Lexston Mining (XCNQ:LEXT) Cash-to-Debt : No Debt ⁽¹⁾ (As of Feb. 2024)

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What is Lexston Mining 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. Lexston Mining's cash to debt ratio for the quarter that ended in Feb. 2024 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, Lexston Mining could pay off its debt using the cash in hand for the quarter that ended in Feb. 2024.

(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 Lexston Mining's Cash-to-Debt or its related term are showing as below:

XCNQ:LEXT' 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 3 years, Lexston Mining's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

XCNQ:LEXT's Cash-to-Debt is ranked better than
99.96% of 2654 companies
in the Metals & Mining industry
Industry Median: 17.81 vs XCNQ:LEXT: No Debt

Lexston Mining Cash-to-Debt Historical Data

The historical data trend for Lexston Mining'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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Lexston Mining Cash-to-Debt Chart

Lexston Mining Annual Data

Trend

May21

May22

May23

Cash-to-Debt

No Debt

Lexston Mining Quarterly Data
	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Cash-to-Debt	Get a 7-Day Free Trial									No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Lexston Mining's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, Lexston Mining'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.

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

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

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

Lexston Mining 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.

Lexston Mining's Cash to Debt Ratio for the fiscal year that ended in May. 2023 is calculated as:

Lexston Mining had no debt ⁽¹⁾.

Lexston Mining's Cash to Debt Ratio for the quarter that ended in Feb. 2024 is calculated as:

Lexston Mining had no debt ⁽¹⁾.

Lexston Mining (XCNQ:LEXT) 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.

Lexston Mining Cash-to-Debt Related Terms

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

Lexston Mining (XCNQ:LEXT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lexston Mining Corp (XCNQ:LEXT) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

LEXTF:USA

Address

789 West Pender Street, Suite 1150, Vancouver, BC, CAN, V6C 1H2

Website

https://www.lexston.ca

Lexston Mining Corp is a Canadian mineral exploration company focused on the acquisition and development of mineral projects, with the objective to enhance value to all its stakeholders.

Executives

Jagdip Bal	Director, Senior Officer
Glenn Douglas Garland	Subsidiary

Lexston Mining (XCNQ:LEXT) Headlines

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Lexston Mining (XCNQ:LEXT) Cash-to-Debt : No Debt (1) (As of Feb. 2024)