Waratah Minerals (ASX:WTM) Cash-to-Debt : 1,714.67 (As of Jun. 2023)

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What is Waratah Minerals 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. Waratah Minerals's cash to debt ratio for the quarter that ended in Jun. 2023 was 1,714.67.

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, Waratah Minerals could pay off its debt using the cash in hand for the quarter that ended in Jun. 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 Waratah Minerals's Cash-to-Debt or its related term are showing as below:

ASX:WTM' s Cash-to-Debt Range Over the Past 10 Years
Min: 20.07 Med: No Debt Max: No Debt
Current: 1243.33

During the past 11 years, Waratah Minerals's highest Cash to Debt Ratio was No Debt. The lowest was 20.07. And the median was No Debt.

ASX:WTM's Cash-to-Debt is ranked better than
65.38% of 2643 companies
in the Metals & Mining industry
Industry Median: 18.42 vs ASX:WTM: 1243.33

Waratah Minerals Cash-to-Debt Historical Data

The historical data trend for Waratah Minerals'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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Waratah Minerals Cash-to-Debt Chart

Waratah Minerals Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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No Debt

20.07

57.75

No Debt

Waratah Minerals Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															20.07	No Debt	57.75	1,714.67	No Debt

Competitive Comparison of Waratah Minerals's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, Waratah Minerals'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.

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

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

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

Waratah Minerals 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.

Waratah Minerals's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Waratah Minerals had no debt ⁽¹⁾.

Waratah Minerals's Cash to Debt Ratio for the quarter 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)
	=	5.144	/	(0.003	+	0)
	=	1,714.67

Waratah Minerals (ASX:WTM) 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.

Waratah Minerals Cash-to-Debt Related Terms

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Waratah Minerals (ASX:WTM) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

BTRYF:USA 0FS0:Germany

Address

72 Kings Park Road, Ground Floor, West Perth, WA, AUS, 6005

Website

https://www.batteryminerals.com

Battery Minerals Ltd engages in the exploration of mineral properties. The company has two reportable segments which are Mozambique which comprises mineral exploration and evaluation and mine development activities, and Australia which comprises mineral exploration and evaluation, investing activities, and corporate management. The company has various projects including the Stavely-Stawell project, the Azura project in Australia, the Montepuez Graphite project, and the Balama Central project in Mozambique.