Dragon Mining (ASX:DRA) Cash-to-Debt : 16.07 (As of Dec. 2023)

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What is Dragon Mining 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. Dragon Mining's cash to debt ratio for the quarter that ended in Dec. 2023 was 16.07.

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, Dragon Mining could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

ASX:DRA' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.24 Med: 11.54 Max: No Debt
Current: 16.07

During the past 13 years, Dragon Mining's highest Cash to Debt Ratio was No Debt. The lowest was 1.24. And the median was 11.54.

ASX:DRA's Cash-to-Debt is ranked worse than
50.99% of 2636 companies
in the Metals & Mining industry
Industry Median: 17.875 vs ASX:DRA: 16.07

Dragon Mining Cash-to-Debt Historical Data

The historical data trend for Dragon Mining'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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Dragon Mining Cash-to-Debt Chart

Dragon Mining Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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1.24

4.27

3.84

7.02

16.07

Dragon Mining Semi-Annual Data
	Jun11	Jun12	Jun13	Jun14	Jun15	Jun16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															3.84	7.70	7.02	16.85	16.07

Competitive Comparison of Dragon Mining's Cash-to-Debt

For the Gold subindustry, Dragon Mining'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.

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

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

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

Dragon Mining 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.

Dragon Mining'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)
	=	20.89	/	(0.603	+	0.697)
	=	16.07

Dragon Mining's Cash to Debt Ratio for the quarter 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)
	=	20.89	/	(0.603	+	0.697)
	=	16.07

Dragon Mining (ASX:DRA) 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.

Dragon Mining Cash-to-Debt Related Terms

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Dragon Mining (ASX:DRA) Business Description

Industry

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

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Traded in Other Exchanges

01712:Hong Kong

Address

39 Mends Street, Unit 202, Level 2, South Perth, Perth, WA, AUS, 6151

Website

https://www.dragonmining.com

Dragon Mining Ltd is principally engaged in gold exploration, mining, and processing in the Nordic region. The company's operating segments are Sweden and Finland. Dragon Mining (Sweden) AB produces gold bullion from the Svartliden Production Centre and processed ore from test-mining activities at the Faboliden Gold Mine. Dragon Mining Oy in Finland produces gold concentrate from the Vammala Production Centre and processed ore from the Jokisivu, Kaapelinkulma, and Orivesi Gold Mines.

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