Bannerman Energy (ASX:BMN) Cash-to-Debt : 1,134.94 (As of Dec. 2023)

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What is Bannerman 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. Bannerman Energy's cash to debt ratio for the quarter that ended in Dec. 2023 was 1,134.94.

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

ASX:BMN' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.22 Med: 6622.81 Max: No Debt
Current: 1134.94

During the past 13 years, Bannerman Energy's highest Cash to Debt Ratio was No Debt. The lowest was 0.22. And the median was 6622.81.

ASX:BMN's Cash-to-Debt is ranked better than
82.58% of 178 companies
in the Other Energy Sources industry
Industry Median: 1.43 vs ASX:BMN: 1134.94

Bannerman Energy Cash-to-Debt Historical Data

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

Bannerman Energy Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

90.74

778.44

3,245.63

2,661.81

Bannerman Energy Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	3,245.63	1,534.48	2,661.81	1,134.94

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

For the Uranium subindustry, Bannerman 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.

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

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

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

Bannerman 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.

Bannerman Energy's Cash to Debt Ratio for the fiscal year that ended in Jun. 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)
	=	42.589	/	(0.016	+	0)
	=	2,661.81

Bannerman 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)
	=	35.183	/	(0.031	+	0)
	=	1,134.94

Bannerman Energy (ASX:BMN) 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.

Bannerman Energy Cash-to-Debt Related Terms

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Bannerman Energy (ASX:BMN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Bannerman Energy Ltd (ASX:BMN) » Definitions » Cash-to-Debt

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Traded in Other Exchanges

BNNLF:USA BH6:Germany

Address

245 Churchill Avenue, Suite 7, Subiaco, WA, AUS, 6008

Website

https://www.bannermanenergy.com

Bannerman Energy Ltd is an operator of a uranium exploration company intended to be the next generation of uranium suppliers. As part of a Definitive Feasibility Study (DFS), the company plans to develop large open-pit uranium operations, as well as establish Environmental, Social, and Governance (ESG), which will enable best-practice governance across all aspects of the operation.

Bannerman Energy (ASX:BMN) Headlines

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