AVZ Minerals (ASX:AVZ) Cash-to-Debt : 6.31 (As of Dec. 2023)

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What is AVZ 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. AVZ Minerals's cash to debt ratio for the quarter that ended in Dec. 2023 was 6.31.

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

ASX:AVZ' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.37 Med: No Debt Max: No Debt
Current: 6.31

During the past 13 years, AVZ Minerals's highest Cash to Debt Ratio was No Debt. The lowest was 0.37. And the median was No Debt.

ASX:AVZ's Cash-to-Debt is not ranked
in the Metals & Mining industry.
Industry Median: 18.37 vs ASX:AVZ: 6.31

AVZ Minerals Cash-to-Debt Historical Data

The historical data trend for AVZ 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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AVZ Minerals Cash-to-Debt Chart

AVZ Minerals Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

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No Debt

114.53

0.37

44.29

16.57

AVZ Minerals 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															5,870.39	44.29	29.02	16.57	6.31

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

For the Other Industrial Metals & Mining subindustry, AVZ 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.

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

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

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

AVZ 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.

AVZ Minerals'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)
	=	18.95	/	(0.268	+	0.876)
	=	16.56

AVZ Minerals'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)
	=	6.396	/	(0.277	+	0.737)
	=	6.31

AVZ Minerals (ASX:AVZ) 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.

AVZ Minerals Cash-to-Debt Related Terms

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AVZ Minerals (ASX:AVZ) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Walker Avenue, Level 2, West Perth, Perth, WA, AUS, 6005

Website

https://www.avzminerals.com.au

AVZ Minerals Ltd is an Australia-based mineral exploration company. It explores and develops iron ore, base metals, and rare earth metals blocks in Namibia. The company holds an interest in the Manono Extension lithium, tin, and tantalum project located in the southern Democratic Republic of Congo (DRC).

AVZ Minerals (ASX:AVZ) Headlines

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