Western Mines Group (ASX:WMG) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is Western Mines Group 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. Western Mines Group'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, Western Mines Group 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 Western Mines Group's Cash-to-Debt or its related term are showing as below:

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

During the past 3 years, Western Mines Group's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

ASX:WMG's Cash-to-Debt is ranked better than
99.96% of 2634 companies
in the Metals & Mining industry
Industry Median: 18.48 vs ASX:WMG: No Debt

Western Mines Group Cash-to-Debt Historical Data

The historical data trend for Western Mines Group'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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Western Mines Group Cash-to-Debt Chart

Western Mines Group Annual Data

Trend

Jun21

Jun22

Jun23

Cash-to-Debt

No Debt

Western Mines Group Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Western Mines Group's Cash-to-Debt

For the Gold subindustry, Western Mines Group'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.

Western Mines Group's Cash-to-Debt Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Western Mines Group's Cash-to-Debt falls into.

Western Mines Group 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.

Western Mines Group's Cash to Debt Ratio for the fiscal year that ended in Jun. 2023 is calculated as:

Western Mines Group had no debt ⁽¹⁾.

Western Mines Group's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Western Mines Group had no debt ⁽¹⁾.

Western Mines Group (ASX:WMG) 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.

Western Mines Group Cash-to-Debt Related Terms

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Western Mines Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Western Mines Group Ltd (ASX:WMG) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

33 Ord Street, Level 3, West Perth, WA, AUS, 6005

Website

https://www.westernmines.com.au

Western Mines Group Ltd is a mineral exploration company engaged in the exploration and discovery of high-value gold and nickel sulphide deposits across a portfolio prospective projects located on mineral belts of Western Australia. Some of its projects include Mulga Tank Ni-Cu-PGE Project, Melita Gold Project, Jasper Hill Gold Project, Youanmi Gold Project, Pavarotti Ni-Cu-PGE Project, Rock of Ages Gold Project, Broken Hill Bore Gold Project, and Pinyalling Gold Project.