Energy Resources of Australia (Energy Resources of Australia) Cash-to-Debt : 395.58 (As of Jun. 2023)

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What is Energy Resources of Australia 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. Energy Resources of Australia's cash to debt ratio for the quarter that ended in Jun. 2023 was 395.58.

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, Energy Resources of Australia could pay off its debt using the cash in hand for the quarter that ended in Jun. 2023.

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

EGRAY' s Cash-to-Debt Range Over the Past 10 Years
Min: 6.59 Med: 6232.65 Max: No Debt
Current: 319.05

During the past 13 years, Energy Resources of Australia's highest Cash to Debt Ratio was No Debt. The lowest was 6.59. And the median was 6232.65.

EGRAY's Cash-to-Debt is ranked better than
79.89% of 179 companies
in the Other Energy Sources industry
Industry Median: 1.81 vs EGRAY: 319.05

Energy Resources of Australia Cash-to-Debt Historical Data

The historical data trend for Energy Resources of Australia'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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Energy Resources of Australia Cash-to-Debt Chart

Energy Resources of Australia Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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49.93

185.24

2,447.76

6.59

319.15

Energy Resources of Australia Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															2,447.76	173.07	6.59	395.58	319.15

Competitive Comparison of Energy Resources of Australia's Cash-to-Debt

For the Uranium subindustry, Energy Resources of Australia'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.

Energy Resources of Australia's Cash-to-Debt Distribution in the Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, Energy Resources of Australia's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Energy Resources of Australia's Cash-to-Debt falls into.

Energy Resources of Australia 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.

Energy Resources of Australia'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)
	=	145.215	/	(0.197	+	0.258)
	=	319.15

Energy Resources of Australia's Cash to Debt Ratio for the quarter that ended in Jun. 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)
	=	219.152	/	(0.195	+	0.359)
	=	395.58

Energy Resources of Australia (OTCPK:EGRAY) 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.

Energy Resources of Australia Cash-to-Debt Related Terms

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

Energy Resources of Australia (Energy Resources of Australia) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Energy Resources of Australia Ltd (OTCPK:EGRAY) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

EGRAF:USA EJ7:Germany ERA:Australia

Address

18-20 Cavenagh Street, GPO Box 2394, Level 3, Energy House, Darwin, NT, AUS, 0801

Website

http://www.energyres.com.au

Energy Resources of Australia Ltd (ERA) is engaged in mining, processing, and sale of uranium oxide. It operates the Ranger uranium mine. The Ranger mine's operational infrastructure lies within the 79-square kilometer Ranger Project Area, which is located eight kilometers east of Jabiru and 260 kilometers east of Darwin, in the Northern Territory of Australia.

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