Alvo Minerals (ASX:ALV) Cash-to-Debt : 45.44 (As of Jun. 2023)

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What is Alvo Minerals 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. Alvo Minerals's cash to debt ratio for the quarter that ended in Jun. 2023 was 45.44.

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, Alvo Minerals could pay off its debt using the cash in hand for the quarter that ended in Jun. 2023.

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

ASX:ALV' s Cash-to-Debt Range Over the Past 10 Years
Min: 10.42 Med: 53 Max: 202.23
Current: 53

During the past 3 years, Alvo Minerals's highest Cash to Debt Ratio was 202.23. The lowest was 10.42. And the median was 53.00.

ASX:ALV's Cash-to-Debt is ranked better than
56.9% of 2652 companies
in the Metals & Mining industry
Industry Median: 17.74 vs ASX:ALV: 53.00

Alvo Minerals Cash-to-Debt Historical Data

The historical data trend for Alvo Minerals'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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Alvo Minerals Cash-to-Debt Chart

Alvo Minerals Annual Data

Trend

Dec21

Dec22

Dec23

Cash-to-Debt

202.23

10.42

53.00

Alvo Minerals Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	202.23	No Debt	10.42	45.44	53.00

Competitive Comparison of Alvo Minerals's Cash-to-Debt

For the Other Precious Metals & Mining subindustry, Alvo Minerals'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.

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

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

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

Alvo Minerals 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.

Alvo Minerals'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)
	=	1.696	/	(0.032	+	0)
	=	53.00

Alvo Minerals's Cash to Debt Ratio for the quarter 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)
	=	2.499	/	(0.038	+	0.017)
	=	45.44

Alvo Minerals (ASX:ALV) 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.

Alvo Minerals Cash-to-Debt Related Terms

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Alvo Minerals (ASX:ALV) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

96-100 Albert Road, Level 4, South Melbourne, VIC, AUS, 3205

Website

https://www.alvo.com.au

Alvo Minerals Ltd is an active critical minerals exploration company operating in the under-explored Palmeiropolis region of central Brazil. Alvo holds the Bluebush HREE Project and the Palma Cu-Zn VMS Project.