Godolphin Resources (ASX:GRL) Cash-to-Debt : 17.43 (As of Dec. 2023)

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What is Godolphin 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. Godolphin Resources's cash to debt ratio for the quarter that ended in Dec. 2023 was 17.43.

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

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

ASX:GRL' s Cash-to-Debt Range Over the Past 10 Years
Min: 5.2 Med: 11.9 Max: 39.89
Current: 17.43

During the past 4 years, Godolphin Resources's highest Cash to Debt Ratio was 39.89. The lowest was 5.20. And the median was 11.90.

ASX:GRL's Cash-to-Debt is ranked worse than
50.17% of 2653 companies
in the Metals & Mining industry
Industry Median: 17.62 vs ASX:GRL: 17.43

Godolphin Resources Cash-to-Debt Historical Data

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

Godolphin Resources Annual Data

Trend

Jun19

Jun21

Jun22

Jun23

Cash-to-Debt

No Debt

13.63

5.71

5.20

Godolphin Resources Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial			10.18	5.71	8.88	5.20	17.43

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

For the Other Precious Metals & Mining subindustry, Godolphin 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.

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

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

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

Godolphin 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.

Godolphin Resources'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)
	=	1.242	/	(0.068	+	0.171)
	=	5.20

Godolphin Resources's Cash to Debt Ratio for the quarter 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)
	=	1.272	/	(0.073	+	0)
	=	17.42

Godolphin Resources (ASX:GRL) 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.

Godolphin Resources Cash-to-Debt Related Terms

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

Godolphin Resources (ASX:GRL) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

GDPHF:USA

Address

11-19 William Street, P.O. Box 9497, Unit 13, Orange, NSW, AUS, 2800

Website

https://www.godolphinresources.com.au

Godolphin Resources Ltd is an Australia based mining company. Its project includes Lewis Ponds, Ophir, Copper Hill East porphyry copper project, Mt Aubrey epithermal gold-silver project, Yeoval, Wiseman's Creek gold-copper project, and Calarie gold project.

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