Brazilian Rare Earths (ASX:BRE) Cash-to-Debt : 93.18 (As of Jun. 2023)

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What is Brazilian 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. Brazilian Rare Earths's cash to debt ratio for the quarter that ended in Jun. 2023 was 93.18.

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, Brazilian Rare Earths could pay off its debt using the cash in hand for the quarter that ended in Jun. 2023.

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

ASX:BRE' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.05 Med: 2.8 Max: 4.55
Current: 4.55

During the past 2 years, Brazilian Rare Earths's highest Cash to Debt Ratio was 4.55. The lowest was 1.05. And the median was 2.80.

ASX:BRE's Cash-to-Debt is ranked worse than
58.48% of 2652 companies
in the Metals & Mining industry
Industry Median: 17.74 vs ASX:BRE: 4.55

Brazilian Rare Earths Cash-to-Debt Historical Data

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

Brazilian Rare Earths Annual Data

Trend

Dec22

Dec23

Cash-to-Debt

1.05

4.55

Brazilian Rare Earths Semi-Annual Data
	Dec22	Jun23	Dec23
Cash-to-Debt	1.05	93.18	4.55

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

For the Other Precious Metals & Mining subindustry, Brazilian 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.

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

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

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

Brazilian 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.

Brazilian Rare Earths'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)
	=	48.844	/	(7.33	+	3.413)
	=	4.55

Brazilian Rare Earths's Cash to Debt Ratio for the quarter 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)
	=	48.918	/	(0.525	+	0)
	=	93.18

Brazilian Rare Earths (ASX:BRE) 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.

Brazilian Rare Earths Cash-to-Debt Related Terms

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Brazilian Rare Earths (ASX:BRE) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

X84:Germany

Address

11-15 Labouchere Road, Suite 53, Level 2, South Perth, WA, AUS, 6151

Website

https://www.brazilianrareearths.com

Brazilian Rare Earths Ltd is an Australian-based company focused on exploring rare earth elements and other critical minerals in Brazil. The company owns and operates a district-scale Tier One Rare Earths Province, located in North Eastern Brazil. The company has a project named Rocha da Rocha Critical Minerals which represents one of the exciting critical minerals discoveries globally.

Brazilian Rare Earths (ASX:BRE) Headlines

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