ASMMF (Australian Strategic Materials) Cash-to-Debt : 2.82 (As of Jun. 2024)

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What is Australian Strategic Materials 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. Australian Strategic Materials's cash to debt ratio for the quarter that ended in Jun. 2024 was 2.82.

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, Australian Strategic Materials could pay off its debt using the cash in hand for the quarter that ended in Jun. 2024.

The historical rank and industry rank for Australian Strategic Materials's Cash-to-Debt or its related term are showing as below:

ASMMF' s Cash-to-Debt Range Over the Past 10 Years
Min: 2.82 Med: 3.34 Max: No Debt
Current: 2.82

During the past 4 years, Australian Strategic Materials's highest Cash to Debt Ratio was No Debt. The lowest was 2.82. And the median was 3.34.

ASMMF's Cash-to-Debt is ranked worse than
61.23% of 2605 companies
in the Metals & Mining industry
Industry Median: 17.97 vs ASMMF: 2.82

Australian Strategic Materials Cash-to-Debt Historical Data

The historical data trend for Australian Strategic Materials'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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Australian Strategic Materials Cash-to-Debt Chart

Australian Strategic Materials Annual Data

Trend

Jun21

Jun22

Jun23

Jun24

Cash-to-Debt

No Debt

3.49

3.20

2.82

Australian Strategic Materials Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Cash-to-Debt	Get a 7-Day Free Trial				3.49	3.94	3.20	2.59	2.82

Competitive Comparison of Australian Strategic Materials's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, Australian Strategic Materials'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.

Australian Strategic Materials's Cash-to-Debt Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Australian Strategic Materials's Cash-to-Debt falls into.

Australian Strategic Materials 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.

Australian Strategic Materials's Cash to Debt Ratio for the fiscal year that ended in Jun. 2024 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)
	=	31.608	/	(10.977	+	0.215)
	=	2.82

Australian Strategic Materials's Cash to Debt Ratio for the quarter that ended in Jun. 2024 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)
	=	31.608	/	(10.977	+	0.215)
	=	2.82

Australian Strategic Materials (OTCPK:ASMMF) 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.

Australian Strategic Materials Cash-to-Debt Related Terms

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Australian Strategic Materials Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Australian Strategic Materials Ltd (OTCPK:ASMMF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

ASM:Australia

Address

66 Kings Park Road, Level 4, West Perth, Perth, WA, AUS, 6005

Website

https://www.asm-au.com

Australian Strategic Materials Ltd is engaged in the business of producing and mining specialty metal and oxides. The product portfolio includes neodymium, praseodymium, zirconium, hafnium, dysprosium, terbium and niobium oxides. Its Dubbo Project includes Central Western New South Wales, Australia. The company's segment includes Corporate, Dubbo, and Korea. The company generates majority of its revenue from Korea, which includes the Korean Metals Plant.

Australian Strategic Materials Headlines

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