Bastion Minerals (ASX:BMO) Cash-to-Debt : 1.00 (As of Jun. 2024)

View and export this data going back to 2021. Start your Free Trial

What is Bastion 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. Bastion Minerals's cash to debt ratio for the quarter that ended in Jun. 2024 was 1.00.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Bastion Minerals couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2024.

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

ASX:BMO' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.55 Med: 1.63 Max: 13.8
Current: 1

During the past 3 years, Bastion Minerals's highest Cash to Debt Ratio was 13.80. The lowest was 0.55. And the median was 1.63.

ASX:BMO's Cash-to-Debt is ranked worse than
68.02% of 2605 companies
in the Metals & Mining industry
Industry Median: 17.81 vs ASX:BMO: 1.00

Bastion Minerals Cash-to-Debt Historical Data

The historical data trend for Bastion 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.

* Premium members only.

Bastion Minerals Cash-to-Debt Chart

Bastion Minerals Annual Data

Trend

Dec21

Dec22

Dec23

Cash-to-Debt

3.39

0.55

2.88

Bastion Minerals Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Cash-to-Debt	Get a 7-Day Free Trial			1.63	0.55	0.61	2.88	1.00

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

For the Other Precious Metals & Mining subindustry, Bastion 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.

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

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

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

Bastion 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.

Bastion 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)
	=	1.032	/	(0.171	+	0.187)
	=	2.88

Bastion Minerals's Cash to Debt Ratio for the quarter 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)
	=	0.331	/	(0.145	+	0.187)
	=	1.00

Bastion Minerals (ASX:BMO) 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.

Bastion Minerals Cash-to-Debt Related Terms

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

Bastion Minerals Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

J57:Germany

Address

22 Pitt Street, Level 6, Sydney, NSW, AUS, 2000

Website

https://www.bastionminerals.com

Bastion Minerals Ltd is an early-stage exploration company focused on Copper, Lithium & Green metals. Its exploration projects includes Cometa Copper Project, Canadian Lithium Project, Gyttorp REE Project, Battery Metals Projects, Western Australia.