Peel Mining (ASX:PEX) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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

ASX:PEX' 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 13 years, Peel Mining's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

ASX:PEX's Cash-to-Debt is ranked better than
99.92% of 2642 companies
in the Metals & Mining industry
Industry Median: 18.42 vs ASX:PEX: No Debt

Peel Mining Cash-to-Debt Historical Data

The historical data trend for Peel 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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Peel Mining Cash-to-Debt Chart

Peel Mining Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

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No Debt

Peel Mining Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	No Debt	No Debt	No Debt	No Debt

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

For the Other Industrial Metals & Mining subindustry, Peel 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.

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

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

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

Peel 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.

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

Peel Mining had no debt ⁽¹⁾.

Peel Mining's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Peel Mining had no debt ⁽¹⁾.

Peel Mining (ASX:PEX) 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.

Peel Mining Cash-to-Debt Related Terms

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Peel Mining (ASX:PEX) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

W5E:Germany

Address

34 Kings Park Road, Unit 1, West Perth, Perth, WA, AUS, 6005

Website

https://www.peelmining.com.au

Peel Mining Ltd is an Australian company focused on exploring and developing precious, base, and specialty metals resources in New South Wales. The company operates through mineral exploration and development in New South Wales segment. Its projects include Mallee bull, South Cobar, Superbasin Project, May Day and Wagga Tank Project.

Peel Mining (ASX:PEX) Cash-to-Debt : No Debt (1) (As of Dec. 2023)