SREMF (Sunrise Energy Metals) Cash-to-Debt : 37.81 (As of Dec. 2023)

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What is Sunrise Energy Metals 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. Sunrise Energy Metals's cash to debt ratio for the quarter that ended in Dec. 2023 was 37.81.

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, Sunrise Energy Metals could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

SREMF' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.33 Med: 57.95 Max: No Debt
Current: 30.94

During the past 13 years, Sunrise Energy Metals's highest Cash to Debt Ratio was No Debt. The lowest was 1.33. And the median was 57.95.

SREMF's Cash-to-Debt is ranked better than
84.57% of 2994 companies
in the Industrial Products industry
Industry Median: 1.18 vs SREMF: 30.94

Sunrise Energy Metals Cash-to-Debt Historical Data

The historical data trend for Sunrise Energy Metals'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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Sunrise Energy Metals Cash-to-Debt Chart

Sunrise Energy Metals Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Cash-to-Debt

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29.86

91.77

84.56

182.15

30.93

Sunrise Energy Metals Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Cash-to-Debt	Get a 7-Day Free Trial															84.56	95.14	182.15	37.81	30.93

Competitive Comparison of Sunrise Energy Metals's Cash-to-Debt

For the Pollution & Treatment Controls subindustry, Sunrise Energy Metals'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.

Sunrise Energy Metals's Cash-to-Debt Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Sunrise Energy Metals's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Sunrise Energy Metals's Cash-to-Debt falls into.

Sunrise Energy Metals 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.

Sunrise Energy Metals's Cash to Debt Ratio for the fiscal year 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)
	=	5.814	/	(0.045	+	0.143)
	=	30.93

Sunrise Energy Metals's Cash to Debt Ratio for the quarter 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)
	=	8.508	/	(0.061	+	0.164)
	=	37.81

Sunrise Energy Metals (OTCPK:SREMF) 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.

Sunrise Energy Metals Cash-to-Debt Related Terms

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

Sunrise Energy Metals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Sunrise Energy Metals Ltd (OTCPK:SREMF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

4CQA:Germany SRL:Australia

Address

10-16 Queen Street, Unit 1, Level 6, Melbourne, VIC, AUS, 3000

Website

https://www.sunriseem.com

Sunrise Energy Metals Ltd is an Australia-based company engaged in the development of the Sunrise Battery Materials Complex (Sunrise Project), a nickel-cobalt-scandium deposit in New South Wales. It uses its Clean-iX resin technology for extraction and purification of a range of metals as well as progressing exploration activities at the company's other mineral tenements. Geographically, the company operates wholly in Australia.

Sunrise Energy Metals Headlines

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