Mega Uranium (TSX:MGA) Cash-to-Debt : 1.87 (As of Mar. 2024)

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What is Mega Uranium 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. Mega Uranium's cash to debt ratio for the quarter that ended in Mar. 2024 was 1.87.

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, Mega Uranium could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

TSX:MGA' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.85 Med: No Debt Max: No Debt
Current: 1.87

During the past 13 years, Mega Uranium's highest Cash to Debt Ratio was No Debt. The lowest was 1.85. And the median was No Debt.

TSX:MGA's Cash-to-Debt is ranked worse than
50.56% of 178 companies
in the Other Energy Sources industry
Industry Median: 1.915 vs TSX:MGA: 1.87

Mega Uranium Cash-to-Debt Historical Data

The historical data trend for Mega Uranium'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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Mega Uranium Cash-to-Debt Chart

Mega Uranium Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Cash-to-Debt

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No Debt

26.67

163.51

15.49

2.83

Mega Uranium Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															4.75	3.06	2.83	1.85	1.87

Competitive Comparison of Mega Uranium's Cash-to-Debt

For the Uranium subindustry, Mega Uranium'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.

Mega Uranium's Cash-to-Debt Distribution in the Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, Mega Uranium's Cash-to-Debt distribution charts can be found below:

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

Mega Uranium 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.

Mega Uranium's Cash to Debt Ratio for the fiscal year that ended in Sep. 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)
	=	25.628	/	(8.706	+	0.339)
	=	2.83

Mega Uranium's Cash to Debt Ratio for the quarter that ended in Mar. 2024 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)
	=	32.965	/	(17.299	+	0.295)
	=	1.87

Mega Uranium (TSX:MGA) 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.

Mega Uranium Cash-to-Debt Related Terms

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

Mega Uranium (TSX:MGA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Mega Uranium Ltd (TSX:MGA) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

MGAFF:USA M6J:Germany

Address

217 Queen Street West, Suite 401, Toronto, ON, CAN, M5V 0R2

Website

https://www.megauranium.com

Mega Uranium Ltd is a Canada-based exploration stage mineral resources company. The company is engaged in the acquisition and exploration of uranium prospective properties. Its properties include Ben Lomond, Georgetown, and Kintyre in Australia. Geographically, it operates in Canada and Australia.

Executives

Brigitte Linda Marie Berneche

Director