Oakbay Resources and Energy (JSE:46926) Cash-to-Debt : 0.04 (As of Feb. 2017)

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What is Oakbay Resources and Energy 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. Oakbay Resources and Energy's cash to debt ratio for the quarter that ended in Feb. 2017 was 0.04.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Oakbay Resources and Energy couldn't pay off its debt using the cash in hand for the quarter that ended in Feb. 2017.

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

JSE:46926's Cash-to-Debt is not ranked ^*
in the Metals & Mining industry.
Industry Median: 17.59
* Ranked among companies with meaningful Cash-to-Debt only.

Oakbay Resources and Energy Cash-to-Debt Historical Data

The historical data trend for Oakbay Resources and Energy'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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Oakbay Resources and Energy Cash-to-Debt Chart

Oakbay Resources and Energy Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Cash-to-Debt

0.01

0.65

0.71

0.04

Oakbay Resources and Energy Semi-Annual Data
	Feb14	Aug14	Feb15	Aug15	Feb16	Aug16	Feb17
Cash-to-Debt	Get a 7-Day Free Trial			0.65	0.74	0.71	0.01	0.04

Competitive Comparison of Oakbay Resources and Energy's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, Oakbay Resources and Energy'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.

Oakbay Resources and Energy's Cash-to-Debt Distribution in the Metals & Mining Industry

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

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

Oakbay Resources and Energy 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.

Oakbay Resources and Energy's Cash to Debt Ratio for the fiscal year that ended in Feb. 2017 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)
	=	4.528	/	(47.2	+	71.646)
	=	0.04

Oakbay Resources and Energy's Cash to Debt Ratio for the quarter that ended in Feb. 2017 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)
	=	4.528	/	(47.2	+	71.646)
	=	0.04

Oakbay Resources and Energy (JSE:46926) 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.

Oakbay Resources and Energy Cash-to-Debt Related Terms

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Oakbay Resources and Energy (JSE:46926) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Oakbay Resources and Energy Ltd (JSE:46926) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.oakbay.co.za

Oakbay Resources and Energy Ltd mines for energy resources with a focus on uranium development and coal production. The company's Shiva Uranium project inferred uranium resources more than 190 million pounds and indicated and inferred gold resources more than 5 million ounces. It mines for gold deposits as a by-product and offers outsourced contracting to the mining industry. The company's segments consist of Gold Operations, Uranium Development, Central Services and Contract Mining. The majority of its revenues are derived from mining and sale of gold in the Republic of South Africa.

Oakbay Resources and Energy (JSE:46926) Headlines

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