Cosmo Metals (ASX:CMO) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is Cosmo Metals 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. Cosmo Metals'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, Cosmo Metals 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 Cosmo Metals's Cash-to-Debt or its related term are showing as below:

ASX:CMO' 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 1 years, Cosmo Metals's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

ASX:CMO's Cash-to-Debt is ranked better than
99.92% of 2642 companies
in the Metals & Mining industry
Industry Median: 18.42 vs ASX:CMO: No Debt

Cosmo Metals Cash-to-Debt Historical Data

The historical data trend for Cosmo Metals'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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Cosmo Metals Cash-to-Debt Chart

Cosmo Metals Annual Data

Trend

Jun23

Cash-to-Debt

No Debt

Cosmo Metals Semi-Annual Data
	Dec22	Jun23	Dec23
Cash-to-Debt	No Debt	No Debt	No Debt

Competitive Comparison of Cosmo Metals's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, Cosmo Metals'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.

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

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

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

Cosmo Metals 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.

Cosmo Metals's Cash to Debt Ratio for the fiscal year that ended in Jun. 2023 is calculated as:

Cosmo Metals had no debt ⁽¹⁾.

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

Cosmo Metals had no debt ⁽¹⁾.

Cosmo Metals (ASX:CMO) 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.

Cosmo Metals Cash-to-Debt Related Terms

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