Monumental Energy (TSXV:MNRG) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is Monumental Energy 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. Monumental Energy'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, Monumental Energy 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 Monumental Energy's Cash-to-Debt or its related term are showing as below:

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

During the past 4 years, Monumental Energy's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

TSXV:MNRG's Cash-to-Debt is ranked better than
99.92% of 2639 companies
in the Metals & Mining industry
Industry Median: 18.42 vs TSXV:MNRG: No Debt

Monumental Energy Cash-to-Debt Historical Data

The historical data trend for Monumental Energy'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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Monumental Energy Cash-to-Debt Chart

Monumental Energy Annual Data

Trend

Sep20

Sep21

Sep22

Sep23

Cash-to-Debt

No Debt

Monumental Energy Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial								No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Monumental Energy's Cash-to-Debt

For the Other Precious Metals & Mining subindustry, Monumental Energy'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.

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

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

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

Monumental Energy 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.

Monumental Energy's Cash to Debt Ratio for the fiscal year that ended in Sep. 2023 is calculated as:

Monumental Energy had no debt ⁽¹⁾.

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

Monumental Energy had no debt ⁽¹⁾.

Monumental Energy (TSXV:MNRG) 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.

Monumental Energy Cash-to-Debt Related Terms

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

Monumental Energy (TSXV:MNRG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Monumental Energy Corp (TSXV:MNRG) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

MNMRF:USA ZA6:Germany

Address

1122 Mainland Street, Suite 228, Vancouver, BC, CAN, V6B 5L1

Website

Monumental Energy Corp Formerly Monumental Minerals Corp is an exploration stage company engaged in the acquisition and exploration of mineral properties. The Company's current projects are the Jemi Property, the Laguna Property and the Turi Property. The Jemi Property is located in the Ocampo municipality, a relatively remote region of western Coahuila state, Mexico. The Laguna Property is located near the town of San Pedro de Atacama, Chile. The Turi Property is located within the Lithium triangle northwest from the Salar de Laguna Blanca and northeast from the city of Calama, Chile. Geographically, the company generates revenue from Chile.

Executives

Maximilian Sali

Director

Monumental Energy (TSXV:MNRG) Headlines

No Headlines

Monumental Energy (TSXV:MNRG) Cash-to-Debt : No Debt (1) (As of Dec. 2023)