Consolidated Lithium Metals (TSXV:CLM) Cash-to-Debt : 17.51 (As of Dec. 2023)

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What is Consolidated Lithium Metals 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. Consolidated Lithium Metals's cash to debt ratio for the quarter that ended in Dec. 2023 was 17.51.

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, Consolidated Lithium Metals could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

TSXV:CLM' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.64 Med: No Debt Max: No Debt
Current: 17.51

During the past 13 years, Consolidated Lithium Metals's highest Cash to Debt Ratio was No Debt. The lowest was 0.64. And the median was No Debt.

TSXV:CLM's Cash-to-Debt is ranked worse than
50.55% of 2639 companies
in the Metals & Mining industry
Industry Median: 18.42 vs TSXV:CLM: 17.51

Consolidated Lithium Metals Cash-to-Debt Historical Data

The historical data trend for Consolidated Lithium Metals'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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Consolidated Lithium Metals Cash-to-Debt Chart

Consolidated Lithium Metals Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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No Debt

10.36

17.51

Consolidated Lithium Metals Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															10.36	6.15	16.35	4.99	17.51

Competitive Comparison of Consolidated Lithium Metals's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, Consolidated Lithium Metals'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.

Consolidated Lithium Metals's Cash-to-Debt Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Consolidated Lithium Metals's Cash-to-Debt falls into.

Consolidated Lithium Metals 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.

Consolidated Lithium Metals'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)
	=	2.416	/	(0.05	+	0.088)
	=	17.51

Consolidated Lithium Metals'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)
	=	2.416	/	(0.05	+	0.088)
	=	17.51

Consolidated Lithium Metals (TSXV:CLM) 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.

Consolidated Lithium Metals Cash-to-Debt Related Terms

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Consolidated Lithium Metals (TSXV:CLM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Consolidated Lithium Metals Inc (TSXV:CLM) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

JORFF:USA Z36:Germany

Address

Fourth floor of 5 Hazelton Avenue, Toronto, ON, CAN, M5R 2E1

Website

https://www.jourdaninc.com

Consolidated Lithium Metals Inc is a Canadian junior mining exploration company. The Company is focused on the acquisition, exploration, production, and development of mining properties. The Company's properties are in Quebec, Canada, primarily in the spodumene-bearing pegmatites of the La Corne Batholith, around North American Lithium's Quebec lithium mine.

Executives

Richard Placide Quesnel

Senior Officer