Lithium Plus Minerals (ASX:LPM) Cash-to-Debt : 41.11 (As of Dec. 2023)

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What is Lithium Plus Minerals Cash-to-Debt?

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Lithium Plus Minerals's cash to debt ratio for the quarter that ended in Dec. 2023 was 41.11.

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, Lithium Plus Minerals could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for Lithium Plus Minerals's Cash-to-Debt or its related term are showing as below:

ASX:LPM' s Cash-to-Debt Range Over the Past 10 Years
Min: 41.11 Med: 56.08 Max: 105.11
Current: 41.11

During the past 1 years, Lithium Plus Minerals's highest Cash to Debt Ratio was 105.11. The lowest was 41.11. And the median was 56.08.

ASX:LPM's Cash-to-Debt is ranked better than
54.84% of 2653 companies
in the Metals & Mining industry
Industry Median: 17.77 vs ASX:LPM: 41.11

Lithium Plus Minerals Cash-to-Debt Historical Data

The historical data trend for Lithium Plus Minerals's Cash-to-Debt can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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Lithium Plus Minerals Cash-to-Debt Chart

Lithium Plus Minerals Annual Data

Trend

Jun23

Cash-to-Debt

105.11

Lithium Plus Minerals Semi-Annual Data
	Dec22	Jun23	Dec23
Cash-to-Debt	56.08	105.11	41.11

Competitive Comparison of Lithium Plus Minerals's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, Lithium Plus Minerals's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Lithium Plus Minerals's Cash-to-Debt Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Lithium Plus Minerals's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Lithium Plus Minerals's Cash-to-Debt falls into.

Lithium Plus Minerals Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Lithium Plus Minerals's Cash to Debt Ratio for the fiscal year that ended in Jun. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	8.304	/	(0.07	+	0.009)
	=	105.11

Lithium Plus Minerals's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	9.413	/	(0.105	+	0.124)
	=	41.10

Lithium Plus Minerals (ASX:LPM) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

Lithium Plus Minerals Cash-to-Debt Related Terms

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Lithium Plus Minerals (ASX:LPM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lithium Plus Minerals Ltd (ASX:LPM) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

18-22 Pitt Street, Level 6, Sydney, NSW, AUS, 2000

Website

https://www.lithiumplus.com.au

Lithium Plus Minerals Ltd is engaged in the mining and exploration of lithium. The projects of the company include Bynoe Lithium projects, Arunta Lithium projects, the Barrow Creek, Spotted Wonder and Moonlightand Wingate projects.

Lithium Plus Minerals (ASX:LPM) Headlines

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