Alliance Nickel (ASX:AXN) Cash-to-Debt : 53.55 (As of Dec. 2023)

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What is Alliance Nickel 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. Alliance Nickel's cash to debt ratio for the quarter that ended in Dec. 2023 was 53.55.

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

ASX:AXN' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.47 Med: No Debt Max: No Debt
Current: 45.52

During the past 13 years, Alliance Nickel's highest Cash to Debt Ratio was No Debt. The lowest was 1.47. And the median was No Debt.

ASX:AXN's Cash-to-Debt is ranked better than
55.45% of 2606 companies
in the Metals & Mining industry
Industry Median: 17.89 vs ASX:AXN: 45.52

Alliance Nickel Cash-to-Debt Historical Data

The historical data trend for Alliance Nickel'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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Alliance Nickel Cash-to-Debt Chart

Alliance Nickel Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Cash-to-Debt

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1.47

No Debt

65.75

45.52

Alliance Nickel 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															No Debt	No Debt	65.75	53.55	45.52

Competitive Comparison of Alliance Nickel's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, Alliance Nickel'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.

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

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

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

Alliance Nickel 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.

Alliance Nickel'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)
	=	1.411	/	(0.031	+	0)
	=	45.52

Alliance Nickel'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)
	=	4.016	/	(0.075	+	0)
	=	53.55

Alliance Nickel (ASX:AXN) 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.

Alliance Nickel Cash-to-Debt Related Terms

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

Alliance Nickel Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

GM90:Germany

Address

45 Stirling Highway, Level 1, Suite 1.02, Nedlands, WA, AUS, 6009

Website

https://www.alliancenickel.au

Alliance Nickel Ltd is an exploration and development company with nickel, cobalt and gold interests in Western Australia. Alliance's principal asset is its 100% owned NiWest Nickel Cobalt Project situated adjacent to Glencore's Murrin Murrin Operations. The company has completed a Pre-Feasibility Study which has confirmed the technical and economic viability of a heap leach and direct solvent extraction operation at undeveloped nickel/cobalt deposits in Australia.

Alliance Nickel Headlines

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