ARRRF (Ardea Resources) Cash-to-Debt : 83.16 (As of Dec. 2023)

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What is Ardea 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. Ardea Resources's cash to debt ratio for the quarter that ended in Dec. 2023 was 83.16.

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

ARRRF' s Cash-to-Debt Range Over the Past 10 Years
Min: 11.93 Med: 363.12 Max: No Debt
Current: 11.93

During the past 7 years, Ardea Resources's highest Cash to Debt Ratio was No Debt. The lowest was 11.93. And the median was 363.12.

ARRRF's Cash-to-Debt is ranked worse than
52.61% of 2606 companies
in the Metals & Mining industry
Industry Median: 17.89 vs ARRRF: 11.93

Ardea Resources Cash-to-Debt Historical Data

The historical data trend for Ardea 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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Ardea Resources Cash-to-Debt Chart

Ardea Resources Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Cash-to-Debt

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82.20

108.75

78.54

69.38

11.92

Ardea Resources Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Cash-to-Debt	Get a 7-Day Free Trial									78.54	74.34	69.38	83.16	11.92

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

For the Other Industrial Metals & Mining subindustry, Ardea 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.

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

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

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

Ardea 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.

Ardea Resources'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)
	=	7.146	/	(0.063	+	0.04)
	=	69.38

Ardea Resources'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)
	=	13.139	/	(0.112	+	0.046)
	=	83.16

Ardea Resources (OTCPK:ARRRF) 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.

Ardea Resources Cash-to-Debt Related Terms

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Ardea Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Ardea Resources Ltd (OTCPK:ARRRF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

A91:Germany ARL:Australia

Address

45 Ord Street, Suite 2, West Perth, WA, AUS, 6005

Website

https://www.ardearesources.com.au

Ardea Resources Ltd is a mineral exploration company. The company is focused on cobalt, nickel, and scandium projects and gold exploration. The company holds interests in the Goongarrie Nickel-Cobalt Project, Kalgoorlie Nickel Project, and other projects.

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