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Miramar ResourcesASX:M2R Cash-to-Debt is 48.53 as of Dec. 2025, which is 42% above its 10-year median of 34.18. Among 2,631 Metals & Mining companies, Miramar Resources ranks better than 51.46% 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. Miramar Resources's cash to debt ratio for the quarter that ended in Dec. 2025 was 48.53.
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, Miramar Resourcescould pay off its debt using the cash in hand for the quarter that ended in Dec. 2025.
The historical rank and industry rank for Miramar Resources's Cash-to-Debt or its related term are showing as below:
ASX:M2R'
s Cash-to-Debt Range Over the Past 10 Years
Min: 12.79 Med: 34.18 Max: 218.3
Current: 48.53
During the past 5 years, Miramar Resources's highest Cash to Debt Ratio was 218.30. The lowest was 12.79. And the median was 34.18.
ASX:M2R's Cash-to-Debt is ranked better than 51.46% of 2631
companies
in the Metals & Mining industry
Industry Median: 38.11
vs ASX:M2R: 48.53
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.
Miramar Resources Cash-to-Debt Related Terms
Miramar Resources Cash-to-Debt Historical Data
* Premium members only.
The historical data trend for Miramar Resources'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, Miramar Resources'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.
Miramar Resources Cash-to-Debt vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Miramar Resources's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where Miramar Resources'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.
Miramar Resources (ASX:M2R) has a Cash-to-Debt of 48.53 as of Dec. 2025. This is 42% above median its historical median of 34.18. Over the past decade, Miramar Resources' Cash-to-Debt has ranged from 12.79 to 218.30. According to the industry distribution chart, Miramar Resources ranks #1277 out of 2631 companies in the Metals & Mining industry, placing it in the top 48.5%.
Is Miramar Resources' Cash-to-Debt too high?
Miramar Resources' current Cash-to-Debt of 48.53 is 42% above median its 10-year median of 34.18. Over the past 10 years, this metric has ranged from a low of 12.79 to a high of 218.30. The Metals & Mining industry median Cash-to-Debt is 38.11. Miramar Resources' value of 48.53 is 27.3% above this industry median. Based on the distribution chart, Miramar Resources ranks #1277 out of 2631 companies in the Metals & Mining industry, which is above the industry midpoint.
How does Miramar Resources' Cash-to-Debt compare to competitors?
According to the Metals & Mining industry distribution chart, Miramar Resources ranks #1277 out of 2631 companies for Cash-to-Debt. This puts Miramar Resources in the upper half of its industry. The industry median Cash-to-Debt is 38.11. Miramar Resources' value of 48.53 is 27.3% above this benchmark. Historically, Miramar Resources' own Cash-to-Debt has ranged from 12.79 to 218.30 over the past decade. While the company's 10-year median is 34.18 vs. the industry median of 38.11, Miramar Resources has consistently been above 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 38.11, based on 2,631 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. Miramar Resources's current Cash-to-Debt of 48.53 is 27.3% above 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 38.11 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Miramar Resources's current Cash-to-Debt is 48.53, which is 42% above median its own 10-year median of 34.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Miramar Resources stock overvalued right now?
Miramar Resources (ASX:M2R) has a current Cash-to-Debt of 48.53. The current Cash-to-Debt is 48.53, which is 42% above median its 10-year median of 34.18 and 27.3% above the Metals & Mining industry median of 38.11. 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 Miramar Resources (ASX:M2R), the current Cash-to-Debt is 48.53 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.
Miramar Resources Ltd is a mineral exploration company. The company's projects are divided into two project areas, namely, the Eastern Goldfields and Gascoyne regions of Western Australia. Its project comprises of Gidji JV Project, Glandore Project, Randall's project, Whaleshark project, Bangemall Ni-Cu-PGE project, and Chain project.
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