Arafura Rare Earths (ASX:ARU) Cash-to-Debt : 11.21 (As of Dec. 2023)

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What is Arafura Rare Earths 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. Arafura Rare Earths's cash to debt ratio for the quarter that ended in Dec. 2023 was 11.21.

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, Arafura Rare Earths 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 Arafura Rare Earths's Cash-to-Debt or its related term are showing as below:

ASX:ARU' s Cash-to-Debt Range Over the Past 10 Years
Min: 52.07 Med: 5039.4 Max: No Debt
Current: 56.23

During the past 13 years, Arafura Rare Earths's highest Cash to Debt Ratio was No Debt. The lowest was 52.07. And the median was 5039.40.

ASX:ARU's Cash-to-Debt is ranked better than
56.58% of 2593 companies
in the Metals & Mining industry
Industry Median: 17.79 vs ASX:ARU: 56.23

Arafura Rare Earths Cash-to-Debt Historical Data

The historical data trend for Arafura Rare Earths'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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Arafura Rare Earths Cash-to-Debt Chart

Arafura Rare Earths Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Cash-to-Debt

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53.96

56.48

52.07

78.81

56.23

Arafura Rare Earths Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Cash-to-Debt	Get a 7-Day Free Trial															52.07	365.04	78.81	11.21	56.23

Competitive Comparison of Arafura Rare Earths's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, Arafura Rare Earths'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.

Arafura Rare Earths's Cash-to-Debt Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Arafura Rare Earths's Cash-to-Debt falls into.

Arafura Rare Earths 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.

Arafura Rare Earths'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)
	=	42.17	/	(0.497	+	0.253)
	=	56.23

Arafura Rare Earths'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)
	=	66.94	/	(3.752	+	2.221)
	=	11.21

Arafura Rare Earths (ASX:ARU) 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.

Arafura Rare Earths Cash-to-Debt Related Terms

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Arafura Rare Earths Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Arafura Rare Earths Ltd (ASX:ARU) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

ARAFF:USA REB:Germany REB:Germany REB:Germany

Address

432 Murray Street, Level 6, Perth, WA, AUS, 6000

Website

https://www.arultd.com

Arafura Rare Earths Ltd is engaged in mineral exploration, definition, and development of Neodymium-Praseodymium oxide and Mixed middle-heavy rare earth oxide products, mining and associated infrastructure, social and environmental feasibility evaluations, and Nolans Project engineering studies. Its products are used in catalytic converters in automobiles, consumer electronics, energy-efficiency lighting, optics, super alloys, advanced ceramics, and high-strength magnets.