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East Star Resources (LSE:EST) Cash-to-Debt : No Debt (1) (As of Jun. 2024)


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What is East Star 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. East Star Resources's cash to debt ratio for the quarter that ended in Jun. 2024 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, East Star Resources could pay off its debt using the cash in hand for the quarter that ended in Jun. 2024.

(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 East Star Resources's Cash-to-Debt or its related term are showing as below:

LSE:EST' s Cash-to-Debt Range Over the Past 10 Years
Min: No Debt   Med: No Debt   Max: No Debt
Current: No Debt

During the past 3 years, East Star Resources's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

LSE:EST's Cash-to-Debt is ranked better than
99.96% of 2606 companies
in the Metals & Mining industry
Industry Median: 17.89 vs LSE:EST: No Debt

East Star Resources Cash-to-Debt Historical Data

The historical data trend for East Star 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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East Star Resources Cash-to-Debt Chart

East Star Resources Annual Data
Trend Nov21 Dec22 Dec23
Cash-to-Debt
No Debt No Debt No Debt

East Star Resources Semi-Annual Data
May21 Nov21 May22 Dec22 Jun23 Dec23 Jun24
Cash-to-Debt Get a 7-Day Free Trial No Debt No Debt No Debt No Debt No Debt

Competitive Comparison of East Star Resources's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, East Star 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.

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

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

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


East Star 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.

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

East Star Resources had no debt (1).

East Star Resources's Cash to Debt Ratio for the quarter that ended in Jun. 2024 is calculated as:

East Star Resources had no debt (1).

* 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.

East Star Resources  (LSE:EST) 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.

East Star Resources Cash-to-Debt Related Terms

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

East Star Resources Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » East Star Resources PLC (LSE:EST) » Definitions » Cash-to-Debt
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Traded in Other Exchanges
5MM:Germany
Address
25 Eccleston Place, Eccleston Yards, London, GBR, SW1W 9NF
Website
https://www.eaststarplc.com
East Star Resources PLC is exploring gold, copper, and rare earths in Kazakhstan. The principal activity of the Company is of identifying potential companies, businesses or asset/(s) that have operations in the natural resources exploration, development, and production sector.

East Star Resources Headlines

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