Snow Lake Resources (Snow Lake Resources) Cash-to-Debt : 133.94 (As of Dec. 2023)

View and export this data going back to 2021. Start your Free Trial

What is Snow Lake 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. Snow Lake Resources's cash to debt ratio for the quarter that ended in Dec. 2023 was 133.94.

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, Snow Lake Resources 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 Snow Lake Resources's Cash-to-Debt or its related term are showing as below:

LITM' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.21 Med: 39.36 Max: No Debt
Current: 133.94

During the past 5 years, Snow Lake Resources's highest Cash to Debt Ratio was No Debt. The lowest was 0.21. And the median was 39.36.

LITM's Cash-to-Debt is ranked better than
61.14% of 2643 companies
in the Metals & Mining industry
Industry Median: 18.42 vs LITM: 133.94

Snow Lake Resources Cash-to-Debt Historical Data

The historical data trend for Snow Lake 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.

Snow Lake Resources Cash-to-Debt Chart

Snow Lake Resources Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

2.89

0.70

0.69

118.36

62.85

Snow Lake Resources Semi-Annual Data
	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial					39.36	118.36	No Debt	62.85	133.94

Competitive Comparison of Snow Lake Resources's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, Snow Lake 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.

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

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

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

Snow Lake 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.

Snow Lake 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)
	=	2.891	/	(0.023	+	0.023)
	=	62.85

Snow Lake 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)
	=	4.688	/	(0.026	+	0.009)
	=	133.94

Snow Lake Resources (NAS:LITM) 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.

Snow Lake Resources Cash-to-Debt Related Terms

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

Snow Lake Resources (Snow Lake Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Snow Lake Resources Ltd (NAS:LITM) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

360 Main Street, 30th Floor, Winnipeg, MB, CAN, R3C 4G1

Website

https://www.snowlakelithium.com

Snow Lake Resources Ltd is an exploration stage mining company engaged in lithium exploration in the province of Manitoba, Canada. Its primary focus is currently conducting exploration for lithium at Thompson Brothers Lithium Project.