Rincon Resources (ASX:RCR) Cash-to-Debt : 24.51 (As of Dec. 2023)

View and export this data going back to 2020. Start your Free Trial

What is Rincon Resources 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. Rincon Resources's cash to debt ratio for the quarter that ended in Dec. 2023 was 24.51.

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

ASX:RCR' s Cash-to-Debt Range Over the Past 10 Years
Min: 3.62 Med: 24.51 Max: No Debt
Current: 24.51

During the past 4 years, Rincon Resources's highest Cash to Debt Ratio was No Debt. The lowest was 3.62. And the median was 24.51.

ASX:RCR's Cash-to-Debt is ranked better than
52.16% of 2636 companies
in the Metals & Mining industry
Industry Median: 17.81 vs ASX:RCR: 24.51

Rincon Resources Cash-to-Debt Historical Data

The historical data trend for Rincon Resources'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.

* Premium members only.

Rincon Resources Cash-to-Debt Chart

Rincon Resources Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

76.68

No Debt

17.41

3.62

Rincon Resources Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial			No Debt	17.41	23.83	3.62	24.51

Competitive Comparison of Rincon Resources's Cash-to-Debt

For the Other Precious Metals & Mining subindustry, Rincon Resources'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.

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

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

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

Rincon Resources 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.

Rincon Resources'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)
	=	0.228	/	(0.039	+	0.024)
	=	3.62

Rincon Resources'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)
	=	1.054	/	(0.04	+	0.003)
	=	24.51

Rincon Resources (ASX:RCR) 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.

Rincon Resources Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Rincon Resources's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Rincon Resources (ASX:RCR) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

295 Rokeby Road, Suite 1, Subiaco, Perth, WA, AUS, 6008

Website

https://www.rinconresources.com.au

Rincon Resources Ltd is engaged in the acquisition, exploration, and development of resource projects in Western Australia with a focus on gold and base metals. Its projects include the South Telfer project, Laverton project, and Kiwirrkurra project. The firm is managed on the basis of the evaluation of its gold and copper exploration tenements in Australia and its corporate activities.

Rincon Resources (ASX:RCR) Headlines

No Headlines