Thungela Resources (LSE:TGA) Cash-to-Debt : 55.50 (As of Jun. 2024)

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What is Thungela 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. Thungela Resources's cash to debt ratio for the quarter that ended in Jun. 2024 was 55.50.

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, Thungela Resources could pay off its debt using the cash in hand for the quarter that ended in Jun. 2024.

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

LSE:TGA' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.27 Med: 62.42 Max: No Debt
Current: 55.49

During the past 6 years, Thungela Resources's highest Cash to Debt Ratio was No Debt. The lowest was 0.27. And the median was 62.42.

LSE:TGA's Cash-to-Debt is ranked better than
72.07% of 179 companies
in the Other Energy Sources industry
Industry Median: 1.72 vs LSE:TGA: 55.49

Thungela Resources Cash-to-Debt Historical Data

The historical data trend for Thungela 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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Thungela Resources Cash-to-Debt Chart

Thungela Resources Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.48

0.27

47.60

96.79

77.77

Thungela Resources Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Cash-to-Debt	Get a 7-Day Free Trial						69.34	96.79	97.58	77.77	55.50

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

For the Thermal Coal subindustry, Thungela 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.

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

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

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

Thungela 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.

Thungela Resources'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)
	=	435.261	/	(4.24	+	1.357)
	=	77.77

Thungela Resources's Cash to Debt Ratio for the quarter 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)
	=	288.74	/	(3.881	+	1.322)
	=	55.49

Thungela Resources (LSE:TGA) 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.

Thungela Resources Cash-to-Debt Related Terms

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Thungela Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Thungela Resources Ltd (LSE:TGA) » Definitions » Cash-to-Debt

Traded in Other Exchanges

TGA:South Africa TNGRF:USA TGAl:UK 6UP:Germany

Address

25 Bath Avenue, Rosebank, Johannesburg, GT, ZAF, 2196

Website

https://www.thungela.com

Thungela Resources Ltd is a pure-play producer and exporter of thermal coal in South Africa. It owns interests in various mining operations, namely Goedehoop, Greenside, Isibonelo, Khwezela, AAIC, Mafube Coal Mining, and Butsanani Energy which consist of both underground and open cast mines located in the Mpumalanga province of South Africa.