Australasian Metals (ASX:A8G) Cash-to-Debt : 220.00 (As of Dec. 2023)

View and export this data going back to 2021. Start your Free Trial

What is Australasian Metals 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. Australasian Metals's cash to debt ratio for the quarter that ended in Dec. 2023 was 220.00.

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

ASX:A8G' s Cash-to-Debt Range Over the Past 10 Years
Min: 128.7 Med: 154.47 Max: 873.83
Current: 220

During the past 4 years, Australasian Metals's highest Cash to Debt Ratio was 873.83. The lowest was 128.70. And the median was 154.47.

ASX:A8G's Cash-to-Debt is ranked better than
62.78% of 2641 companies
in the Metals & Mining industry
Industry Median: 18.3 vs ASX:A8G: 220.00

Australasian Metals Cash-to-Debt Historical Data

The historical data trend for Australasian Metals'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.

* Premium members only.

Australasian Metals Cash-to-Debt Chart

Australasian Metals Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

441.54

873.83

128.70

167.83

Australasian Metals Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial			141.10	128.70	135.55	167.83	220.00

Competitive Comparison of Australasian Metals's Cash-to-Debt

For the Gold subindustry, Australasian Metals'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.

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

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

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

Australasian Metals 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.

Australasian Metals'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)
	=	4.028	/	(0.018	+	0.006)
	=	167.83

Australasian Metals'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)
	=	3.52	/	(0.016	+	0)
	=	220.00

Australasian Metals (ASX:A8G) 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.

Australasian Metals Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Australasian Metals's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Australasian Metals (ASX:A8G) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Australasian Metals Ltd (ASX:A8G) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

123B Colin Street, Unit 34, Level 5, West Perth, Perth, WA, AUS, 6008

Website

https://www.australasiangold.com

Australasian Metals Ltd is a gold and lithium exploration company focused on projects in Australia. It holds three projects namely May Queen gold project, Mt Clermont gold project, the Fairview gold project, and the Mt Peake Lithium Project.

Australasian Metals (ASX:A8G) Headlines

No Headlines