Midas Minerals (ASX:MM1) Cash-to-Debt : No Debt ⁽¹⁾ (As of Jun. 2023)

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

ASX:MM1' 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 4 years, Midas Minerals's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

ASX:MM1's Cash-to-Debt is ranked better than
99.96% of 2654 companies
in the Metals & Mining industry
Industry Median: 17.81 vs ASX:MM1: No Debt

Midas Minerals Cash-to-Debt Historical Data

The historical data trend for Midas Minerals'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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Midas Minerals Cash-to-Debt Chart

Midas Minerals Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

No Debt

Midas Minerals Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Midas Minerals's Cash-to-Debt

For the Other Precious Metals & Mining subindustry, Midas Minerals'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.

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

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

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

Midas Minerals 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.

Midas Minerals's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Midas Minerals had no debt ⁽¹⁾.

Midas Minerals's Cash to Debt Ratio for the quarter that ended in Jun. 2023 is calculated as:

Midas Minerals had no debt ⁽¹⁾.

Midas Minerals (ASX:MM1) 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.

Midas Minerals Cash-to-Debt Related Terms

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

Midas Minerals (ASX:MM1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Midas Minerals Ltd (ASX:MM1) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

8 Richardson Street, Level 2, West Perth, Perth, WA, AUS, 6005

Website

https://www.midasminerals.com

Midas Minerals Ltd is an emerging mineral exploration company focused on advancing projects in the prospective Yilgarn Craton of Western Australia. Its primary focus is gold however, the Weebo project is also prospective for nickel and the Challa project has potential for, copper, nickel, base metals, silver, and lithium.

Midas Minerals (ASX:MM1) Headlines

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Midas Minerals (ASX:MM1) Cash-to-Debt : No Debt (1) (As of Jun. 2023)