GR Engineering Services (ASX:GNG) Cash-to-Debt : 10.36 (As of Dec. 2024)

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What is GR Engineering Services 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. GR Engineering Services's cash to debt ratio for the quarter that ended in Dec. 2024 was 10.36.

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, GR Engineering Services could pay off its debt using the cash in hand for the quarter that ended in Dec. 2024.

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

ASX:GNG' s Cash-to-Debt Range Over the Past 10 Years
Min: 4.38 Med: 17.92 Max: 98.1
Current: 10.36

During the past 13 years, GR Engineering Services's highest Cash to Debt Ratio was 98.10. The lowest was 4.38. And the median was 17.92.

ASX:GNG's Cash-to-Debt is ranked worse than
53.68% of 2582 companies
in the Metals & Mining industry
Industry Median: 20.12 vs ASX:GNG: 10.36

GR Engineering Services Cash-to-Debt Historical Data

The historical data trend for GR Engineering Services'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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GR Engineering Services Cash-to-Debt Chart

GR Engineering Services Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Cash-to-Debt

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5.03

8.35

23.95

11.89

8.16

GR Engineering Services Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Cash-to-Debt	Get a 7-Day Free Trial															7.97	11.89	5.74	8.16	10.36

Competitive Comparison of GR Engineering Services's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, GR Engineering Services'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.

GR Engineering Services's Cash-to-Debt Distribution in the Metals & Mining Industry

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

* The bar in red indicates where GR Engineering Services's Cash-to-Debt falls into.

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GR Engineering Services 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.

GR Engineering Services'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)
	=	74.646	/	(2.691	+	6.461)
	=	8.16

GR Engineering Services's Cash to Debt Ratio for the quarter that ended in Dec. 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)
	=	111.831	/	(2.873	+	7.917)
	=	10.36

GR Engineering Services (ASX:GNG) 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.

GR Engineering Services Cash-to-Debt Related Terms

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GR Engineering Services Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » GR Engineering Services Ltd (ASX:GNG) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

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Address

71 Daly Street, Ascot, Perth, WA, AUS, 6104

Website

https://www.gres.com.au

GR Engineering Services Ltd provides process engineering design and construction services to the mining and mineral processing industry and the provision of operations, maintenance and advisory services to the energy sector. Its projects include the Dalgaranga Gold project, Mt Morgan's Project, and the Nova Nickel Project among others. It operates through the below segments: Mineral Processing and Oil and gas. The firm generates the majority of its revenue from the Mineral Processing segment.

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