Olympio Metals (ASX:OLY) Cash-to-Debt : No Debt ⁽¹⁾ (As of Sep. 2023)

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What is Olympio Metals 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. Olympio Metals's cash to debt ratio for the quarter that ended in Sep. 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, Olympio Metals could pay off its debt using the cash in hand for the quarter that ended in Sep. 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 Olympio Metals's Cash-to-Debt or its related term are showing as below:

ASX:OLY' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: 0.73 Max: No Debt
Current: No Debt

During the past 6 years, Olympio Metals's highest Cash to Debt Ratio was No Debt. The lowest was 0.02. And the median was 0.73.

ASX:OLY's Cash-to-Debt is ranked better than
99.92% of 2642 companies
in the Metals & Mining industry
Industry Median: 18.42 vs ASX:OLY: No Debt

Olympio Metals Cash-to-Debt Historical Data

The historical data trend for Olympio Metals'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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Olympio Metals Cash-to-Debt Chart

Olympio Metals Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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0.73

0.02

0.16

0.02

No Debt

Olympio Metals Semi-Annual Data
	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial								0.08	0.02	57.75	No Debt	No Debt

Competitive Comparison of Olympio Metals's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, Olympio Metals'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.

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

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

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

Olympio Metals 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.

Olympio Metals's Cash to Debt Ratio for the fiscal year that ended in Mar. 2023 is calculated as:

Olympio Metals had no debt ⁽¹⁾.

Olympio Metals's Cash to Debt Ratio for the quarter that ended in Sep. 2023 is calculated as:

Olympio Metals had no debt ⁽¹⁾.

Olympio Metals (ASX:OLY) 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.

Olympio Metals Cash-to-Debt Related Terms

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

Olympio Metals (ASX:OLY) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

Level 4, 20 Customhouse Quay, DLA Piper, New Zealand, Wellington, NZL, 6011

Website

https://www.olympiometals.com.au

Olympio Metals Ltd is an exploration company with projects in the Goldfields and Eurelia in South Australia, Halls Creek project. The Company is organised into one segment which is being exploration for mineral resources and is organised in one geographical location which is United States.

Olympio Metals (ASX:OLY) Headlines

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Olympio Metals (ASX:OLY) Cash-to-Debt : No Debt (1) (As of Sep. 2023)