Oceana Lithium (ASX:OCN) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is Oceana Lithium 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. Oceana Lithium's cash to debt ratio for the quarter that ended in Dec. 2023 was No Debt ⁽¹⁾.

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, Oceana Lithium could 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 Oceana Lithium's Cash-to-Debt or its related term are showing as below:

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

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

ASX:OCN's Cash-to-Debt is ranked better than
99.92% of 2641 companies
in the Metals & Mining industry
Industry Median: 18.37 vs ASX:OCN: No Debt

Oceana Lithium Cash-to-Debt Historical Data

The historical data trend for Oceana Lithium'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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Oceana Lithium Cash-to-Debt Chart

Oceana Lithium Annual Data

Trend

Dec21

Jun23

Cash-to-Debt

No Debt

Oceana Lithium Semi-Annual Data
	Dec22	Jun23	Dec23
Cash-to-Debt	No Debt	No Debt	No Debt

Competitive Comparison of Oceana Lithium's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, Oceana Lithium'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.

Oceana Lithium's Cash-to-Debt Distribution in the Metals & Mining Industry

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

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

Oceana Lithium 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.

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

Oceana Lithium had no debt ⁽¹⁾.

Oceana Lithium's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Oceana Lithium had no debt ⁽¹⁾.

Oceana Lithium (ASX:OCN) 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.

Oceana Lithium Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Oceana Lithium's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Oceana Lithium (ASX:OCN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Oceana Lithium Ltd (ASX:OCN) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

33 Richardson Street, Level 1, West Perth, Perth, WA, AUS, 6005

Website

https://www.oceanalithium.com.au

Oceana Lithium Ltd is a mineral exploration and development company focused on the discovery and delineation of lithium mineral resources in two mining-friendly jurisdictions, the state of Ceara, Brazil, and the Northern Territory, Australia. It holds interest in the Solonopole lithium project in Brazil and the Napperby lithium project in Northern Territory.