Resource Mining (ASX:RMI) Cash-to-Debt : 51.08 (As of Dec. 2023)

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What is Resource Mining 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. Resource Mining's cash to debt ratio for the quarter that ended in Dec. 2023 was 51.08.

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, Resource Mining 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 Resource Mining's Cash-to-Debt or its related term are showing as below:

ASX:RMI' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.02 Max: 7.33
Current: 1.81

During the past 13 years, Resource Mining's highest Cash to Debt Ratio was 7.33. The lowest was 0.01. And the median was 0.02.

ASX:RMI's Cash-to-Debt is ranked worse than
64.27% of 2606 companies
in the Metals & Mining industry
Industry Median: 17.89 vs ASX:RMI: 1.81

Resource Mining Cash-to-Debt Historical Data

The historical data trend for Resource Mining'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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Resource Mining Cash-to-Debt Chart

Resource Mining Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Cash-to-Debt

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0.01

2.66

7.33

1.81

Resource Mining Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Cash-to-Debt	Get a 7-Day Free Trial															2.66	15.99	7.33	51.08	1.81

Competitive Comparison of Resource Mining's Cash-to-Debt

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

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

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

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

Resource Mining 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.

Resource Mining'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)
	=	0.157	/	(0.087	+	0)
	=	1.80

Resource Mining'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)
	=	0.664	/	(0.013	+	0)
	=	51.08

Resource Mining (ASX:RMI) 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.

Resource Mining Cash-to-Debt Related Terms

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Resource Mining Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

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Address

191 St. Georges Terrace, Level 5, Perth, WA, AUS, 6000

Website

https://www.resmin.com.au

Resource Mining Corp Ltd is an independent Australian minerals company advancing a portfolio of prospective exploration projects focused on the definition of battery minerals in mining jurisdictions. The company holds interests in Finnish and Tanzanian projects such as the Mpanda and Mbozi Copper-Gold projects, the Liparamba, Mbinga Ni, Kola Lithium, and the Hirvikallio project. Its segments include Exploration activities in Tanzania, Exploration activities in Finland, and the Corporate activities segment which generates maximum revenue, in Australia.

Resource Mining Headlines

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