Mandalay Resources (Mandalay Resources) Cash-to-Debt : 1.76 (As of Mar. 2024)

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What is Mandalay 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. Mandalay Resources's cash to debt ratio for the quarter that ended in Mar. 2024 was 1.76.

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, Mandalay Resources could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

MNDJF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.14 Med: 0.74 Max: 1.76
Current: 1.76

During the past 13 years, Mandalay Resources's highest Cash to Debt Ratio was 1.76. The lowest was 0.14. And the median was 0.74.

MNDJF's Cash-to-Debt is ranked worse than
63.87% of 2654 companies
in the Metals & Mining industry
Industry Median: 17.81 vs MNDJF: 1.76

Mandalay Resources Cash-to-Debt Historical Data

The historical data trend for Mandalay 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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Mandalay Resources Cash-to-Debt Chart

Mandalay Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.36

0.54

0.69

1.71

1.22

Mandalay Resources Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															1.55	1.41	0.96	1.22	1.76

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

For the Gold subindustry, Mandalay 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.

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

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

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

Mandalay 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.

Mandalay Resources'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)
	=	28.777	/	(1.852	+	21.744)
	=	1.22

Mandalay Resources's Cash to Debt Ratio for the quarter that ended in Mar. 2024 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)
	=	48.832	/	(2.689	+	25.048)
	=	1.76

Mandalay Resources (OTCPK:MNDJF) 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.

Mandalay Resources Cash-to-Debt Related Terms

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Mandalay Resources (Mandalay Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Mandalay Resources Corp (OTCPK:MNDJF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

R7X2:Germany MND:Canada

Address

76 Richmond Street East, Suite 330, Toronto, ON, CAN, M5C 1P1

Website

https://www.mandalayresources.com

Mandalay Resources Corp is a Canadian-based natural resource corporation with producing assets in Australia and Sweden, and care and maintenance and development projects in Chile and Canada. The company focuses on growing its production and reducing costs at its gold and antimony operation in Australia, and its gold mine in Sweden, to generate near-term sustainable positive cash flow.