Strandline Resources (ASX:STA) Cash-to-Debt : 0.05 (As of Dec. 2023)

View and export this data going back to 2000. Start your Free Trial

What is Strandline Resources 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. Strandline Resources's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.05.

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, Strandline Resources couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

ASX:STA' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.05 Med: No Debt Max: No Debt
Current: 0.05

During the past 13 years, Strandline Resources's highest Cash to Debt Ratio was No Debt. The lowest was 0.05. And the median was No Debt.

ASX:STA's Cash-to-Debt is not ranked
in the Metals & Mining industry.
Industry Median: 18.3 vs ASX:STA: 0.05

Strandline Resources Cash-to-Debt Historical Data

The historical data trend for Strandline Resources'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.

Strandline Resources Cash-to-Debt Chart

Strandline Resources Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

35.29

0.77

0.18

Strandline Resources 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															0.98	0.77	0.31	0.18	0.05

Competitive Comparison of Strandline Resources's Cash-to-Debt

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

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

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

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

Strandline Resources 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.

Strandline Resources's Cash to Debt Ratio for the fiscal year 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)
	=	41.301	/	(34.091	+	195.46)
	=	0.18

Strandline Resources's Cash to Debt Ratio for the quarter 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)
	=	12.686	/	(207.958	+	31.765)
	=	0.05

Strandline Resources (ASX:STA) 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.

Strandline Resources Cash-to-Debt Related Terms

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

Strandline Resources (ASX:STA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Strandline Resources Ltd (ASX:STA) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

216 St Georges Terrace, Level 9, Perth, WA, AUS, 6000

Website

https://www.strandline.com.au

Strandline Resources Ltd is focused on mineral exploration and development in Tanzania and Australia. Its project includes the Portfolio of the Fungoni Mineral Sands Project, the Coburn Mineral Sands Project in Western Australia, the Tanga South (Tajiri) Mineral Sands Project in northern Tanzania, the Bagamoyo Project, and the Fowlers Bay Nickel Project in South Australia. The company generates maximum revenue from Australia.

Strandline Resources (ASX:STA) Headlines

No Headlines