Sierra Nevada Gold (ASX:SNX) Cash-to-Debt : 15.31 (As of Jun. 2024)

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What is Sierra Nevada Gold 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. Sierra Nevada Gold's cash to debt ratio for the quarter that ended in Jun. 2024 was 15.31.

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, Sierra Nevada Gold could pay off its debt using the cash in hand for the quarter that ended in Jun. 2024.

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

ASX:SNX' s Cash-to-Debt Range Over the Past 10 Years
Min: 8.97 Med: 14.55 Max: 788.73
Current: 15.31

During the past 2 years, Sierra Nevada Gold's highest Cash to Debt Ratio was 788.73. The lowest was 8.97. And the median was 14.55.

ASX:SNX's Cash-to-Debt is ranked worse than
51.08% of 2635 companies
in the Metals & Mining industry
Industry Median: 17.94 vs ASX:SNX: 15.31

Sierra Nevada Gold Cash-to-Debt Historical Data

The historical data trend for Sierra Nevada Gold'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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Sierra Nevada Gold Cash-to-Debt Chart

Sierra Nevada Gold Annual Data

Trend

Dec22

Dec23

Cash-to-Debt

13.78

12.21

Sierra Nevada Gold Semi-Annual Data
	Jun21	Jun22	Dec22	Jun23	Dec23	Jun24
Cash-to-Debt	Get a 7-Day Free Trial			788.73	13.78	8.97	12.21	15.31

Competitive Comparison of Sierra Nevada Gold's Cash-to-Debt

For the Gold subindustry, Sierra Nevada Gold'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.

Sierra Nevada Gold's Cash-to-Debt Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Sierra Nevada Gold's Cash-to-Debt falls into.

Sierra Nevada Gold 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.

Sierra Nevada Gold'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)
	=	1.343	/	(0.058	+	0.052)
	=	12.21

Sierra Nevada Gold's Cash to Debt Ratio for the quarter 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)
	=	1.271	/	(0.065	+	0.018)
	=	15.31

Sierra Nevada Gold (ASX:SNX) 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.

Sierra Nevada Gold Cash-to-Debt Related Terms

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