Anson Resources (ASX:ASN) Cash-to-Debt : 17.59 (As of Dec. 2023)

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What is Anson 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. Anson Resources's cash to debt ratio for the quarter that ended in Dec. 2023 was 17.59.

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

ASX:ASN' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.79 Med: 67.98 Max: No Debt
Current: 17.59

During the past 13 years, Anson Resources's highest Cash to Debt Ratio was No Debt. The lowest was 0.79. And the median was 67.98.

ASX:ASN's Cash-to-Debt is ranked worse than
50.47% of 2639 companies
in the Metals & Mining industry
Industry Median: 18.42 vs ASX:ASN: 17.59

Anson Resources Cash-to-Debt Historical Data

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

Anson Resources Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

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7.89

0.79

2.93

4.83

26.18

Anson Resources Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															8.63	4.83	75.27	26.18	17.59

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

For the Other Industrial Metals & Mining subindustry, Anson 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.

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

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

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

Anson 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.

Anson 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)
	=	38.645	/	(0.458	+	1.018)
	=	26.18

Anson 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)
	=	22.467	/	(0.473	+	0.804)
	=	17.59

Anson Resources (ASX:ASN) 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.

Anson Resources Cash-to-Debt Related Terms

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

Anson Resources (ASX:ASN) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

ANSNF:USA 9MY:Germany

Address

10 Eagle Street, Level 3, Brisbane, QLD, AUS, 4000

Website

https://www.ansonresources.com

Anson Resources Ltd is an Australian based company focusing on the exploration, acquisition, and development of natural resources. It explores for lithium, bromine, iodine, boron chemicals, zinc, lead, silver, graphite, gold, and nickel-cobalt laterites. Its projects include Paradox Brine Project, Yellow Cat Project, Ajana Project, Bull Nickel-Copper-PGE Project, and Hooley Wells Nickel-Cobalt Laterite Project.

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