Tambourah Metals (ASX:TMB) Cash-to-Debt : 28.56 (As of Dec. 2023)

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What is Tambourah Metals 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. Tambourah Metals's cash to debt ratio for the quarter that ended in Dec. 2023 was 28.56.

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, Tambourah Metals could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

ASX:TMB' s Cash-to-Debt Range Over the Past 10 Years
Min: 18.58 Med: No Debt Max: No Debt
Current: 28.56

During the past 2 years, Tambourah Metals's highest Cash to Debt Ratio was No Debt. The lowest was 18.58. And the median was No Debt.

ASX:TMB's Cash-to-Debt is ranked better than
53.09% of 2641 companies
in the Metals & Mining industry
Industry Median: 18.3 vs ASX:TMB: 28.56

Tambourah Metals Cash-to-Debt Historical Data

The historical data trend for Tambourah Metals'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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Tambourah Metals Cash-to-Debt Chart

Tambourah Metals Annual Data

Trend

Jun22

Jun23

Cash-to-Debt

No Debt

18.58

Tambourah Metals Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	No Debt	No Debt	No Debt	18.58	28.56

Competitive Comparison of Tambourah Metals's Cash-to-Debt

For the Gold subindustry, Tambourah Metals'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.

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

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

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

Tambourah Metals 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.

Tambourah Metals's Cash to Debt Ratio for the fiscal year that ended in Jun. 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)
	=	2.62	/	(0.051	+	0.09)
	=	18.58

Tambourah Metals's Cash to Debt Ratio for the quarter that ended in Dec. 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)
	=	3.313	/	(0.053	+	0.063)
	=	28.56

Tambourah Metals (ASX:TMB) 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.

Tambourah Metals Cash-to-Debt Related Terms

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Tambourah Metals (ASX:TMB) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

Level 2/10 Ord Street, Unit 2, West Perth, Perth, WA, AUS, 6005

Website

https://www.tambourahmetals.com.au

Tambourah Metals Ltd develops high-quality gold and nickel projects. It has two gold projects including Tambourah and Cheela, and two Nickel-PGE-Gold projects including Achilles and Julimar North and others The firm has organised its operations into two reportable segments on the basis of stage of development being Development assets and Exploration and evaluation assets.

Tambourah Metals (ASX:TMB) Headlines

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