Megado Minerals (ASX:MEG) Cash-to-Debt : No Debt ⁽¹⁾ (As of Jun. 2023)

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What is Megado 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. Megado Minerals's cash to debt ratio for the quarter that ended in Jun. 2023 was No Debt ⁽¹⁾.

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, Megado Minerals could pay off its debt using the cash in hand for the quarter that ended in Jun. 2023.

(1) 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.

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

ASX:MEG' s Cash-to-Debt Range Over the Past 10 Years
Min: No Debt Med: No Debt Max: No Debt
Current: No Debt

During the past 4 years, Megado Minerals's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

ASX:MEG's Cash-to-Debt is ranked better than
99.96% of 2647 companies
in the Metals & Mining industry
Industry Median: 18.2 vs ASX:MEG: No Debt

Megado Minerals Cash-to-Debt Historical Data

The historical data trend for Megado 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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Megado Minerals Cash-to-Debt Chart

Megado Minerals Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

No Debt

Megado Minerals Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial			No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Megado Minerals's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, Megado 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.

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

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

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

Megado 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.

Megado Minerals's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 is calculated as:

Megado Minerals had no debt ⁽¹⁾.

Megado Minerals's Cash to Debt Ratio for the quarter that ended in Jun. 2023 is calculated as:

Megado Minerals had no debt ⁽¹⁾.

Megado Minerals (ASX:MEG) 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.

Megado Minerals Cash-to-Debt Related Terms

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Megado Minerals (ASX:MEG) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

197 St Georges Terrace, Level 12, Perth, WA, AUS, 6000

Website

https://www.megadominerals.com

Megado Minerals Ltd is an exploration company focused on critical minerals in North America. The company's project portfolio includes North Fork Rare Earth Project. The North Fork Project is located north-west of Salmon in the Salmon Challis National Forest, Lemhi County, Idaho. The group operates in one industry being the exploration of critical minerals. The geographical areas that the entity operates in are Australia, USA and Ethiopia.