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

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

ASX:TMS' s Cash-to-Debt Range Over the Past 10 Years
Min: 59.33 Med: No Debt Max: No Debt
Current: No Debt

During the past 13 years, Tennant Minerals's highest Cash to Debt Ratio was No Debt. The lowest was 59.33. And the median was No Debt.

ASX:TMS's Cash-to-Debt is ranked better than
99.96% of 2605 companies
in the Metals & Mining industry
Industry Median: 17.97 vs ASX:TMS: No Debt

Tennant Minerals Cash-to-Debt Historical Data

The historical data trend for Tennant 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.

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Tennant Minerals Cash-to-Debt Chart

Tennant Minerals Annual Data

Trend

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Jun24

Cash-to-Debt

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No Debt

Tennant Minerals Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	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 Tennant Minerals's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, Tennant 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.

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

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

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

Tennant 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.

Tennant Minerals's Cash to Debt Ratio for the fiscal year that ended in Jun. 2024 is calculated as:

Tennant Minerals had no debt ⁽¹⁾.

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

Tennant Minerals had no debt ⁽¹⁾.

Tennant Minerals (ASX:TMS) 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.

Tennant Minerals Cash-to-Debt Related Terms

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Tennant Minerals Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

UH7A:Germany

Address

247 Oxford Street, Level 1, West Leederville, Perth, WA, AUS, 6007

Website

https://www.tennantminerals.com

Tennant Minerals Ltd is a resource exploration company that engages in the valuation of gold and copper projects across a broad range of geographies. The projects of the company include Barkly Gold-Copper Project and Burkina Faso Project. Geographically it operates within Australia and Africa. It has one reportable segment being exploration and evaluation of gold and copper projects in the Northern Territory.

Tennant Minerals Headlines

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