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

Star Minerals (ASX:SMS) Cash-to-Debt : No Debt (1) (As of Dec. 2023)


View and export this data going back to 2021. Start your Free Trial

What is Star 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. Star Minerals'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, Star Minerals 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 Star Minerals's Cash-to-Debt or its related term are showing as below:

ASX:SMS' 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 2 years, Star Minerals's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

ASX:SMS's Cash-to-Debt is ranked better than
99.92% of 2646 companies
in the Metals & Mining industry
Industry Median: 18.395 vs ASX:SMS: No Debt

Star Minerals Cash-to-Debt Historical Data

The historical data trend for Star 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.

* Premium members only.

Star Minerals Cash-to-Debt Chart

Star Minerals Annual Data
Trend Jun22 Jun23
Cash-to-Debt
No Debt No Debt

Star Minerals Semi-Annual Data
Dec21 Jun22 Dec22 Jun23 Dec23
Cash-to-Debt No Debt No Debt No Debt No Debt No Debt

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

For the Gold subindustry, Star 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.

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

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

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


Star 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.

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

Star Minerals had no debt (1).

Star Minerals's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Star Minerals had no debt (1).

* 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.

Star Minerals  (ASX:SMS) 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.

Star Minerals Cash-to-Debt Related Terms

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

Star Minerals (ASX:SMS) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Star Minerals Ltd (ASX:SMS) » Definitions » Cash-to-Debt
Comparable Companies
ASX:NES ASX:MDI ASX:M2M ASX:FAU ASX:WSR ASX:GNM ASX:SFM ASX:DBO ASX:DAF ASX:DMG SHSE:601899 NEM TSX:ABX TSX:FNV TSX:AEM TSX:WPM MIC:PLZL ASX:NCM SHSE:600547 JSE:GFI
Traded in Other Exchanges
N/A
Address
50 Kings Park Road, Level 2, West Perth, Perth, WA, AUS, 6005
Website
https://www.starminerals.com.au
Star Minerals Ltd is a Western Australia-focused gold explorer, with a development-ready project and extensive landholdings. It carries on the business of mineral exploration, focused on the exploration and evaluation of the Tumblegum South Project and the West Bryah Project.

Star Minerals (ASX:SMS) Headlines

No Headlines