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Horseshoe MetalsASX:HOR -6.67% Cash-to-Debt is 0.02 as of Dec. 2025, which is at its 10-year median of 0.02. The stock has 3 warning signs investors should review. Among 2,620 Metals & Mining companies, Horseshoe Metals ranks worse than 97.75% on this metric.
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. Horseshoe Metals's cash to debt ratio for the quarter that ended in Dec. 2025 was 0.02.
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, Horseshoe Metalscouldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2025.
The historical rank and industry rank for Horseshoe Metals's Cash-to-Debt or its related term are showing as below:
ASX:HOR'
s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0.02 Max: 0.84
Current: 0.02
During the past 13 years, Horseshoe Metals's highest Cash to Debt Ratio was 0.84. The lowest was 0.00. And the median was 0.02.
ASX:HOR's Cash-to-Debt is ranked worse than 97.75% of 2620
companies
in the Metals & Mining industry
Industry Median: 35.72
vs ASX:HOR: 0.02
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.
Horseshoe Metals Cash-to-Debt Related Terms
Horseshoe Metals Cash-to-Debt Historical Data
* Premium members only.
The historical data trend for Horseshoe Metals'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.
For the Other Industrial Metals & Mining subindustry, Horseshoe Metals'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.
Horseshoe Metals Cash-to-Debt vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Horseshoe Metals's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where Horseshoe Metals's Cash-to-Debt falls into.
* 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.
Horseshoe Metals (ASX:HOR) has a Cash-to-Debt of 0.02 as of Dec. 2025. This is near median its historical median of 0.02. According to the industry distribution chart, Horseshoe Metals ranks #2561 out of 2620 companies in the Metals & Mining industry, placing it in the top 97.7%.
Is Horseshoe Metals' Cash-to-Debt too high?
Horseshoe Metals' current Cash-to-Debt of 0.02 is near median its 10-year median of 0.02. The Metals & Mining industry median Cash-to-Debt is 35.72. Horseshoe Metals' value of 0.02 is 99.9% below this industry median. Based on the distribution chart, Horseshoe Metals ranks #2561 out of 2620 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers.
How does Horseshoe Metals' Cash-to-Debt compare to competitors?
According to the Metals & Mining industry distribution chart, Horseshoe Metals ranks #2561 out of 2620 companies for Cash-to-Debt. This places Horseshoe Metals in the lower half of its industry. The industry median Cash-to-Debt is 35.72. Horseshoe Metals' value of 0.02 is 99.9% below this benchmark. While the company's 10-year median is 0.02 vs. the industry median of 35.72, Horseshoe Metals has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cash-to-Debt for a Metals & Mining company?
The median Cash-to-Debt among Metals & Mining companies is 35.72, based on 2,620 companies in the industry. Companies in the top quartile (top 25%) have a Cash-to-Debt significantly above this median, while those in the bottom quartile fall well below. However, Cash-to-Debt should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Horseshoe Metals's current Cash-to-Debt of 0.02 is 99.9% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cash-to-Debt mean?
A high Cash-to-Debt can signal that a stock is expensive relative to its fundamentals. For the Metals & Mining industry, the median Cash-to-Debt is 35.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Horseshoe Metals's current Cash-to-Debt is 0.02, which is near median its own 10-year median of 0.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Horseshoe Metals stock overvalued right now?
Horseshoe Metals (ASX:HOR) has a current Cash-to-Debt of 0.02. The current Cash-to-Debt is 0.02, which is near median its 10-year median of 0.02 and 99.9% below the Metals & Mining industry median of 35.72. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cash-to-Debt calculated?
Cash-to-Debt is calculated from a company's financial statements. For Horseshoe Metals (ASX:HOR), the current Cash-to-Debt is 0.02 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Horseshoe Metals Ltd is a mineral exploration and resource development company. Its current endeavours centre on the Horseshoe Lights Copper-Gold and the Kumarina Copper Project located in Western Australia, as well as the Glenloth Gold project in South Australia. The company is organised into one main operating segment, which involves the exploration of minerals and evaluation of investment opportunities for its investors, presently solely in Australia.
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