Landore Resources (LSE:LND) Cash-to-Debt : No Debt ⁽¹⁾ (As of Jun. 2023)

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What is Landore Resources 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. Landore Resources'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, Landore Resources 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 Landore Resources's Cash-to-Debt or its related term are showing as below:

LSE:LND' 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 13 years, Landore Resources's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

LSE:LND's Cash-to-Debt is ranked better than
99.92% of 2637 companies
in the Metals & Mining industry
Industry Median: 18.42 vs LSE:LND: No Debt

Landore Resources Cash-to-Debt Historical Data

The historical data trend for Landore Resources'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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Landore Resources Cash-to-Debt Chart

Landore Resources Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

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No Debt

Landore Resources 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	No Debt

Competitive Comparison of Landore Resources's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, Landore Resources'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.

Landore Resources's Cash-to-Debt Distribution in the Metals & Mining Industry

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

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

Landore Resources 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.

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

Landore Resources had no debt ⁽¹⁾.

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

Landore Resources had no debt ⁽¹⁾.

Landore Resources (LSE:LND) 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.

Landore Resources Cash-to-Debt Related Terms

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

Landore Resources (LSE:LND) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Landore Resources Ltd (LSE:LND) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

LMK1:Germany

Address

La Tonnelle House, P.O. Box 141, Les Banques, Saint Sampson, GGY, GY1 3HS

Website

https://www.landore.com

Landore Resources Ltd is engaged in the exploration and development of a portfolio of precious and base metal properties in North America. The project portfolio of the group includes Junior Lake, Miminiska Lake, Frond Lake, Wottam, Lessard, and others, including Swole Lake and West Graham. Its only operating segment is mineral exploration.

Landore Resources (LSE:LND) Headlines

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Landore Resources (LSE:LND) Cash-to-Debt : No Debt (1) (As of Jun. 2023)