Nevada Lithium Resources (XCNQ:NVLH) Cash-to-Debt : No Debt ⁽¹⁾ (As of Jan. 2024)

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

XCNQ:NVLH' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: No Debt Max: No Debt
Current: 108.85

During the past 3 years, Nevada Lithium Resources's highest Cash to Debt Ratio was No Debt. The lowest was 0.02. And the median was No Debt.

XCNQ:NVLH's Cash-to-Debt is ranked better than
60.35% of 2653 companies
in the Metals & Mining industry
Industry Median: 17.77 vs XCNQ:NVLH: 108.85

Nevada Lithium Resources Cash-to-Debt Historical Data

The historical data trend for Nevada Lithium 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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Nevada Lithium Resources Cash-to-Debt Chart

Nevada Lithium Resources Annual Data

Trend

Apr21

Apr22

Apr23

Cash-to-Debt

No Debt

0.02

Nevada Lithium Resources Quarterly Data
	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Cash-to-Debt	Get a 7-Day Free Trial						0.46	0.02	420.05	No Debt	No Debt

Competitive Comparison of Nevada Lithium Resources's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, Nevada Lithium 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.

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

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

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

Nevada Lithium 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.

Nevada Lithium Resources's Cash to Debt Ratio for the fiscal year that ended in Apr. 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)
	=	0.009	/	(0.38	+	0)
	=	0.02

Nevada Lithium Resources's Cash to Debt Ratio for the quarter that ended in Jan. 2024 is calculated as:

Nevada Lithium Resources had no debt ⁽¹⁾.

Nevada Lithium Resources (XCNQ:NVLH) 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.

Nevada Lithium Resources Cash-to-Debt Related Terms

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

Nevada Lithium Resources (XCNQ:NVLH) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

NVLHF:USA 87K:Germany

Address

1055 West Georgia Street, Suite 1500, Royal Centre, Po Box 11117, Vancouver, BC, CAN, V6E 4N7

Website

https://www.nvlithium.com

Nevada Lithium Resources Inc is in the business of the exploration and evaluation of mineral properties. Its project involves the Bonnie Claire Project is located within a flat-bottomed salt basin that is surrounded by a complete pattern of mountain ranges.

Executives

Marcel Boekhoorn

10% Security Holder

Nevada Lithium Resources (XCNQ:NVLH) Headlines

No Headlines

Nevada Lithium Resources (XCNQ:NVLH) Cash-to-Debt : No Debt (1) (As of Jan. 2024)