Avocet Resources (FRA:U3O) Cash-to-Debt : No Debt ⁽¹⁾ (As of Jun. 2013)

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What is Avocet Resources 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. Avocet Resources's cash to debt ratio for the quarter that ended in Jun. 2013 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, Avocet Resources could pay off its debt using the cash in hand for the quarter that ended in Jun. 2013.

(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 Avocet Resources's Cash-to-Debt or its related term are showing as below:

FRA:U3O's Cash-to-Debt is not ranked ^*
in the Metals & Mining industry.
Industry Median: 18.42
* Ranked among companies with meaningful Cash-to-Debt only.

Avocet Resources Cash-to-Debt Historical Data

The historical data trend for Avocet Resources'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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Avocet Resources Cash-to-Debt Chart

Avocet Resources Annual Data

Trend

Jun06

Jun07

Jun08

Jun09

Jun10

Jun11

Jun12

Cash-to-Debt

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13.93

16.90

17.68

22.51

47.46

Avocet Resources Quarterly Data
	Dec06	Jun07	Dec07	Jun08	Dec08	Jun09	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13
Cash-to-Debt	Get a 7-Day Free Trial									22.51	No Debt	47.46	No Debt	No Debt

Competitive Comparison of Avocet Resources's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, Avocet Resources'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.

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

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

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

Avocet Resources 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.

Avocet Resources's Cash to Debt Ratio for the fiscal year that ended in Jun. 2012 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)
	=	3.702	/	(0.068	+	0.01)
	=	47.46

Avocet Resources's Cash to Debt Ratio for the quarter that ended in Jun. 2013 is calculated as:

Avocet Resources had no debt ⁽¹⁾.

Avocet Resources (FRA:U3O) 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.

Avocet Resources Cash-to-Debt Related Terms

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Avocet Resources (FRA:U3O) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Avocet Resources Ltd (FRA:U3O) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.U308.com.au

Avocet Resources Ltd is a uranium exploration company with projects in Western Australia, Queensland and South Australia. The Company holds a portfolio with 25 tenements in Western Australia, one in South Australia and a further five in Queensland.

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Avocet Resources (FRA:U3O) Cash-to-Debt : No Debt (1) (As of Jun. 2013)