Lotus Resources (ASX:LOT) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

View and export this data going back to 2009. Start your Free Trial

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

ASX:LOT' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.49 Med: No Debt Max: No Debt
Current: No Debt

During the past 13 years, Lotus Resources's highest Cash to Debt Ratio was No Debt. The lowest was 0.49. And the median was No Debt.

ASX:LOT's Cash-to-Debt is ranked better than
99.92% of 2646 companies
in the Metals & Mining industry
Industry Median: 18.395 vs ASX:LOT: No Debt

Lotus Resources Cash-to-Debt Historical Data

The historical data trend for Lotus 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.

* Premium members only.

Lotus Resources Cash-to-Debt Chart

Lotus Resources Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

Get a 7-Day Free Trial

0.49

612.11

No Debt

Lotus Resources Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Lotus Resources's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, Lotus 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.

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

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

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

Lotus 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.

Lotus Resources's Cash to Debt Ratio for the fiscal year that ended in Jun. 2023 is calculated as:

Lotus Resources had no debt ⁽¹⁾.

Lotus Resources's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Lotus Resources had no debt ⁽¹⁾.

Lotus Resources (ASX:LOT) 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.

Lotus Resources Cash-to-Debt Related Terms

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

Lotus Resources (ASX:LOT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lotus Resources Ltd (ASX:LOT) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

LTSRF:USA

Address

140 St Georges Terrace, Level 20, Perth, WA, AUS, 6000

Website

https://www.lotusresources.com.au

Lotus Resources Ltd is a mineral exploration company engaged in the development of interests in exploration and development projects in the resource industry in Australia and Malawi. Its operates in two geographical and business segments, that is Africa (Uranium) and Australia (Minerals). It holds an interest in the Kayelekera Uranium Project located in northern Malawi, 52km west (by road) of the provincial town of Karonga and 12km south of the main road that connects Karonga with the township of Chitipa to the west, and Hylea Cobalt Project is located over units of the western side of the Lachlan Orogen.

Lotus Resources (ASX:LOT) Headlines

From GuruFocus

Lotus Technology Celebrates Public Listing on Nasdaq

By PRNewswire • 02-23-2024

Lotus Resources (ASX:LOT) Cash-to-Debt : No Debt (1) (As of Dec. 2023)