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Kali Metals (STU:6OB) Cash-to-Debt : No Debt (1) (As of Dec. 2023)


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

STU:6OB' s Cash-to-Debt Range Over the Past 10 Years
Min: 36.17   Med: 5018.08   Max: No Debt
Current: 36.17

During the past 2 years, Kali Metals's highest Cash to Debt Ratio was No Debt. The lowest was 36.17. And the median was 5018.08.

STU:6OB's Cash-to-Debt is ranked better than
54.3% of 2606 companies
in the Metals & Mining industry
Industry Median: 17.89 vs STU:6OB: 36.17

Kali Metals Cash-to-Debt Historical Data

The historical data trend for Kali 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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Kali Metals Cash-to-Debt Chart

Kali Metals Annual Data
Trend Jun23 Jun24
Cash-to-Debt
No Debt 36.22

Kali Metals Semi-Annual Data
Jun23 Dec23 Jun24
Cash-to-Debt No Debt No Debt 36.22

Competitive Comparison of Kali Metals's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, Kali 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.

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

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

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


Kali 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.

Kali 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)
=5.868 / (0.052 + 0.11)
=36.22

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

Kali Metals 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.

Kali Metals  (STU:6OB) 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.

Kali Metals Cash-to-Debt Related Terms

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Kali Metals Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Kali Metals Ltd (STU:6OB) » Definitions » Cash-to-Debt
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Traded in Other Exchanges
KM1:Australia
Address
34 Colin Street, Ground Floor, West Perth, WA, AUS, 6005
Website
https://www.kalimetals.com.au
Kali Metals Ltd is focused on exploring and developing lithium resources in Australia. Its project includes Pear Creek, DOM's Hill, Marble Bar, Jingellic and Tallangatta and Higginsville lithium projects.

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