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Lifezone Metals (Lifezone Metals) Cash-to-Debt : 27.62 (As of Dec. 2023)


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What is Lifezone Metals 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. Lifezone Metals's cash to debt ratio for the quarter that ended in Dec. 2023 was 27.62.

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, Lifezone Metals 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 Lifezone Metals's Cash-to-Debt or its related term are showing as below:

LZM' s Cash-to-Debt Range Over the Past 10 Years
Min: 27.62   Med: 5025.93   Max: No Debt
Current: 27.62

During the past 4 years, Lifezone Metals's highest Cash to Debt Ratio was No Debt. The lowest was 27.62. And the median was 5025.93.

LZM's Cash-to-Debt is ranked better than
52.65% of 2640 companies
in the Metals & Mining industry
Industry Median: 18.395 vs LZM: 27.62

Lifezone Metals Cash-to-Debt Historical Data

The historical data trend for Lifezone Metals'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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Lifezone Metals Cash-to-Debt Chart

Lifezone Metals Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Cash-to-Debt
No Debt No Debt 51.86 27.62

Lifezone Metals Quarterly Data
Dec20 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cash-to-Debt Get a 7-Day Free Trial Premium Member Only Premium Member Only 51.86 112.72 89.54 46.87 27.62

Competitive Comparison of Lifezone Metals's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, Lifezone Metals'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.

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

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

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


Lifezone Metals 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.

Lifezone Metals's Cash to Debt Ratio for the fiscal year 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)
=49.392 / (0.603 + 1.185)
=27.62

Lifezone Metals'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)
=49.392 / (0.603 + 1.185)
=27.62

* 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.

Lifezone Metals  (NYSE:LZM) 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.

Lifezone Metals Cash-to-Debt Related Terms

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

Lifezone Metals (Lifezone Metals) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lifezone Metals Ltd (NYSE:LZM) » Definitions » Cash-to-Debt
Comparable Companies
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Traded in Other Exchanges
N/A
Address
1 Bowring Road, Commerce House, Ramsey, IMN, IM8 2TF
Website
https://www.lifezonemetals.com
Lifezone Metals Ltd is a modern pre-development exploration-stage metals company. Its business consists of two segments namely metals extraction and refining business and intellectual property licensing business.