South Harz Potash (ASX:SHP) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is South Harz Potash 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. South Harz Potash'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, South Harz Potash 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 South Harz Potash's Cash-to-Debt or its related term are showing as below:

ASX:SHP' 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 8 years, South Harz Potash's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

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

South Harz Potash Cash-to-Debt Historical Data

The historical data trend for South Harz Potash'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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South Harz Potash Cash-to-Debt Chart

South Harz Potash Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Cash-to-Debt

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No Debt

South Harz Potash Semi-Annual Data
	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Cash-to-Debt	Get a 7-Day Free Trial										No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of South Harz Potash's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, South Harz Potash'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.

South Harz Potash's Cash-to-Debt Distribution in the Metals & Mining Industry

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

* The bar in red indicates where South Harz Potash's Cash-to-Debt falls into.

South Harz Potash 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.

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

South Harz Potash had no debt ⁽¹⁾.

South Harz Potash's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

South Harz Potash had no debt ⁽¹⁾.

South Harz Potash (ASX:SHP) 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.

South Harz Potash Cash-to-Debt Related Terms

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

South Harz Potash Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » South Harz Potash Ltd (ASX:SHP) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

D860:Germany

Address

6-10 Douro Place, Unit 13, West Perth, Perth, WA, AUS, 6005

Website

https://www.southharzpotash.com

South Harz Potash Ltd specializes in the development of potash mining projects. It holds perpetual mining licences in Ohmgebirge, Ebelebenand Muhlhausen-Nohra, and exploration licences in Kullstedt and Grafentonna, in the South Harz Potash District in north-western Thuringia, central Germany. It has one operating segment being mining and exploration operations.

South Harz Potash Headlines

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South Harz Potash (ASX:SHP) Cash-to-Debt : No Debt (1) (As of Dec. 2023)