Mongolian Mining (HKSE:00975) Cash-to-Debt : 0.82 (As of Dec. 2023)

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What is Mongolian Mining 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. Mongolian Mining's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.82.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Mongolian Mining couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

HKSE:00975' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: 0.08 Max: 0.82
Current: 0.82

During the past 13 years, Mongolian Mining's highest Cash to Debt Ratio was 0.82. The lowest was 0.02. And the median was 0.08.

HKSE:00975's Cash-to-Debt is ranked better than
67.15% of 615 companies
in the Steel industry
Industry Median: 0.42 vs HKSE:00975: 0.82

Mongolian Mining Cash-to-Debt Historical Data

The historical data trend for Mongolian Mining'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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Mongolian Mining Cash-to-Debt Chart

Mongolian Mining Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

0.09

0.06

0.17

0.82

Mongolian Mining Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															0.06	0.11	0.17	0.61	0.82

Competitive Comparison of Mongolian Mining's Cash-to-Debt

For the Coking Coal subindustry, Mongolian Mining'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.

Mongolian Mining's Cash-to-Debt Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Mongolian Mining's Cash-to-Debt distribution charts can be found below:

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

Mongolian Mining 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.

Mongolian Mining's Cash to Debt Ratio for the fiscal year 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)
	=	1372.955	/	(0	+	1671.243)
	=	0.82

Mongolian Mining'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)
	=	1372.955	/	(0	+	1671.243)
	=	0.82

Mongolian Mining (HKSE:00975) 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.

Mongolian Mining Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Mongolian Mining's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Mongolian Mining (HKSE:00975) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Mongolian Mining Corp (HKSE:00975) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

MOGLF:USA 29X2:Germany

Address

Central Tower, 16th Floor, Sukhbaatar District, Ulaanbaatar, MNG, 14200

Website

https://www.mmc.mn

Mongolian Mining Corp, together with its subsidiaries, engages in the mining, processing, transportation, and sale of coal products in Mongolia. The company owns and operates the Ukhaa Khudag and the Baruun Naran open-pit coking coal mines located in the Umnugobi aimag, Mongolia. The company generates revenue from the sale of Washed hard-coking coal, Washed semi-soft coking coal, Washed thermal coal, and Raw thermal coal. The majority of the revenue is generated from the sale of Washed hard-coking coal. China accounts for the majority of the sale of its products.

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