Sabre Resources (FRA:SAL) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is Sabre Resources 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. Sabre Resources'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, Sabre Resources 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 Sabre Resources's Cash-to-Debt or its related term are showing as below:

FRA:SAL' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.17 Med: No Debt Max: No Debt
Current: No Debt

During the past 13 years, Sabre Resources's highest Cash to Debt Ratio was No Debt. The lowest was 0.17. And the median was No Debt.

FRA:SAL's Cash-to-Debt is ranked better than
99.92% of 2641 companies
in the Metals & Mining industry
Industry Median: 18.3 vs FRA:SAL: No Debt

Sabre Resources Cash-to-Debt Historical Data

The historical data trend for Sabre Resources'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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Sabre Resources Cash-to-Debt Chart

Sabre Resources Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

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0.79

No Debt

Sabre Resources 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															No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Sabre Resources's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, Sabre Resources'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.

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

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

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

Sabre Resources 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.

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

Sabre Resources had no debt ⁽¹⁾.

Sabre Resources's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Sabre Resources had no debt ⁽¹⁾.

Sabre Resources (FRA:SAL) 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.

Sabre Resources Cash-to-Debt Related Terms

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Sabre Resources (FRA:SAL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Sabre Resources Ltd (FRA:SAL) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

SBR:Australia

Address

Level 1, 8 Parliament Place, West Perth, Perth, WA, AUS, 6005

Website

https://www.sabresources.com

Sabre Resources Ltd explores for and develops mineral properties. It explores copper, zinc, vanadium, silver, and other semi-precious metals. The Company also focuses on its Sherlock Bay Nickel-Copper-Cobalt Project in the northwest Pilbara region of Western Australia, The firm is managed on the basis of its development and exploration of minerals in the geographical regions of Australia and Namibia and drives key revenue from Australia.