Tolu Minerals (ASX:TOK) Cash-to-Debt : 2.40 (As of Jun. 2024)

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What is Tolu 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. Tolu Minerals's cash to debt ratio for the quarter that ended in Jun. 2024 was 2.40.

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, Tolu Minerals 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 Tolu Minerals's Cash-to-Debt or its related term are showing as below:

ASX:TOK' s Cash-to-Debt Range Over the Past 10 Years
Min: 2.4 Med: 2.65 Max: 3.61
Current: 2.4

During the past 4 years, Tolu Minerals's highest Cash to Debt Ratio was 3.61. The lowest was 2.40. And the median was 2.65.

ASX:TOK's Cash-to-Debt is ranked worse than
62.18% of 2607 companies
in the Metals & Mining industry
Industry Median: 17.73 vs ASX:TOK: 2.40

Tolu Minerals Cash-to-Debt Historical Data

The historical data trend for Tolu 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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Tolu Minerals Cash-to-Debt Chart

Tolu Minerals Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

N/A

3.61

2.65

Tolu Minerals Semi-Annual Data
	Dec20	Dec21	Dec22	Dec23	Jun24
Cash-to-Debt	N/A	N/A	3.61	2.65	2.40

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

For the Other Precious Metals & Mining subindustry, Tolu 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.

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

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

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

Tolu 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.

Tolu Minerals'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)
	=	12.617	/	(0.419	+	4.347)
	=	2.65

Tolu Minerals'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)
	=	11.619	/	(0.133	+	4.7)
	=	2.40

Tolu Minerals (ASX:TOK) 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.

Tolu Minerals Cash-to-Debt Related Terms

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Tolu Minerals Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

TOLUF:USA

Address

Turumu Haus Spring Garden Road, Unit 5, Ground Floor, Gordons, Moresby North East, Port Moresby, PNG, 121

Website

https://www.toluminerals.com

Tolu Minerals Ltd is an emerging exploration company with rights to three gold, silver, and copper resource opportunities in PNG. Its projects include the Tolukuma Gold Mine, the Tolukuma Structure, and the Mt Penck Tenement.