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CokalASX:CKA Cash-to-Debt is 0.05 as of Dec. 2025, which is 150% above its 10-year median of 0.02. The stock has 4 warning signs investors should review. Among 607 Steel companies, Cokal ranks worse than 92.09% on this metric.
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. Cokal's cash to debt ratio for the quarter that ended in Dec. 2025 was 0.05.
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, Cokalcouldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2025.
The historical rank and industry rank for Cokal's Cash-to-Debt or its related term are showing as below:
ASX:CKA'
s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0.02 Max: 0.42
Current: 0.02
During the past 13 years, Cokal's highest Cash to Debt Ratio was 0.42. The lowest was 0.00. And the median was 0.02.
ASX:CKA's Cash-to-Debt is ranked worse than 92.09% of 607
companies
in the Steel industry
Industry Median: 0.37
vs ASX:CKA: 0.02
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.
Cokal Cash-to-Debt Related Terms
Cokal Cash-to-Debt Historical Data
* Premium members only.
The historical data trend for Cokal'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.
For the Coking Coal subindustry, Cokal'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.
Cokal Cash-to-Debt vs Steel Industry
For the Steel industry and Basic Materials sector, Cokal's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where Cokal's Cash-to-Debt falls into.
* 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.
Cokal (ASX:CKA) has a Cash-to-Debt of 0.05 as of Dec. 2025. This is 150% above median its historical median of 0.02. According to the industry distribution chart, Cokal ranks #559 out of 607 companies in the Steel industry, placing it in the top 92.1%.
Is Cokal's Cash-to-Debt too high?
Cokal's current Cash-to-Debt of 0.05 is 150% above median its 10-year median of 0.02. The Steel industry median Cash-to-Debt is 0.37. Cokal's value of 0.05 is 86.5% below this industry median. Based on the distribution chart, Cokal ranks #559 out of 607 companies in the Steel industry, which is in the bottom quartile relative to peers.
How does Cokal's Cash-to-Debt compare to HCC and AMR?
According to the Steel industry distribution chart, Cokal ranks #559 out of 607 companies for Cash-to-Debt. This places Cokal in the lower half of its industry. The industry median Cash-to-Debt is 0.37. Cokal's value of 0.05 is 86.5% below this benchmark. While the company's 10-year median is 0.02 vs. the industry median of 0.37, Cokal has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cash-to-Debt for a Steel company?
The median Cash-to-Debt among Steel companies is 0.37, based on 607 companies in the industry. Companies in the top quartile (top 25%) have a Cash-to-Debt significantly above this median, while those in the bottom quartile fall well below. However, Cash-to-Debt should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Cokal's current Cash-to-Debt of 0.05 is 86.5% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cash-to-Debt mean?
A high Cash-to-Debt can signal that a stock is expensive relative to its fundamentals. For the Steel industry, the median Cash-to-Debt is 0.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cokal's current Cash-to-Debt is 0.05, which is 150% above median its own 10-year median of 0.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cokal stock overvalued right now?
Cokal (ASX:CKA) has a current Cash-to-Debt of 0.05. The current Cash-to-Debt is 0.05, which is 150% above median its 10-year median of 0.02 and 86.5% below the Steel industry median of 0.37. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cash-to-Debt calculated?
Cash-to-Debt is calculated from a company's financial statements. For Cokal (ASX:CKA), the current Cash-to-Debt is 0.05 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Cokal Ltd is a coal exploration company. The principal activity of the company is the exploration of coal within the Central Kalimantan coking coal basin in Indonesia. Cokal has interests in four projects in Central Kalimantan. The firm is organized into three operating segments, which involve the exploration of coal in Indonesia, Australia, and Singapore. The majority of its revenue is derived from Indonesia.
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