NexGen Energy (NexGen Energy) Cash-to-Debt : 1.81 (As of Dec. 2023)

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What is NexGen 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. NexGen Energy's cash to debt ratio for the quarter that ended in Dec. 2023 was 1.81.

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, NexGen Energy 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 NexGen Energy's Cash-to-Debt or its related term are showing as below:

NXE' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.32 Med: 1.4 Max: No Debt
Current: 1.81

During the past 12 years, NexGen Energy's highest Cash to Debt Ratio was No Debt. The lowest was 0.32. And the median was 1.40.

NXE's Cash-to-Debt is ranked better than
51.69% of 178 companies
in the Other Energy Sources industry
Industry Median: 1.43 vs NXE: 1.81

NexGen Energy Cash-to-Debt Historical Data

The historical data trend for NexGen 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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NexGen Energy Cash-to-Debt Chart

NexGen Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.43

0.32

2.81

1.70

1.81

NexGen Energy Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															1.70	1.80	1.33	1.98	1.81

Competitive Comparison of NexGen Energy's Cash-to-Debt

For the Uranium subindustry, NexGen 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.

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

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

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

NexGen 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.

NexGen Energy'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)
	=	216.714	/	(0.69	+	118.883)
	=	1.81

NexGen Energy'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)
	=	216.714	/	(0.69	+	118.883)
	=	1.81

NexGen Energy (NYSE:NXE) 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.

NexGen Energy Cash-to-Debt Related Terms

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NexGen Energy (NexGen Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » NexGen Energy Ltd (NYSE:NXE) » Definitions » Cash-to-Debt

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Traded in Other Exchanges

6NE:Germany NXE:Canada NXG:Australia

Address

1021 West Hastings Street, Suite 3150, Vancouver, BC, CAN, V6E 0C3

Website

https://www.nexgenenergy.ca

NexGen Energy Ltd is a mineral exploration company. It is engaged in the acquisition, exploration, evaluation and development of uranium properties in Canada. The company's projects portfolio consists of ROOK I, Radio Property, and the IsoEnergy, at the Athabasca Basin. The Rook I property hosts the world-class Arrow Zone, the Bow discovery. as well as the discovered Harpoon area located northeast of the Arrow deposit.