Reward Minerals (ASX:RWD) Cash-to-Debt : 0.73 (As of Jun. 2023)

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What is Reward Minerals 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. Reward Minerals's cash to debt ratio for the quarter that ended in Jun. 2023 was 0.73.

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, Reward Minerals couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2023.

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

ASX:RWD' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.31 Med: 5001.62 Max: No Debt
Current: 0.31

During the past 13 years, Reward Minerals's highest Cash to Debt Ratio was No Debt. The lowest was 0.31. And the median was 5001.62.

ASX:RWD's Cash-to-Debt is ranked worse than
79.98% of 2642 companies
in the Metals & Mining industry
Industry Median: 18.42 vs ASX:RWD: 0.31

Reward Minerals Cash-to-Debt Historical Data

The historical data trend for Reward Minerals'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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Reward Minerals Cash-to-Debt Chart

Reward Minerals Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

3.25

2.83

1.18

0.52

0.31

Reward Minerals Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															1.18	0.91	0.52	0.73	0.31

Competitive Comparison of Reward Minerals's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, Reward Minerals'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.

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

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

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

Reward Minerals 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.

Reward Minerals's Cash to Debt Ratio for the fiscal year 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)
	=	1.066	/	(3.405	+	0)
	=	0.31

Reward Minerals's Cash to Debt Ratio for the quarter 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)
	=	2.448	/	(3.34	+	0)
	=	0.73

Reward Minerals (ASX:RWD) 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.

Reward Minerals Cash-to-Debt Related Terms

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

Reward Minerals (ASX:RWD) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

159 Stirling Highway, Nedlands, WA, AUS, 6009

Website

https://www.rewardminerals.com

Reward Minerals Ltd is potash focused advanced-stage exploration and development company. The company operates predominantly in one business segment which is Potash mineral exploration and in one geographical area which is Western Australia. Its flagship project is its 100% owned Lake Disappointment Sulphate of Potash (SOP) Project, located 340 kilometers east of Newman in the Little Sandy Desert of northwestern Western Australia.

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