Osmond Resources (ASX:OSM) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is Osmond Resources 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. Osmond Resources'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, Osmond Resources 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 Osmond Resources's Cash-to-Debt or its related term are showing as below:

ASX:OSM' 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 3 years, Osmond Resources's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

ASX:OSM's Cash-to-Debt is ranked better than
99.96% of 2606 companies
in the Metals & Mining industry
Industry Median: 17.89 vs ASX:OSM: No Debt

Osmond Resources Cash-to-Debt Historical Data

The historical data trend for Osmond 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.

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Osmond Resources Cash-to-Debt Chart

Osmond Resources Annual Data

Trend

Jun22

Jun23

Jun24

Cash-to-Debt

No Debt

Osmond Resources Semi-Annual Data
	Jun22	Dec22	Jun23	Dec23	Jun24
Cash-to-Debt	No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Osmond Resources's Cash-to-Debt

For the Other Precious Metals & Mining subindustry, Osmond 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.

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

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

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

Osmond Resources 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.

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

Osmond Resources had no debt ⁽¹⁾.

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

Osmond Resources had no debt ⁽¹⁾.

Osmond Resources (ASX:OSM) 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.

Osmond Resources Cash-to-Debt Related Terms

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

Osmond Resources Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

480 Collins Street, Level 2, Melbourne, VIC, AUS, 3000

Website

https://www.osmondresources.com.au

Osmond Resources Ltd is exploration and development focused on gold, base metals and Rare Earth discoveries. Its projects include Fowler Project, Yumbarra Project, Coorabie Shear Zone Project, Tallacootra Project, Iberian One Project and Orion EU Critical Minerals Project.

Osmond Resources Headlines

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Osmond Resources (ASX:OSM) Cash-to-Debt : No Debt (1) (As of Dec. 2023)