Carnaby Resources (ASX:CNB) Cash-to-Debt : 278.88 (As of Dec. 2024)

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What is Carnaby Resources 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. Carnaby Resources's cash to debt ratio for the quarter that ended in Dec. 2024 was 278.88.

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, Carnaby Resources could pay off its debt using the cash in hand for the quarter that ended in Dec. 2024.

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

ASX:CNB' s Cash-to-Debt Range Over the Past 10 Years
Min: 32.32 Med: 360.36 Max: No Debt
Current: 278.88

During the past 8 years, Carnaby Resources's highest Cash to Debt Ratio was No Debt. The lowest was 32.32. And the median was 360.36.

ASX:CNB's Cash-to-Debt is ranked better than
62.08% of 2582 companies
in the Metals & Mining industry
Industry Median: 20.12 vs ASX:CNB: 278.88

Carnaby Resources Cash-to-Debt Historical Data

The historical data trend for Carnaby Resources'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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Carnaby Resources Cash-to-Debt Chart

Carnaby Resources Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Cash-to-Debt

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32.32

740.22

280.19

1,417.16

156.02

Carnaby Resources Semi-Annual Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Cash-to-Debt	Get a 7-Day Free Trial												291.07	1,417.16	198.93	156.02	278.88

Competitive Comparison of Carnaby Resources's Cash-to-Debt

For the Other Precious Metals & Mining subindustry, Carnaby Resources'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.

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

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

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

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Carnaby Resources 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.

Carnaby Resources's Cash to Debt Ratio for the fiscal year 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)
	=	10.297	/	(0.047	+	0.019)
	=	156.02

Carnaby Resources's Cash to Debt Ratio for the quarter that ended in Dec. 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)
	=	11.713	/	(0.042	+	0)
	=	278.88

Carnaby Resources (ASX:CNB) 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.

Carnaby Resources Cash-to-Debt Related Terms

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

Carnaby Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Carnaby Resources Ltd (ASX:CNB) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

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Address

78 Churchill Avenue, Subiaco, Perth, WA, AUS, 6008

Website

https://www.carnabyresources.com.au

Carnaby Resources Ltd is an Australia-based mineral exploration company. It is engaged in acquiring, exploring, and developing gold and other mineral deposits. Its projects are located in established mining provinces of the Mount Isa Inlier of Queensland and the Pilbara and Yilgarn Margin of Western Australia. Some of the projects in which the company is engaged are the Greater Duchess Copper and Gold Project, Strelley Gold Project, Hemi Gold Deposit, Big Hill Gold and Lithium, Malmac, Throssel, Pardoo Gold and Lithium, Devoncourt, and Mount Grant Gold and Lithium project among others.

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