Heavy Minerals (ASX:HVY) Cash-to-Debt : 0.21 (As of Dec. 2023)

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What is Heavy Minerals 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. Heavy Minerals's cash to debt ratio for the quarter that ended in Dec. 2023 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, Heavy Minerals couldn't 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 Heavy Minerals's Cash-to-Debt or its related term are showing as below:

ASX:HVY' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.21 Med: No Debt Max: No Debt
Current: 0.21

During the past 2 years, Heavy Minerals's highest Cash to Debt Ratio was No Debt. The lowest was 0.21. And the median was No Debt.

ASX:HVY's Cash-to-Debt is ranked worse than
84.13% of 2652 companies
in the Metals & Mining industry
Industry Median: 17.74 vs ASX:HVY: 0.21

Heavy Minerals Cash-to-Debt Historical Data

The historical data trend for Heavy Minerals'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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Heavy Minerals Cash-to-Debt Chart

Heavy Minerals Annual Data

Trend

Jun22

Jun23

Cash-to-Debt

No Debt

Heavy Minerals Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial			No Debt	No Debt	No Debt	No Debt	0.21

Competitive Comparison of Heavy Minerals's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, Heavy Minerals'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.

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

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

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

Heavy Minerals 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.

Heavy Minerals's Cash to Debt Ratio for the fiscal year that ended in Jun. 2023 is calculated as:

Heavy Minerals had no debt ⁽¹⁾.

Heavy Minerals'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)
	=	0.159	/	(0.073	+	0.703)
	=	0.20

Heavy Minerals (ASX:HVY) 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.

Heavy Minerals Cash-to-Debt Related Terms

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Heavy Minerals (ASX:HVY) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

216 Saint Georges Terrace, Level 8, London House, Perth, WA, AUS, 6000

Website

https://www.heavyminerals.com

Heavy Minerals Ltd is a mineral exploration and development company. It holds the right to acquire the Port Gregory Tenements, comprising five granted exploration licenses; and has applied for a mining concession at the Inhambane Project, comprising one mining concession license application. The firm operates in one business segment being the exploration for minerals with entities based in three geographic segments, being Australia, Mauritius and Mozambique.

Heavy Minerals (ASX:HVY) Headlines

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