MEC Resources (ASX:MMR) Cash-to-Debt : 0.23 (As of Dec. 2023)

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What is MEC 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. MEC Resources's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.23.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, MEC Resources couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for MEC Resources's Cash-to-Debt or its related term are showing as below:

ASX:MMR' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.05 Med: 0.85 Max: No Debt
Current: 0.23

During the past 13 years, MEC Resources's highest Cash to Debt Ratio was No Debt. The lowest was 0.05. And the median was 0.85.

ASX:MMR's Cash-to-Debt is not ranked
in the Oil & Gas industry.
Industry Median: 0.5 vs ASX:MMR: 0.23

MEC Resources Cash-to-Debt Historical Data

The historical data trend for MEC 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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MEC Resources Cash-to-Debt Chart

MEC Resources Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

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0.44

0.74

0.15

0.29

0.22

MEC 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															0.05	0.29	0.05	0.22	0.23

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

For the Oil & Gas E&P subindustry, MEC 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.

MEC Resources's Cash-to-Debt Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, MEC Resources's Cash-to-Debt distribution charts can be found below:

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

MEC 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.

MEC Resources's Cash to Debt Ratio for the fiscal year that ended in Jun. 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)
	=	1.613	/	(1.08	+	6.16)
	=	0.22

MEC Resources's Cash to Debt Ratio for the quarter that ended in Dec. 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)
	=	0.114	/	(0.493	+	0)
	=	0.23

MEC Resources (ASX:MMR) 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.

MEC Resources Cash-to-Debt Related Terms

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

MEC Resources (ASX:MMR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » MEC Resources Ltd (ASX:MMR) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

114 Cedric Street, Unit 12, Level 1, Stirling, WA, AUS, 6151

Website

https://www.mecresources.com.au

MEC Resources Ltd through its subsidiaries is engaged in the exploration and development of oil and gas properties in Australia. The company holds interests in the EP386 and RL1 assets located in the onshore Bonaparte Basin in the north of Western Australia and Northern Territory; and PEP11 asset located in the offshore Sydney Basin.

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