DGMLF (De Grey Mining) Cash-to-Debt : 106.83 (As of Jun. 2024)

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What is De Grey Mining 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. De Grey Mining's cash to debt ratio for the quarter that ended in Jun. 2024 was 106.83.

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, De Grey Mining 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 De Grey Mining's Cash-to-Debt or its related term are showing as below:

DGMLF' s Cash-to-Debt Range Over the Past 10 Years
Min: 31.9 Med: 5053.42 Max: No Debt
Current: 106.83

During the past 13 years, De Grey Mining's highest Cash to Debt Ratio was No Debt. The lowest was 31.90. And the median was 5053.42.

DGMLF's Cash-to-Debt is ranked better than
59.5% of 2605 companies
in the Metals & Mining industry
Industry Median: 17.97 vs DGMLF: 106.83

De Grey Mining Cash-to-Debt Historical Data

The historical data trend for De Grey Mining'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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De Grey Mining Cash-to-Debt Chart

De Grey Mining Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Cash-to-Debt

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54.58

31.91

33.50

66.88

106.83

De Grey Mining 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															33.50	83.87	66.88	199.83	106.83

Competitive Comparison of De Grey Mining's Cash-to-Debt

For the Gold subindustry, De Grey Mining'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.

De Grey Mining's Cash-to-Debt Distribution in the Metals & Mining Industry

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

* The bar in red indicates where De Grey Mining's Cash-to-Debt falls into.

De Grey Mining 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.

De Grey Mining'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)
	=	575.811	/	(0.496	+	4.894)
	=	106.83

De Grey Mining'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)
	=	575.811	/	(0.496	+	4.894)
	=	106.83

De Grey Mining (OTCPK:DGMLF) 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.

De Grey Mining Cash-to-Debt Related Terms

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De Grey Mining Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » De Grey Mining Ltd (OTCPK:DGMLF) » Definitions » Cash-to-Debt

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Traded in Other Exchanges

DGD:Germany DGD:Germany DEG:Australia

Address

2 Kings Park Road, Ground Level, West Perth, Perth, WA, AUS, 6005

Website

https://www.degreymining.com.au

De Grey Mining Ltd is a Western Australian-based mining company that centers on the exploration of base and precious metals. The company's primary focus lies in the Pilbara region on the Hemi Gold Project. Geographically, it only operates in Australia.