Persistence Resources Group (HKSE:02489) Cash-to-Debt : 19.56 (As of Dec. 2023)

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What is Persistence Resources Group 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. Persistence Resources Group's cash to debt ratio for the quarter that ended in Dec. 2023 was 19.56.

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, Persistence Resources Group 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 Persistence Resources Group's Cash-to-Debt or its related term are showing as below:

HKSE:02489' s Cash-to-Debt Range Over the Past 10 Years
Min: 6.08 Med: 8.09 Max: 19.56
Current: 19.56

During the past 4 years, Persistence Resources Group's highest Cash to Debt Ratio was 19.56. The lowest was 6.08. And the median was 8.09.

HKSE:02489's Cash-to-Debt is ranked better than
50.51% of 2647 companies
in the Metals & Mining industry
Industry Median: 18.37 vs HKSE:02489: 19.56

Persistence Resources Group Cash-to-Debt Historical Data

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

Persistence Resources Group Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

6.76

6.08

9.41

19.56

Persistence Resources Group Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial			6.08	N/A	9.41	11.67	19.56

Competitive Comparison of Persistence Resources Group's Cash-to-Debt

For the Gold subindustry, Persistence Resources Group'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.

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

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

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

Persistence Resources Group 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.

Persistence Resources Group's Cash to Debt Ratio for the fiscal year 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)
	=	641.873	/	(32.813	+	0)
	=	19.56

Persistence Resources Group'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)
	=	641.873	/	(32.813	+	0)
	=	19.56

Persistence Resources Group (HKSE:02489) 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.

Persistence Resources Group Cash-to-Debt Related Terms

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Persistence Resources Group (HKSE:02489) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Persistence Resources Group Ltd (HKSE:02489) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

199 Des Voeux Road Centra, Level 20, Infinitus Plaza, Hong Kong, HKG

Website

http://www.persistenceresource.com

Persistence Resources Group Ltd is a gold exploration, mining and processing company. It operates the Songjiagou Open-Pit Mine and Songjiagou Underground Mine in Yantai city of Shandong Province of China. The group has one reportable operating segment which is mining and processing gold that is ultimately sold as gold bullion.

Persistence Resources Group (HKSE:02489) Headlines

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