ENRG Elements (ASX:EEL) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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

ASX:EEL' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.39 Med: No Debt Max: No Debt
Current: No Debt

During the past 13 years, ENRG Elements's highest Cash to Debt Ratio was No Debt. The lowest was 0.39. And the median was No Debt.

ASX:EEL's Cash-to-Debt is ranked better than
99.96% of 2593 companies
in the Metals & Mining industry
Industry Median: 17.79 vs ASX:EEL: No Debt

ENRG Elements Cash-to-Debt Historical Data

The historical data trend for ENRG Elements'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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ENRG Elements Cash-to-Debt Chart

ENRG Elements Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Cash-to-Debt

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No Debt

ENRG Elements 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	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of ENRG Elements's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, ENRG Elements'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.

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

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

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

ENRG Elements 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.

ENRG Elements's Cash to Debt Ratio for the fiscal year that ended in Jun. 2024 is calculated as:

ENRG Elements had no debt ⁽¹⁾.

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

ENRG Elements had no debt ⁽¹⁾.

ENRG Elements (ASX:EEL) 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.

ENRG Elements Cash-to-Debt Related Terms

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

ENRG Elements Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

O9B:Germany

Address

44 Kings Park Road, Suite 10, West Perth, Perth, WA, AUS, 6005

Website

https://www.enrg-elements.com

ENRG Elements Ltd is an Australian company that is engaged in the mining and exploration of base metals and copper. Some of the company's projects include the Agadez Uranium Project, the Tarouadji Lithium Project, the Botswana Copper Projects, and more. The company has only operated in one segment, the exploration business. The principal activity of the Group is uranium, copper/base metals exploration.

ENRG Elements Headlines

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ENRG Elements (ASX:EEL) Cash-to-Debt : No Debt (1) (As of Dec. 2023)