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DevEx ResourcesASX:DEV 21 Cash-to-Debt is 249.09 as of Dec. 2025, which is 275% above its 10-year median of 66.44. GuruFocus rates ASX:DEV with a GF Score™ of 21/100. The stock has 1 warning sign investors should review. Among 2,621 Metals & Mining companies, DevEx Resources ranks better than 60.97% 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. DevEx Resources's cash to debt ratio for the quarter that ended in Dec. 2025 was 249.09.
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, DevEx Resourcescould pay off its debt using the cash in hand for the quarter that ended in Dec. 2025.
The historical rank and industry rank for DevEx Resources's Cash-to-Debt or its related term are showing as below:
ASX:DEV'
s Cash-to-Debt Range Over the Past 10 Years
Min: 1.33 Med: 66.44 Max: No Debt
Current: 249.09
During the past 13 years, DevEx Resources's highest Cash to Debt Ratio was No Debt. The lowest was 1.33. And the median was 66.44.
ASX:DEV's Cash-to-Debt is ranked better than 60.97% of 2621
companies
in the Metals & Mining industry
Industry Median: 33.57
vs ASX:DEV: 249.09
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.
DevEx Resources Cash-to-Debt Related Terms
DevEx Resources Cash-to-Debt Historical Data
* Premium members only.
The historical data trend for DevEx 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.
For the Other Industrial Metals & Mining subindustry, DevEx 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.
DevEx Resources Cash-to-Debt vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, DevEx Resources's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where DevEx Resources'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.
DevEx Resources (ASX:DEV) has a Cash-to-Debt of 249.09 as of Dec. 2025. This is 275% above median its historical median of 66.44. Over the past decade, DevEx Resources' Cash-to-Debt has ranged from 1.33 to 10,000.00. According to the industry distribution chart, DevEx Resources ranks #1023 out of 2621 companies in the Metals & Mining industry, placing it in the top 39%.
Is DevEx Resources' Cash-to-Debt too high?
DevEx Resources' current Cash-to-Debt of 249.09 is 275% above median its 10-year median of 66.44. Over the past 10 years, this metric has ranged from a low of 1.33 to a high of 10,000.00. The Metals & Mining industry median Cash-to-Debt is 33.57. DevEx Resources' value of 249.09 is 642% above this industry median. Based on the distribution chart, DevEx Resources ranks #1023 out of 2621 companies in the Metals & Mining industry, which is above the industry midpoint. Overall, DevEx Resources has a GF Score™ of 21/100, reflecting its overall financial health beyond just this single metric.
How does DevEx Resources' Cash-to-Debt compare to competitors?
According to the Metals & Mining industry distribution chart, DevEx Resources ranks #1023 out of 2621 companies for Cash-to-Debt. This puts DevEx Resources in the upper half of its industry. The industry median Cash-to-Debt is 33.57. DevEx Resources' value of 249.09 is 642% above this benchmark. Historically, DevEx Resources' own Cash-to-Debt has ranged from 1.33 to 10,000.00 over the past decade. While the company's 10-year median is 66.44 vs. the industry median of 33.57, DevEx Resources has consistently been above 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 Metals & Mining company?
The median Cash-to-Debt among Metals & Mining companies is 33.57, based on 2,621 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. DevEx Resources's current Cash-to-Debt of 249.09 is 642% above 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 Metals & Mining industry, the median Cash-to-Debt is 33.57 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. DevEx Resources's current Cash-to-Debt is 249.09, which is 275% above median its own 10-year median of 66.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is DevEx Resources stock overvalued right now?
DevEx Resources (ASX:DEV) has a current Cash-to-Debt of 249.09. The current Cash-to-Debt is 249.09, which is 275% above median its 10-year median of 66.44 and 642% above the Metals & Mining industry median of 33.57. DevEx Resources' overall GF Score™ is 21/100 with 1 warning sign to review. 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 DevEx Resources (ASX:DEV), the current Cash-to-Debt is 249.09 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.
DevEx Resources Ltd is engaged in the exploration and evaluation of mineral properties in Australia. It explores uranium, copper, gold and other base metals. The company's property portfolio consists of exploration licenses covering various deposit styles in Northern Territory and Western Australia. It owns interest in the Nabarlek Uranium Project, Dundas Project, and the Junee Copper-Gold Project among others.
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