Unico Silver (ASX:USL) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is Unico Silver 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. Unico Silver'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, Unico Silver 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 Unico Silver's Cash-to-Debt or its related term are showing as below:

ASX:USL' s Cash-to-Debt Range Over the Past 10 Years
Min: 30.33 Med: No Debt Max: No Debt
Current: 36.09

During the past 7 years, Unico Silver's highest Cash to Debt Ratio was No Debt. The lowest was 30.33. And the median was No Debt.

ASX:USL's Cash-to-Debt is ranked better than
54.27% of 2646 companies
in the Metals & Mining industry
Industry Median: 18.395 vs ASX:USL: 36.09

Unico Silver Cash-to-Debt Historical Data

The historical data trend for Unico Silver'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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Unico Silver Cash-to-Debt Chart

Unico Silver Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

Get a 7-Day Free Trial

146.19

No Debt

52.09

49.90

Unico Silver Semi-Annual Data
	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial									30.33	52.09	44.06	49.90	No Debt

Competitive Comparison of Unico Silver's Cash-to-Debt

For the Silver subindustry, Unico Silver'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.

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

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

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

Unico Silver 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.

Unico Silver'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)
	=	8.532	/	(0.048	+	0.123)
	=	49.89

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

Unico Silver had no debt ⁽¹⁾.

Unico Silver (ASX:USL) 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.

Unico Silver Cash-to-Debt Related Terms

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

Unico Silver (ASX:USL) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

100 Pirie Street, Level 3, Adelaide, SA, AUS, 5000

Website

https://www.unicosilver.com.au

Unico Silver Ltd is a growth-orientated silver development company. Its flagship Cerro Leon project is located in the mining friendly Santa Cruz province of Argentina.

Unico Silver (ASX:USL) Headlines

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Unico Silver (ASX:USL) Cash-to-Debt : No Debt (1) (As of Dec. 2023)