Cadence Minerals (LSE:KDNC) Cash-to-Debt : 9.59 (As of Jun. 2023)

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What is Cadence 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. Cadence Minerals's cash to debt ratio for the quarter that ended in Jun. 2023 was 9.59.

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, Cadence 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 Cadence Minerals's Cash-to-Debt or its related term are showing as below:

LSE:KDNC' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.26 Med: 7.88 Max: No Debt
Current: 9.59

During the past 13 years, Cadence Minerals's highest Cash to Debt Ratio was No Debt. The lowest was 0.26. And the median was 7.88.

LSE:KDNC's Cash-to-Debt is ranked worse than
54.13% of 2653 companies
in the Metals & Mining industry
Industry Median: 17.62 vs LSE:KDNC: 9.59

Cadence Minerals Cash-to-Debt Historical Data

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

Cadence Minerals Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

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2.17

1.99

65.56

No Debt

Cadence Minerals Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	No Debt	No Debt	No Debt	9.59

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

For the Other Industrial Metals & Mining subindustry, Cadence 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.

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

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

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

Cadence 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.

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

Cadence Minerals had no debt ⁽¹⁾.

Cadence Minerals's Cash to Debt Ratio for the quarter 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)
	=	11.279	/	(0.565	+	0.611)
	=	9.59

Cadence Minerals (LSE:KDNC) 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.

Cadence Minerals Cash-to-Debt Related Terms

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Cadence Minerals (LSE:KDNC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Cadence Minerals PLC (LSE:KDNC) » Definitions » Cash-to-Debt

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Traded in Other Exchanges

KDNC:UK

Address

20 Primrose Street, C/o The Broadgate Tower, London, GBR, EC2A 2EW

Website

https://www.cadenceminerals.com

Cadence Minerals PLC is engaged in identifying, investing, and developing Mineral resources. The Group is also exploring other mining-related opportunities. The company invests across the globe, principally in lithium mining projects. The company projects include Sonora Lithium, Cinovec Lithium, Yangibana Rare Earth Project, and Macarthur Minerals Projects where the Sonora Lithium Project consists of over 10 concessions confer rights for exploration, mining, and production, the Cinovec Lithium Project hosts tin deposit, the Karibib Lithium Project consists of five existing Exclusive Prospecting Licenses (EPLs) in the region and Yangibana Project hosts extensive rare earths-bearing ferrocarbonatite/ironstone veins.

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