CGN Resources (ASX:CGR) Cash-to-Debt : No Debt ⁽¹⁾ (As of Jun. 2023)

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What is CGN 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. CGN Resources's cash to debt ratio for the quarter that ended in Jun. 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, CGN Resources could pay off its debt using the cash in hand for the quarter that ended in Jun. 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 CGN Resources's Cash-to-Debt or its related term are showing as below:

ASX:CGR' 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 3 years, CGN Resources's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

ASX:CGR's Cash-to-Debt is ranked better than
99.92% of 2647 companies
in the Metals & Mining industry
Industry Median: 18.37 vs ASX:CGR: No Debt

CGN Resources Cash-to-Debt Historical Data

The historical data trend for CGN 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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CGN Resources Cash-to-Debt Chart

CGN Resources Annual Data

Trend

Jun21

Jun22

Jun23

Cash-to-Debt

No Debt

CGN Resources Semi-Annual Data
	Jun21	Jun22	Jun23
Cash-to-Debt	No Debt	No Debt	No Debt

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

For the Other Industrial Metals & Mining subindustry, CGN 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.

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

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

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

CGN 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.

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

CGN Resources had no debt ⁽¹⁾.

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

CGN Resources had no debt ⁽¹⁾.

CGN Resources (ASX:CGR) 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.

CGN Resources Cash-to-Debt Related Terms

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

CGN Resources (ASX:CGR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » CGN Resources Ltd (ASX:CGR) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

6 Richardson Street, Suite 4, Perth, WA, AUS, 6005

Website

https://www.cgnresources.com.au

CGN Resources Ltd is an exploration-focused mining company targeting copper, nickel, and specialty metals in Western Australia's West Arunta Region. The Company's main objective is to provide a return to Shareholders through the successful exploration, discovery and development of high value base and precious metal resources.

CGN Resources (ASX:CGR) Headlines

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CGN Resources (ASX:CGR) Cash-to-Debt : No Debt (1) (As of Jun. 2023)