Patriot Lithium (ASX:PAT) Cash-to-Debt : 547.00 (As of Dec. 2023)

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What is Patriot Lithium 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. Patriot Lithium's cash to debt ratio for the quarter that ended in Dec. 2023 was 547.00.

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, Patriot Lithium could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

ASX:PAT' s Cash-to-Debt Range Over the Past 10 Years
Min: 281.58 Med: 424.33 Max: 547
Current: 547

During the past 2 years, Patriot Lithium's highest Cash to Debt Ratio was 547.00. The lowest was 281.58. And the median was 424.33.

ASX:PAT's Cash-to-Debt is ranked better than
64.31% of 2642 companies
in the Metals & Mining industry
Industry Median: 18.42 vs ASX:PAT: 547.00

Patriot Lithium Cash-to-Debt Historical Data

The historical data trend for Patriot Lithium'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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Patriot Lithium Cash-to-Debt Chart

Patriot Lithium Annual Data

Trend

Jun22

Jun23

Cash-to-Debt

201.82

424.33

Patriot Lithium Semi-Annual Data
	Dec22	Jun23	Dec23
Cash-to-Debt	281.58	424.33	547.00

Competitive Comparison of Patriot Lithium's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, Patriot Lithium'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.

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

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

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

Patriot Lithium 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.

Patriot Lithium'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)
	=	5.092	/	(0.012	+	0)
	=	424.33

Patriot Lithium'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)
	=	1.641	/	(0.003	+	0)
	=	547.00

Patriot Lithium (ASX:PAT) 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.

Patriot Lithium Cash-to-Debt Related Terms

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

Patriot Lithium (ASX:PAT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Patriot Lithium Ltd (ASX:PAT) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

16 Milligan Street, Level 3, Perth, WA, AUS, 6000

Website

https://www.patriot-lithium.com

Patriot Lithium Ltd is focused on acquiring, exploring and developing lithium projects in South Dakota, Wyoming and Arizona in the United States of America. The company has three project areas, namely the Keystone Project comprising of 255 unpatented lode mining claims, the Tinton West Project comprising the TSD Claim Group of 20 unpatented lode mining claims and the TW Claim Group of 49 unpatented lode mining claims, and the Wickenburg Project comprising of 347 unpatented lode mining claims. The company is also engaged in the Ontario Lithium project.

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