NOA Lithium Brines (TSXV:NOAL) Cash-to-Debt : 123.46 (As of Dec. 2023)

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What is NOA Lithium Brines 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. NOA Lithium Brines's cash to debt ratio for the quarter that ended in Dec. 2023 was 123.46.

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, NOA Lithium Brines 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 NOA Lithium Brines's Cash-to-Debt or its related term are showing as below:

TSXV:NOAL' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.79 Med: No Debt Max: No Debt
Current: 123.46

During the past 5 years, NOA Lithium Brines's highest Cash to Debt Ratio was No Debt. The lowest was 0.79. And the median was No Debt.

TSXV:NOAL's Cash-to-Debt is ranked better than
60.98% of 2645 companies
in the Metals & Mining industry
Industry Median: 18.3 vs TSXV:NOAL: 123.46

NOA Lithium Brines Cash-to-Debt Historical Data

The historical data trend for NOA Lithium Brines'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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NOA Lithium Brines Cash-to-Debt Chart

NOA Lithium Brines Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

No Debt

0.79

123.46

NOA Lithium Brines Quarterly Data
	Dec19	Dec20	Sep21	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial						0.79	No Debt	No Debt	No Debt	123.46

Competitive Comparison of NOA Lithium Brines's Cash-to-Debt

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

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

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

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

NOA Lithium Brines 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.

NOA Lithium Brines'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)
	=	1.358	/	(0.005	+	0.006)
	=	123.45

NOA Lithium Brines'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)
	=	1.358	/	(0.005	+	0.006)
	=	123.45

NOA Lithium Brines (TSXV:NOAL) 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.

NOA Lithium Brines Cash-to-Debt Related Terms

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NOA Lithium Brines (TSXV:NOAL) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

NLIBF:USA N7N:Germany

Address

639 – 5th Avenue S.W, Suite 1250, Calgary, AB, CAN, T2P 0M9

Website

https://www.noalithium.com

NOA Lithium Brines Inc is a lithium exploration and development company formed to acquire assets with resource potential. The company's projects are in the heart of the prolific Lithium Triangle, in the mining-friendly province of Salta, Argentina, near a multitude of projects and operations, managed by some of the players in the lithium industry.

NOA Lithium Brines (TSXV:NOAL) Headlines

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