Rey Resources (ASX:REY) Cash-to-Debt : 0.01 (As of Dec. 2024)

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What is Rey 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. Rey Resources's cash to debt ratio for the quarter that ended in Dec. 2024 was 0.01.

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, Rey Resources couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2024.

The historical rank and industry rank for Rey Resources's Cash-to-Debt or its related term are showing as below:

ASX:REY' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0.01 Max: No Debt
Current: 0.01

During the past 13 years, Rey Resources's highest Cash to Debt Ratio was No Debt. The lowest was 0.00. And the median was 0.01.

ASX:REY's Cash-to-Debt is ranked worse than
98.86% of 176 companies
in the Other Energy Sources industry
Industry Median: 1.46 vs ASX:REY: 0.01

Rey Resources Cash-to-Debt Historical Data

The historical data trend for Rey 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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Rey Resources Cash-to-Debt Chart

Rey Resources Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Cash-to-Debt

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0.02

0.01

0.02

0.01

Rey Resources Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Cash-to-Debt	Get a 7-Day Free Trial															0.01	0.02	0.03	0.01	0.01

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

For the Thermal Coal subindustry, Rey 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.

Rey Resources's Cash-to-Debt Distribution in the Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, Rey Resources's Cash-to-Debt distribution charts can be found below:

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

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Rey 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.

Rey Resources's Cash to Debt Ratio for the fiscal year that ended in Jun. 2024 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)
	=	0.268	/	(0.537	+	19.35)
	=	0.01

Rey Resources's Cash to Debt Ratio for the quarter that ended in Dec. 2024 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)
	=	0.276	/	(0.599	+	20.865)
	=	0.01

Rey Resources (ASX:REY) 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.

Rey Resources Cash-to-Debt Related Terms

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

Rey Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Rey Resources Ltd (ASX:REY) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

3B Macquarie Street, Suite 2, Sydney, NSW, AUS, 2000

Website

https://www.reyresources.com

Rey Resources Ltd is engaged in exploring and developing energy resources. Its exploration properties include the Fitzroy Blocks (EP457 and EP458), the Derby Block (EP487), Lennard Shelf Blocks (EP104, R1, and L15), the Surat Gas Project, and the Duchess Paradise Coal Project. The company operates in two segments, Mineral exploration and development and Petroleum exploration in Western Australia.

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