Galena Mining (ASX:G1A) Cash-to-Debt : 0.21 (As of Dec. 2022)

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What is Galena 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. Galena Mining's cash to debt ratio for the quarter that ended in Dec. 2022 was 0.21.

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, Galena Mining couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2022.

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

ASX:G1A' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.09 Med: 4.42 Max: No Debt
Current: 0.09

During the past 6 years, Galena Mining's highest Cash to Debt Ratio was No Debt. The lowest was 0.09. And the median was 4.42.

ASX:G1A's Cash-to-Debt is not ranked
in the Metals & Mining industry.
Industry Median: 17.875 vs ASX:G1A: 0.09

Galena Mining Cash-to-Debt Historical Data

The historical data trend for Galena 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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Galena Mining Cash-to-Debt Chart

Galena Mining Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

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No Debt

5.95

2.89

0.42

0.09

Galena Mining Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Cash-to-Debt	Get a 7-Day Free Trial							2.89	1.74	0.42	0.21	0.09

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

For the Other Industrial Metals & Mining subindustry, Galena 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.

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

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

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

Galena 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.

Galena Mining's Cash to Debt Ratio for the fiscal year that ended in Jun. 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)
	=	19.343	/	(33.912	+	179.681)
	=	0.09

Galena Mining's Cash to Debt Ratio for the quarter that ended in Dec. 2022 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)
	=	40.982	/	(20.18	+	176.757)
	=	0.21

Galena Mining (ASX:G1A) 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.

Galena Mining Cash-to-Debt Related Terms

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Galena Mining (ASX:G1A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Galena Mining Ltd (ASX:G1A) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

GM6:Germany

Address

1100 Hay Street, Level 2, PO Box 297, West Perth, Perth, WA, AUS, 6872

Website

https://www.galenamining.com.au

Galena Mining Ltd is engaged in the mining industry. It explores and develops base metals in Australia through the Abra base metal deposit project. The company's operating segment includes Abra Project; Exploration and Other Activities. It generates maximum revenue from the Abra Project segment.

Galena Mining (ASX:G1A) Headlines

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