Southern Cross Gold (ASX:SXG) Cash-to-Debt : No Debt ⁽¹⁾ (As of Nov. 2023)

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

ASX:SXG' s Cash-to-Debt Range Over the Past 10 Years
Min: 33.13 Med: No Debt Max: No Debt
Current: 33.13

During the past 1 years, Southern Cross Gold's highest Cash to Debt Ratio was No Debt. The lowest was 33.13. And the median was No Debt.

ASX:SXG's Cash-to-Debt is ranked better than
53.74% of 2646 companies
in the Metals & Mining industry
Industry Median: 18.395 vs ASX:SXG: 33.13

Southern Cross Gold Cash-to-Debt Historical Data

The historical data trend for Southern Cross 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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Southern Cross Gold Cash-to-Debt Chart

Southern Cross Gold Annual Data

Trend

May23

Cash-to-Debt

63.28

Southern Cross Gold Semi-Annual Data
	Dec21	Nov22	May23	Nov23
Cash-to-Debt	No Debt	No Debt	63.28	No Debt

Competitive Comparison of Southern Cross Gold's Cash-to-Debt

For the Gold subindustry, Southern Cross 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.

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

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

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

Southern Cross 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.

Southern Cross Gold's Cash to Debt Ratio for the fiscal year that ended in May. 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)
	=	15.187	/	(0.06	+	0.18)
	=	63.28

Southern Cross Gold's Cash to Debt Ratio for the quarter that ended in Nov. 2023 is calculated as:

Southern Cross Gold had no debt ⁽¹⁾.

Southern Cross Gold (ASX:SXG) 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.

Southern Cross Gold Cash-to-Debt Related Terms

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

Southern Cross Gold (ASX:SXG) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

459 Collins Street, Level 21, Melbourne, VIC, AUS, 3000

Website

https://www.southerncrossgold.com.au

Southern Cross Gold Ltd is a mining exploration company focused on gold exploration with projects in Victoria and Queensland, Australia. Its projects include Sunday Creek, Whroo, Redcastle, and Mt Isa.

Southern Cross Gold (ASX:SXG) Headlines

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Southern Cross Gold (ASX:SXG) Cash-to-Debt : No Debt (1) (As of Nov. 2023)