Critical Resources (ASX:CRR) Cash-to-Debt : 7.95 (As of Jun. 2024)

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What is Critical 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. Critical Resources's cash to debt ratio for the quarter that ended in Jun. 2024 was 7.95.

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

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

ASX:CRR' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: No Debt Max: No Debt
Current: 7.95

During the past 13 years, Critical Resources's highest Cash to Debt Ratio was No Debt. The lowest was 0.02. And the median was No Debt.

ASX:CRR's Cash-to-Debt is ranked worse than
55.55% of 2605 companies
in the Metals & Mining industry
Industry Median: 17.97 vs ASX:CRR: 7.95

Critical Resources Cash-to-Debt Historical Data

The historical data trend for Critical 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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Critical Resources Cash-to-Debt Chart

Critical Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.02

6.12

No Debt

58.35

19.14

Critical Resources Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	58.35	16.27	19.14	7.95

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

For the Other Industrial Metals & Mining subindustry, Critical 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.

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

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

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

Critical 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.

Critical Resources'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)
	=	5.551	/	(0.096	+	0.194)
	=	19.14

Critical Resources's Cash to Debt Ratio for the quarter 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)
	=	2.257	/	(0.143	+	0.141)
	=	7.95

Critical Resources (ASX:CRR) 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.

Critical Resources Cash-to-Debt Related Terms

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Critical Resources Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

9S70:Germany

Address

108 Saint Georges Terrace, Level 45, Perth, WA, AUS, 6000

Website

https://www.criticalresources.com.au

Critical Resources Ltd is an exploration and mining company. The principal activity of the Group was mineral exploration and development across a range of projects but with particular emphasis on the Company's flagship Mavis Lake Lithium Project in Ontario, Canada. The company has operated in three locations: Australia, the Sultanate of Oman, and Canada. The company's projects consist of the Mavis Lake Lithium Project and Graphic Lake Project in Canada and the Halls Peak Base metal project in Australia.

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