DRDGF (DRDGold) Cash-to-Debt : 29.77 (As of Dec. 2024)

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What is DRDGold 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. DRDGold's cash to debt ratio for the quarter that ended in Dec. 2024 was 29.77.

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, DRDGold could pay off its debt using the cash in hand for the quarter that ended in Dec. 2024.

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

DRDGF' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.13 Med: 19.01 Max: 61.97
Current: 29.78

During the past 13 years, DRDGold's highest Cash to Debt Ratio was 61.97. The lowest was 1.13. And the median was 19.01.

DRDGF's Cash-to-Debt is ranked better than
52.69% of 2585 companies
in the Metals & Mining industry
Industry Median: 20.93 vs DRDGF: 29.78

DRDGold Cash-to-Debt Historical Data

The historical data trend for DRDGold'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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DRDGold Cash-to-Debt Chart

DRDGold Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Cash-to-Debt

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36.43

39.59

48.09

61.96

17.44

DRDGold Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Jun21	Jun22	Jun23	Dec23	Jun24	Dec24
Cash-to-Debt	Get a 7-Day Free Trial															48.09	61.96	N/A	17.44	29.77

Competitive Comparison of DRDGold's Cash-to-Debt

For the Gold subindustry, DRDGold'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.

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

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

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

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DRDGold 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.

DRDGold'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)
	=	27.63	/	(0.374	+	1.21)
	=	17.44

DRDGold's Cash to Debt Ratio for the quarter that ended in Dec. 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)
	=	36.293	/	(0.412	+	0.807)
	=	29.77

DRDGold (OTCPK:DRDGF) 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.

DRDGold Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of DRDGold's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

DRDGold Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

DRD:South Africa DRD:USA 0ICU:UK DUBA:Germany DUB1:Germany DUBA:Germany DUB1:Germany

Address

Cnr 14th Avenue and Hendrik Potgieter Road, Constantia Office Park, Cycad House, Building 17, Ground Floor, Weltevreden Park, Johannesburg, ZAF, 1709

Website

https://www.drdgold.com

DRDGold Ltd is a South African gold mining company engaged in surface gold tailings retreatment including exploration, extraction, processing, and smelting. Its reportable operating segments are; Ergo, FWGR, and Corporate office and other reconciling items. The Ergo is a surface gold retreatment operation that treats old slime dams and sand dumps to the south of Johannesburg's central business district as well as the East and Central Rand goldfields; and the FWGR which is a surface gold retreatment operation and treats old slime dams in the West Rand goldfields. The Ergo segment derives a vast majority of the company's revenue.