Grounded Lithium (TSXV:GRD) Cash-to-Debt : 19.71 (As of Mar. 2024)

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What is Grounded 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. Grounded Lithium's cash to debt ratio for the quarter that ended in Mar. 2024 was 19.71.

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

TSXV:GRD' s Cash-to-Debt Range Over the Past 10 Years
Min: 3.45 Med: 18.18 Max: No Debt
Current: 19.71

During the past 3 years, Grounded Lithium's highest Cash to Debt Ratio was No Debt. The lowest was 3.45. And the median was 18.18.

TSXV:GRD's Cash-to-Debt is ranked better than
50.83% of 2654 companies
in the Metals & Mining industry
Industry Median: 17.81 vs TSXV:GRD: 19.71

Grounded Lithium Cash-to-Debt Historical Data

The historical data trend for Grounded 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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Grounded Lithium Cash-to-Debt Chart

Grounded Lithium Annual Data

Trend

Dec21

Dec22

Dec23

Cash-to-Debt

No Debt

18.18

3.45

Grounded Lithium Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial							6.26	3.65	7.12	3.45	19.71

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

For the Other Industrial Metals & Mining subindustry, Grounded 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.

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

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

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

Grounded 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.

Grounded Lithium'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)
	=	0.193	/	(0.056	+	0)
	=	3.45

Grounded Lithium'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)
	=	0.552	/	(0.028	+	0)
	=	19.71

Grounded Lithium (TSXV:GRD) 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.

Grounded Lithium Cash-to-Debt Related Terms

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Grounded Lithium (TSXV:GRD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Grounded Lithium Corp (TSXV:GRD) » Definitions » Cash-to-Debt

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Traded in Other Exchanges

GRDAF:USA

Address

500, 400-5th Avenue SW, Calgary, AB, CAN, T2P 0L6

Website

https://www.groundedlithium.com

Grounded Lithium Corp is a lithium resource company focused on supplying lithium to the rapidly developing electricity-powered economy. It controls approximately 2.9 million tonnes of lithium carbonate equivalent over its focused land holdings in Southwest Saskatchewan.

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