Genmin (ASX:GEN) Cash-to-Debt : 0.08 (As of Jun. 2023)

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What is Genmin 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. Genmin's cash to debt ratio for the quarter that ended in Jun. 2023 was 0.08.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Genmin couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2023.

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

ASX:GEN' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.48 Max: 47.15
Current: 0.01

During the past 4 years, Genmin's highest Cash to Debt Ratio was 47.15. The lowest was 0.01. And the median was 0.48.

ASX:GEN's Cash-to-Debt is ranked worse than
97.84% of 2641 companies
in the Metals & Mining industry
Industry Median: 18.3 vs ASX:GEN: 0.01

Genmin Cash-to-Debt Historical Data

The historical data trend for Genmin'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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Genmin Cash-to-Debt Chart

Genmin Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

0.30

47.15

0.66

0.01

Genmin Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial			47.15	7.11	0.66	0.08	0.01

Competitive Comparison of Genmin's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, Genmin'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.

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

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

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

Genmin 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.

Genmin'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)
	=	0.128	/	(8.102	+	18.396)
	=	0.00

Genmin's Cash to Debt Ratio for the quarter 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)
	=	1.691	/	(3.357	+	17.207)
	=	0.08

Genmin (ASX:GEN) 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.

Genmin Cash-to-Debt Related Terms

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Genmin (ASX:GEN) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

216 St Georges Terrace, Suite 3, Level 8,, London House, Perth, WA, AUS, 6000

Website

https://www.genmingroup.com

Genmin Ltd is an iron ore exploration and development company with a pipeline of projects in Gabon. The company has six exploration licenses in Gabon, covering three projects. Its project includes Baniaka; Bakoumba and Minvoul/Bitam. The company's operating segments include Gabon Exploration and Corporate.