Omnia Metals Group (ASX:OM1) Cash-to-Debt : 30.61 (As of Dec. 2023)

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What is Omnia Metals Group 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. Omnia Metals Group's cash to debt ratio for the quarter that ended in Dec. 2023 was 30.61.

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, Omnia Metals Group 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 Omnia Metals Group's Cash-to-Debt or its related term are showing as below:

ASX:OM1' s Cash-to-Debt Range Over the Past 10 Years
Min: 30.61 Med: 34.39 Max: 54.49
Current: 30.61

During the past 2 years, Omnia Metals Group's highest Cash to Debt Ratio was 54.49. The lowest was 30.61. And the median was 34.39.

ASX:OM1's Cash-to-Debt is not ranked
in the Metals & Mining industry.
Industry Median: 17.74 vs ASX:OM1: 30.61

Omnia Metals Group Cash-to-Debt Historical Data

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

Omnia Metals Group Annual Data

Trend

Jun22

Jun23

Cash-to-Debt

36.71

54.49

Omnia Metals Group Semi-Annual Data
	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	36.71	32.08	54.49	30.61

Competitive Comparison of Omnia Metals Group's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, Omnia Metals Group'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.

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

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

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

Omnia Metals Group 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.

Omnia Metals Group'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)
	=	3.814	/	(0.039	+	0.031)
	=	54.49

Omnia Metals Group'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)
	=	1.561	/	(0.04	+	0.011)
	=	30.61

Omnia Metals Group (ASX:OM1) 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.

Omnia Metals Group Cash-to-Debt Related Terms

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Omnia Metals Group (ASX:OM1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Omnia Metals Group Ltd (ASX:OM1) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

22 Townshend Road, Subiaco, Perth, WA, AUS, 6008

Website

https://www.omniametals.com.au

Omnia Metals Group Ltd is a mineral exploration company focused on exploring copper, nickel, platinum group elements (PGE), and gold. The company holds interest in the Ord Basin Project and the Albany-Fraser Project. Its operating segment includes Exploration and evaluation - in Australia, Exploration and evaluation - in Canada, and Other sectors in corporate.

Omnia Metals Group (ASX:OM1) Headlines

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