Richmond Vanadium Technology (ASX:RVT) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is Richmond Vanadium Technology 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. Richmond Vanadium Technology'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, Richmond Vanadium Technology 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 Richmond Vanadium Technology's Cash-to-Debt or its related term are showing as below:

ASX:RVT' 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 2 years, Richmond Vanadium Technology's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

ASX:RVT's Cash-to-Debt is ranked better than
99.92% of 2641 companies
in the Metals & Mining industry
Industry Median: 18.3 vs ASX:RVT: No Debt

Richmond Vanadium Technology Cash-to-Debt Historical Data

The historical data trend for Richmond Vanadium Technology'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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Richmond Vanadium Technology Cash-to-Debt Chart

Richmond Vanadium Technology Annual Data

Trend

Jun22

Jun23

Cash-to-Debt

No Debt

Richmond Vanadium Technology Semi-Annual Data
	Dec22	Jun23	Dec23
Cash-to-Debt	No Debt	No Debt	No Debt

Competitive Comparison of Richmond Vanadium Technology's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, Richmond Vanadium Technology'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.

Richmond Vanadium Technology's Cash-to-Debt Distribution in the Metals & Mining Industry

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

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

Richmond Vanadium Technology 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.

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

Richmond Vanadium Technology had no debt ⁽¹⁾.

Richmond Vanadium Technology's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Richmond Vanadium Technology had no debt ⁽¹⁾.

Richmond Vanadium Technology (ASX:RVT) 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.

Richmond Vanadium Technology Cash-to-Debt Related Terms

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Richmond Vanadium Technology (ASX:RVT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Richmond Vanadium Technology Ltd (ASX:RVT) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

251 Adelaide Terrace, Level 11, Perth, WA, AUS, 6000

Website

https://www.richmondvanadium.com.au

Richmond Vanadium Technology Ltd is an Australian minerals exploration company advancing its Richmond Vanadium Project in north Queensland. The Richmond-Julia Creek Vanadium Project is the non-titanomagnetite vanadium deposit of its kind (soft marine sediments) globally and can produce a supply of vanadium for the steel and emerging energy storage markets. The project involves the development of an open cut, free dig vanadium mining operation producing vanadium pentoxide (V2O5) concentrate from the ore reserve.