Mason Resources (TSXV:LLG) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is Mason 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. Mason Resources's cash to debt ratio for the quarter that ended in Dec. 2023 was No Debt ⁽¹⁾.

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

(1) 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.

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

TSXV:LLG' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.13 Med: 10.14 Max: No Debt
Current: No Debt

During the past 12 years, Mason Resources's highest Cash to Debt Ratio was No Debt. The lowest was 0.13. And the median was 10.14.

TSXV:LLG's Cash-to-Debt is ranked better than
99.92% of 2641 companies
in the Metals & Mining industry
Industry Median: 18.37 vs TSXV:LLG: No Debt

Mason Resources Cash-to-Debt Historical Data

The historical data trend for Mason 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.

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Mason Resources Cash-to-Debt Chart

Mason Resources Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

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No Debt

Mason Resources Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Mason Resources's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, Mason 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.

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

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

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

Mason 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.

Mason Resources's Cash to Debt Ratio for the fiscal year that ended in Jun. 2023 is calculated as:

Mason Resources had no debt ⁽¹⁾.

Mason Resources's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Mason Resources had no debt ⁽¹⁾.

Mason Resources (TSXV:LLG) 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.

Mason Resources Cash-to-Debt Related Terms

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

Mason Resources (TSXV:LLG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Mason Resources Inc (TSXV:LLG) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

MGPHF:USA UD9:Germany

Address

120 Adelaide Street West, Suite 1410, Toronto, ON, CAN, H7T 2P5

Website

https://www.masonresourcesinc.com

Mason Resources Inc is a Canadian company focused on identifying, evaluating, and pursuing business investment opportunities to enhance shareholder's long-term value. Its strategy is to develop vertical and horizontal integration in the mining industry, with a special focus on industrial and specialty minerals, notably battery-related materials and their by-products. Its strategy also includes the development of value-added products, notably for green technologies.

Mason Resources (TSXV:LLG) Headlines

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Mason Resources (TSXV:LLG) Cash-to-Debt : No Debt (1) (As of Dec. 2023)