Emerald Resources NL (ASX:EMR) Cash-to-Debt : 1.83 (As of Dec. 2023)

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What is Emerald Resources NL 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. Emerald Resources NL's cash to debt ratio for the quarter that ended in Dec. 2023 was 1.83.

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, Emerald Resources NL 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 Emerald Resources NL's Cash-to-Debt or its related term are showing as below:

ASX:EMR' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.18 Med: No Debt Max: No Debt
Current: 1.83

During the past 13 years, Emerald Resources NL's highest Cash to Debt Ratio was No Debt. The lowest was 0.18. And the median was No Debt.

ASX:EMR's Cash-to-Debt is ranked worse than
64.06% of 2646 companies
in the Metals & Mining industry
Industry Median: 18.395 vs ASX:EMR: 1.83

Emerald Resources NL Cash-to-Debt Historical Data

The historical data trend for Emerald Resources NL'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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Emerald Resources NL Cash-to-Debt Chart

Emerald Resources NL Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

2.74

No Debt

Emerald Resources NL 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															0.18	No Debt	0.59	No Debt	1.83

Competitive Comparison of Emerald Resources NL's Cash-to-Debt

For the Gold subindustry, Emerald Resources NL'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.

Emerald Resources NL's Cash-to-Debt Distribution in the Metals & Mining Industry

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

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

Emerald Resources NL 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.

Emerald Resources NL's Cash to Debt Ratio for the fiscal year that ended in Jun. 2023 is calculated as:

Emerald Resources NL had no debt ⁽¹⁾.

Emerald Resources NL'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)
	=	116.241	/	(35.907	+	27.55)
	=	1.83

Emerald Resources NL (ASX:EMR) 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.

Emerald Resources NL Cash-to-Debt Related Terms

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Emerald Resources NL (ASX:EMR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Emerald Resources NL (ASX:EMR) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

EOGSF:USA

Address

1110 Hay Street, West Perth, Perth, WA, AUS, 6005

Website

https://www.emeraldresources.com.au

Emerald Resources NL is engaged in mineral exploration primarily in Cambodia and advancing the company's Okvau Gold Project. The company segment is based on geographical regions, namely Cambodia, Australia, and Corporate. The company's project includes Cambodia Gold project and the Magoffin County project.