International Graphite (ASX:IG6) Cash-to-Debt : 15.12 (As of Dec. 2023)

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What is International Graphite 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. International Graphite's cash to debt ratio for the quarter that ended in Dec. 2023 was 15.12.

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, International Graphite could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

ASX:IG6' s Cash-to-Debt Range Over the Past 10 Years
Min: 15.12 Med: 43.53 Max: 222.57
Current: 15.12

During the past 2 years, International Graphite's highest Cash to Debt Ratio was 222.57. The lowest was 15.12. And the median was 43.53.

ASX:IG6's Cash-to-Debt is ranked worse than
51.4% of 2636 companies
in the Metals & Mining industry
Industry Median: 17.875 vs ASX:IG6: 15.12

International Graphite Cash-to-Debt Historical Data

The historical data trend for International Graphite'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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International Graphite Cash-to-Debt Chart

International Graphite Annual Data

Trend

Jun22

Jun23

Cash-to-Debt

93.23

28.26

International Graphite Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	222.57	93.23	43.53	28.26	15.12

Competitive Comparison of International Graphite's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, International Graphite'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.

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

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

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

International Graphite 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.

International Graphite'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)
	=	2.713	/	(0.043	+	0.053)
	=	28.26

International Graphite'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)
	=	1.527	/	(0.071	+	0.03)
	=	15.12

International Graphite (ASX:IG6) 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.

International Graphite Cash-to-Debt Related Terms

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International Graphite (ASX:IG6) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » International Graphite Ltd (ASX:IG6) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

H99:Germany

Address

333 Charles Street, Level 1, North Perth, Perth, WA, AUS, 6006

Website

https://www.internationalgraphite.technology

International Graphite Ltd is engaged in the processing, treatment and production of graphite. The company intends to develop a downstream graphite processing business to treat mined graphite concentrates and produce finished graphite products for specialised industrial applications and Battery Anode Material (BAM) to meet projected global of lithium-ion batteries. Western Australia is developing a battery hub in the southwest of the state to feed the growing international battery demand. The company plans to be an integral part of this battery commodity supply chain in Western Australia and internationally.

International Graphite (ASX:IG6) Headlines

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