Symbol Mining (ASX:SL1) Cash-to-Debt : 0.13 (As of Jun. 2020)

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What is Symbol 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. Symbol Mining's cash to debt ratio for the quarter that ended in Jun. 2020 was 0.13.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Symbol Mining couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2020.

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

ASX:SL1's Cash-to-Debt is not ranked ^*
in the Metals & Mining industry.
Industry Median: 18.3
* Ranked among companies with meaningful Cash-to-Debt only.

Symbol Mining Cash-to-Debt Historical Data

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

Symbol Mining Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Cash-to-Debt

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No Debt

0.03

Symbol Mining Semi-Annual Data
	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20
Cash-to-Debt	Get a 7-Day Free Trial										No Debt	-	0.04	0.03	0.13

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

For the Other Industrial Metals & Mining subindustry, Symbol 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.

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

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

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

Symbol 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.

Symbol Mining's Cash to Debt Ratio for the fiscal year that ended in Dec. 2019 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)
	=	0.015	/	(0.445	+	0)
	=	0.03

Symbol Mining's Cash to Debt Ratio for the quarter that ended in Jun. 2020 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)
	=	0.07	/	(0.54	+	0)
	=	0.13

Symbol Mining (ASX:SL1) 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.

Symbol Mining Cash-to-Debt Related Terms

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Symbol Mining (ASX:SL1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Symbol Mining Ltd (ASX:SL1) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

331-335 Hay Street, Unit 6, Subiaco, WA, AUS, 6000

Website

http://www.symbolmining.com.au

Symbol Mining Ltd is a mineral exploration company. It is focused on the development and commercialization of high margin, high-grade base metals projects. The company's project profile includes Imperial Project and Tawny Project. The Imperial Project consists of three exploration licenses and three small-scale mining leases, covering approximately 510km2. The Tawny Project is located approximately 150km east/southeast of the capital Abuja in the state of Nasawarra.

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