Ioneer (ASX:INR) Cash-to-Debt : 189.21 (As of Dec. 2023)

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What is Ioneer 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. Ioneer's cash to debt ratio for the quarter that ended in Dec. 2023 was 189.21.

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

ASX:INR' s Cash-to-Debt Range Over the Past 10 Years
Min: 114.76 Med: No Debt Max: No Debt
Current: 189.21

During the past 13 years, Ioneer's highest Cash to Debt Ratio was No Debt. The lowest was 114.76. And the median was No Debt.

ASX:INR's Cash-to-Debt is ranked better than
62.25% of 2636 companies
in the Metals & Mining industry
Industry Median: 17.92 vs ASX:INR: 189.21

Ioneer Cash-to-Debt Historical Data

The historical data trend for Ioneer'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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Ioneer Cash-to-Debt Chart

Ioneer Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

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No Debt

114.76

251.99

369.19

248.53

Ioneer 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															230.78	N/A	248.53	N/A	189.21

Competitive Comparison of Ioneer's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, Ioneer'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.

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

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

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

Ioneer 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.

Ioneer'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)
	=	78.536	/	(0.2	+	0.116)
	=	248.53

Ioneer'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)
	=	41.816	/	(0.131	+	0.09)
	=	189.21

Ioneer (ASX:INR) 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.

Ioneer Cash-to-Debt Related Terms

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Ioneer (ASX:INR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Ioneer Ltd (ASX:INR) » Definitions » Cash-to-Debt

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Traded in Other Exchanges

IONR:USA GSCCF:USA

Address

213 Miller Street, Level 16, Suite 16.01, North Sydney, Sydney, NSW, AUS, 2060

Website

https://www.ioneer.com

Ioneer Ltd is a mineral exploration company. The company's focus is on the Rhyolite Ridge Lithium-Boron Project located in Nevada, USA. Geographically, the group has a business presence in Australia and North America. The company's focus is to develop a U.S. based source of lithium and boron that can be extracted in an environmentally and socially responsible manner, providing two materials that are essential to achieve a sustainable future for the planet.