Cosmos Exploration (ASX:C1X) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is Cosmos Exploration 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. Cosmos Exploration's cash to debt ratio for the quarter that ended in Dec. 2023 was No Debt ⁽¹⁾.

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, Cosmos Exploration could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

(1) 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.

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

ASX:C1X' s Cash-to-Debt Range Over the Past 10 Years
Min: No Debt Med: No Debt Max: No Debt
Current: No Debt

During the past 3 years, Cosmos Exploration's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

ASX:C1X's Cash-to-Debt is ranked better than
99.96% of 2606 companies
in the Metals & Mining industry
Industry Median: 17.89 vs ASX:C1X: No Debt

Cosmos Exploration Cash-to-Debt Historical Data

The historical data trend for Cosmos Exploration'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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Cosmos Exploration Cash-to-Debt Chart

Cosmos Exploration Annual Data

Trend

Jun22

Jun23

Jun24

Cash-to-Debt

No Debt

Cosmos Exploration Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Cash-to-Debt	Get a 7-Day Free Trial			No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Cosmos Exploration's Cash-to-Debt

For the Other Precious Metals & Mining subindustry, Cosmos Exploration'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.

Cosmos Exploration's Cash-to-Debt Distribution in the Metals & Mining Industry

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

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

Cosmos Exploration 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.

Cosmos Exploration's Cash to Debt Ratio for the fiscal year that ended in Jun. 2024 is calculated as:

Cosmos Exploration had no debt ⁽¹⁾.

Cosmos Exploration's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Cosmos Exploration had no debt ⁽¹⁾.

Cosmos Exploration (ASX:C1X) 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.

Cosmos Exploration Cash-to-Debt Related Terms

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

Cosmos Exploration Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Cosmos Exploration Ltd (ASX:C1X) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

338 Barker Road, Level 1, Subiaco, WA, AUS, 6008

Website

https://www.cosmosx.com.au

Cosmos Exploration Ltd is focused on exploring gold, copper, and nickel deposits in Australia. Its portfolio includes the Fenix Project, the Orange East Project in NSW and the Byro East Project in WA.

Cosmos Exploration Headlines

No Headlines

Cosmos Exploration (ASX:C1X) Cash-to-Debt : No Debt (1) (As of Dec. 2023)