Vertex Minerals (ASX:VTX) Cash-to-Debt : 3.11 (As of Dec. 2023)

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What is Vertex 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. Vertex Minerals's cash to debt ratio for the quarter that ended in Dec. 2023 was 3.11.

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, Vertex Minerals could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

ASX:VTX' s Cash-to-Debt Range Over the Past 10 Years
Min: 5.52 Med: No Debt Max: No Debt
Current: 5.52

During the past 3 years, Vertex Minerals's highest Cash to Debt Ratio was No Debt. The lowest was 5.52. And the median was No Debt.

ASX:VTX's Cash-to-Debt is ranked worse than
57.62% of 2605 companies
in the Metals & Mining industry
Industry Median: 17.81 vs ASX:VTX: 5.52

Vertex Minerals Cash-to-Debt Historical Data

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

Vertex Minerals Annual Data

Trend

Jun22

Jun23

Jun24

Cash-to-Debt

No Debt

5.52

Vertex Minerals Semi-Annual Data
	Jun22	Dec22	Jun23	Dec23	Jun24
Cash-to-Debt	No Debt	No Debt	No Debt	3.11	5.52

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

For the Gold subindustry, Vertex 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.

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

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

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

Vertex 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.

Vertex Minerals's Cash to Debt Ratio for the fiscal year 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)
	=	2.108	/	(0.16	+	0.222)
	=	5.52

Vertex Minerals'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)
	=	0.551	/	(0.062	+	0.115)
	=	3.11

Vertex Minerals (ASX:VTX) 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.

Vertex Minerals Cash-to-Debt Related Terms

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Vertex Minerals Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

460 Stirling Highway, Unit 38, Peppermint Grove, WA, AUS, 6011

Website

https://www.vertexminerals.com

Vertex Minerals Ltd is a mineral exploration and development company. It explores for gold. The Company is organised into one operating segment, being mining and exploration operations. The principal products and services of this operating segment are the mining and exploration operations predominately in Australia.

Vertex Minerals Headlines

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