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Matsa ResourcesASX:MAT -6.15% Cash-to-Debt is 0.33 as of Dec. 2025, which is 31% below its 10-year median of 0.48. The stock has 3 warning signs investors should review. Among 2,620 Metals & Mining companies, Matsa Resources ranks worse than 84.16% 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. Matsa Resources's cash to debt ratio for the quarter that ended in Dec. 2025 was 0.33.
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, Matsa Resourcescouldn'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 Matsa Resources's Cash-to-Debt or its related term are showing as below:
ASX:MAT'
s Cash-to-Debt Range Over the Past 10 Years
Min: 0.15 Med: 0.48 Max: 117.42
Current: 0.33
During the past 13 years, Matsa Resources's highest Cash to Debt Ratio was 117.42. The lowest was 0.15. And the median was 0.48.
ASX:MAT's Cash-to-Debt is ranked worse than 84.16% of 2620
companies
in the Metals & Mining industry
Industry Median: 33.75
vs ASX:MAT: 0.33
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.
Matsa Resources Cash-to-Debt Related Terms
Matsa Resources Cash-to-Debt Historical Data
* Premium members only.
The historical data trend for Matsa 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 Gold subindustry, Matsa 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.
Matsa Resources Cash-to-Debt vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Matsa Resources's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where Matsa 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.
Matsa Resources (ASX:MAT) has a Cash-to-Debt of 0.33 as of Dec. 2025. This is 31% below median its historical median of 0.48. Over the past decade, Matsa Resources' Cash-to-Debt has ranged from 0.15 to 117.42. According to the industry distribution chart, Matsa Resources ranks #2205 out of 2620 companies in the Metals & Mining industry, placing it in the top 84.2%.
Is Matsa Resources' Cash-to-Debt too high?
Matsa Resources' current Cash-to-Debt of 0.33 is 31% below median its 10-year median of 0.48. Over the past 10 years, this metric has ranged from a low of 0.15 to a high of 117.42. The Metals & Mining industry median Cash-to-Debt is 33.75. Matsa Resources' value of 0.33 is 99% below this industry median. Based on the distribution chart, Matsa Resources ranks #2205 out of 2620 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers.
How does Matsa Resources' Cash-to-Debt compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Matsa Resources ranks #2205 out of 2620 companies for Cash-to-Debt. This places Matsa Resources in the lower half of its industry. The industry median Cash-to-Debt is 33.75. Matsa Resources' value of 0.33 is 99% below this benchmark. Historically, Matsa Resources' own Cash-to-Debt has ranged from 0.15 to 117.42 over the past decade. While the company's 10-year median is 0.48 vs. the industry median of 33.75, Matsa Resources 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 33.75, 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. Matsa Resources's current Cash-to-Debt of 0.33 is 99% 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 33.75 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Matsa Resources's current Cash-to-Debt is 0.33, which is 31% below median its own 10-year median of 0.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Matsa Resources stock overvalued right now?
Matsa Resources (ASX:MAT) has a current Cash-to-Debt of 0.33. The current Cash-to-Debt is 0.33, which is 31% below median its 10-year median of 0.48 and 99% below the Metals & Mining industry median of 33.75. 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 Matsa Resources (ASX:MAT), the current Cash-to-Debt is 0.33 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.
Matsa Resources Ltd engages in the operation of mineral exploration. It focuses on gold in Western Australia and lithium and base metals assets located in Thailand. The Company's main asset is the Lake Carey Gold Project which includes the near-term development Devon gold project and the Red October and Fortitude North exploration projects. It operates through the Australia and Thailand geographical segments, out of which it derives maximum revenue from Australia.
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