Eagle Mountain Mining (ASX:EM2) Cash-to-Debt : 0.04 (As of Dec. 2023)

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What is Eagle Mountain 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. Eagle Mountain Mining's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.04.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Eagle Mountain Mining couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

ASX:EM2' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.05 Med: 0.46 Max: 52.22
Current: 0.22

During the past 6 years, Eagle Mountain Mining's highest Cash to Debt Ratio was 52.22. The lowest was 0.05. And the median was 0.46.

ASX:EM2's Cash-to-Debt is ranked worse than
83.88% of 2605 companies
in the Metals & Mining industry
Industry Median: 17.97 vs ASX:EM2: 0.22

Eagle Mountain Mining Cash-to-Debt Historical Data

The historical data trend for Eagle Mountain 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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Eagle Mountain Mining Cash-to-Debt Chart

Eagle Mountain Mining Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Cash-to-Debt

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0.05

0.71

1.18

0.17

0.22

Eagle Mountain Mining Semi-Annual Data
	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Cash-to-Debt	Get a 7-Day Free Trial							1.18	0.57	0.17	0.04	0.22

Competitive Comparison of Eagle Mountain Mining's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, Eagle Mountain 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.

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

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

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

Eagle Mountain 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.

Eagle Mountain Mining'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)
	=	3.117	/	(5.645	+	8.631)
	=	0.22

Eagle Mountain 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)
	=	0.526	/	(5.492	+	8.545)
	=	0.04

Eagle Mountain Mining (ASX:EM2) 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.

Eagle Mountain Mining Cash-to-Debt Related Terms

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Eagle Mountain Mining Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Eagle Mountain Mining Ltd (ASX:EM2) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

22 Stirling Highway, Ground Floor, Nedlands, Perth, WA, AUS, 6009

Website

https://www.eaglemountain.com.au

Eagle Mountain Mining Ltd is engaged in the exploration and evaluation of properties. The company explores for copper, gold, silver and porphyry copper deposits. Its project portfolios include Silver Mountain and Oracle Ridge. Its geographical segments include Australia and the United States of America.

Eagle Mountain Mining Headlines

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