Discovery Lithium (XCNQ:DCLI) Cash-to-Debt : No Debt ⁽¹⁾ (As of Oct. 2023)

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What is Discovery Lithium 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. Discovery Lithium's cash to debt ratio for the quarter that ended in Oct. 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, Discovery Lithium could pay off its debt using the cash in hand for the quarter that ended in Oct. 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 Discovery Lithium's Cash-to-Debt or its related term are showing as below:

XCNQ:DCLI' s Cash-to-Debt Range Over the Past 10 Years
Min: 44.4 Med: 284.69 Max: No Debt
Current: 376.33

During the past 2 years, Discovery Lithium's highest Cash to Debt Ratio was No Debt. The lowest was 44.40. And the median was 284.69.

XCNQ:DCLI's Cash-to-Debt is ranked better than
63.66% of 2639 companies
in the Metals & Mining industry
Industry Median: 18.42 vs XCNQ:DCLI: 376.33

Discovery Lithium Cash-to-Debt Historical Data

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

Discovery Lithium Annual Data

Trend

Jan22

Jan23

Cash-to-Debt

No Debt

48.68

Discovery Lithium Quarterly Data
	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
Cash-to-Debt	Get a 7-Day Free Trial			44.40	48.68	175.21	394.17	No Debt

Competitive Comparison of Discovery Lithium's Cash-to-Debt

For the Gold subindustry, Discovery Lithium'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.

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

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

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

Discovery Lithium 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.

Discovery Lithium's Cash to Debt Ratio for the fiscal year that ended in Jan. 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)
	=	1.071	/	(0.022	+	0)
	=	48.68

Discovery Lithium's Cash to Debt Ratio for the quarter that ended in Oct. 2023 is calculated as:

Discovery Lithium had no debt ⁽¹⁾.

Discovery Lithium (XCNQ:DCLI) 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.

Discovery Lithium Cash-to-Debt Related Terms

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Discovery Lithium (XCNQ:DCLI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Discovery Lithium Inc (XCNQ:DCLI) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

DCLIF:USA Q3Q0:Germany

Address

1110 Hamilton Strett, Suite 306, Vancouver, BC, CAN, V6B 2S2

Website

ISM Resources Corp is a junior exploration company engaged in the exploration and development of the ESN Property, Koster Dam Property, and Quet Gold Ridge and Fire Creek Property. It is engaged in the business of gold mineral exploration.

Discovery Lithium (XCNQ:DCLI) Headlines

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Discovery Lithium (XCNQ:DCLI) Cash-to-Debt : No Debt (1) (As of Oct. 2023)