Battery Age Minerals (ASX:BM8) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

View and export this data going back to 2020. Start your Free Trial

What is Battery Age Minerals 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. Battery Age Minerals'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, Battery Age Minerals 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 Battery Age Minerals's Cash-to-Debt or its related term are showing as below:

ASX:BM8' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.12 Med: No Debt Max: No Debt
Current: 512.67

During the past 13 years, Battery Age Minerals's highest Cash to Debt Ratio was No Debt. The lowest was 0.12. And the median was No Debt.

ASX:BM8's Cash-to-Debt is ranked better than
64.33% of 2641 companies
in the Metals & Mining industry
Industry Median: 18.37 vs ASX:BM8: 512.67

Battery Age Minerals Cash-to-Debt Historical Data

The historical data trend for Battery Age Minerals'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.

* Premium members only.

Battery Age Minerals Cash-to-Debt Chart

Battery Age Minerals Annual Data

Trend

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun21

Jun22

Jun23

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

0.12

74.17

22.12

533.33

Battery Age Minerals Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															29.65	22.12	4.06	533.33	No Debt

Competitive Comparison of Battery Age Minerals's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, Battery Age Minerals'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.

Battery Age Minerals's Cash-to-Debt Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Battery Age Minerals's Cash-to-Debt falls into.

Battery Age Minerals 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.

Battery Age Minerals's Cash to Debt Ratio for the fiscal year that ended in Jun. 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)
	=	3.2	/	(0.006	+	0)
	=	533.33

Battery Age Minerals's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Battery Age Minerals had no debt ⁽¹⁾.

Battery Age Minerals (ASX:BM8) 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.

Battery Age Minerals Cash-to-Debt Related Terms

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

Battery Age Minerals (ASX:BM8) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Battery Age Minerals Ltd (ASX:BM8) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Level 50, 108 St Georges Terrace, Perth, WA, AUS, 6000

Website

https://www.batteryageminerals.au

Battery Age Minerals Ltd is a battery mineral-focused company. The company projects include Falcon Lake Lithium; Tidili and Bleiberg Project. The company is presently focused on the exploration of battery minerals such as lithium, copper, germanium, and zinc in Canada, Morocco, and Austria. The company has five geographical segments, Australia (Equinox Investment), Canada, Argentina (King Tut Project), Austria and Morocco.

Battery Age Minerals (ASX:BM8) Headlines

No Headlines

Battery Age Minerals (ASX:BM8) Cash-to-Debt : No Debt (1) (As of Dec. 2023)