Ora Gold (ASX:OAU) Cash-to-Debt : No Debt ⁽¹⁾ (As of Mar. 2023)

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

ASX:OAU' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.03 Med: 5006.98 Max: No Debt
Current: 13.96

During the past 13 years, Ora Gold's highest Cash to Debt Ratio was No Debt. The lowest was 0.03. And the median was 5006.98.

ASX:OAU's Cash-to-Debt is ranked worse than
51.91% of 2641 companies
in the Metals & Mining industry
Industry Median: 18.3 vs ASX:OAU: 13.96

Ora Gold Cash-to-Debt Historical Data

The historical data trend for Ora Gold'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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Ora Gold Cash-to-Debt Chart

Ora Gold Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Cash-to-Debt

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0.15

0.63

0.07

0.03

13.96

Ora Gold Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial															0.07	0.17	0.03	No Debt	13.96

Competitive Comparison of Ora Gold's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, Ora Gold'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.

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

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

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

Ora Gold 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.

Ora Gold's Cash to Debt Ratio for the fiscal year that ended in Sep. 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)
	=	2.303	/	(0.054	+	0.111)
	=	13.96

Ora Gold's Cash to Debt Ratio for the quarter that ended in Mar. 2023 is calculated as:

Ora Gold had no debt ⁽¹⁾.

Ora Gold (ASX:OAU) 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.

Ora Gold Cash-to-Debt Related Terms

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

Ora Gold (ASX:OAU) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

TJ3:Germany

Address

5 Ord Street, Level 2, Suite 8, West Perth, WA, AUS, 6005

Website

https://www.ora.gold

Ora Gold Ltd is engaged in the mineral exploration industry in Australia. The company projects include Garden Gully; Red Bore and Keller Creek in Western Australia. The Garden Gully Gold Project represents an excellent opportunity for the discovery of a new gold camp in a region that has an established track record of hosting such occurrences.

Ora Gold (ASX:OAU) Headlines

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Ora Gold (ASX:OAU) Cash-to-Debt : No Debt (1) (As of Mar. 2023)