Kingfisher Mining (ASX:KFM) Cash-to-Debt : 33.45 (As of Dec. 2023)

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What is Kingfisher Mining 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. Kingfisher Mining's cash to debt ratio for the quarter that ended in Dec. 2023 was 33.45.

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, Kingfisher Mining 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 Kingfisher Mining's Cash-to-Debt or its related term are showing as below:

ASX:KFM' s Cash-to-Debt Range Over the Past 10 Years
Min: 22.06 Med: 36.65 Max: No Debt
Current: 33.45

During the past 4 years, Kingfisher Mining's highest Cash to Debt Ratio was No Debt. The lowest was 22.06. And the median was 36.65.

ASX:KFM's Cash-to-Debt is ranked better than
53.94% of 2653 companies
in the Metals & Mining industry
Industry Median: 17.77 vs ASX:KFM: 33.45

Kingfisher Mining Cash-to-Debt Historical Data

The historical data trend for Kingfisher Mining'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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Kingfisher Mining Cash-to-Debt Chart

Kingfisher Mining Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

No Debt

36.65

22.06

43.32

Kingfisher Mining Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial			29.40	22.06	50.93	43.32	33.45

Competitive Comparison of Kingfisher Mining's Cash-to-Debt

For the Other Precious Metals & Mining subindustry, Kingfisher Mining'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.

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

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

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

Kingfisher Mining 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.

Kingfisher Mining'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)
	=	3.379	/	(0.024	+	0.054)
	=	43.32

Kingfisher Mining'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)
	=	2.007	/	(0.024	+	0.036)
	=	33.45

Kingfisher Mining (ASX:KFM) 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.

Kingfisher Mining Cash-to-Debt Related Terms

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Kingfisher Mining (ASX:KFM) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

Unit 2, 106 Robinson Avenue, Belmont, WA, AUS, 6104

Website

https://www.kingfishermining.com.au

Kingfisher Mining Ltd is a mineral exploration company. The company acquires, develops, and explores mineral resource projects throughout Western Australia. The project portfolio includes Boolaloo, Mick Well, Kingfisher, and Arthur River projects. The company operates in one business segment which is the exploration for minerals and in one geographic segment, Australia.

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