Sirius Resources NL (ASX:SIR) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2014)

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What is Sirius Resources NL 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. Sirius Resources NL's cash to debt ratio for the quarter that ended in Dec. 2014 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, Sirius Resources NL could pay off its debt using the cash in hand for the quarter that ended in Dec. 2014.

(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 Sirius Resources NL's Cash-to-Debt or its related term are showing as below:

ASX:SIR's Cash-to-Debt is not ranked ^*
in the Metals & Mining industry.
Industry Median: 20.095
* Ranked among companies with meaningful Cash-to-Debt only.

Sirius Resources NL Cash-to-Debt Historical Data

The historical data trend for Sirius Resources NL'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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Sirius Resources NL Cash-to-Debt Chart

Sirius Resources NL Annual Data

Trend

Jun04

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Jun07

Jun08

Jun09

Jun10

Jun11

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Jun14

Cash-to-Debt

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No Debt

Sirius Resources NL Semi-Annual Data
	Dec03	Jun04	Dec04	Jun05	Dec05	Dec07	Jun08	Dec08	Jun09	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Sirius Resources NL's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, Sirius Resources NL'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.

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

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

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

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Sirius Resources NL 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.

Sirius Resources NL's Cash to Debt Ratio for the fiscal year that ended in Jun. 2014 is calculated as:

Sirius Resources NL had no debt ⁽¹⁾.

Sirius Resources NL's Cash to Debt Ratio for the quarter that ended in Dec. 2014 is calculated as:

Sirius Resources NL had no debt ⁽¹⁾.

Sirius Resources NL (ASX:SIR) 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.

Sirius Resources NL Cash-to-Debt Related Terms

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Sirius Resources NL Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Sirius Resources NL (ASX:SIR) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

Website

http://www.siriusresources.com.au

Sirius Resources NL is a gold, nickel and base metal explorer company. Its projects include Polar Bear, Youanmi Nickel and Base Metals, Fraser Range Nickel, and Collurabbie Nickel Project.