Danakali (HAM:SO3) Cash-to-Debt

: No Debt ⁽¹⁾ (As of Jun. 2023)

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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. Danakali's cash to debt ratio for the quarter that ended in Jun. 2023 was No Debt ⁽¹⁾.

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, Danakali could pay off its debt using the cash in hand for the quarter that ended in Jun. 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 Danakali's Cash-to-Debt or its related term are showing as below:

HAM:SO3' s Cash-to-Debt Range Over the Past 10 Years
Min: No Debt Med: No Debt Max: No Debt
Current: No Debt

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

HAM:SO3's Cash-to-Debt is ranked better than
99.59% of 244 companies
in the Agriculture industry
Industry Median: 0.78 vs HAM:SO3: No Debt

Danakali Cash-to-Debt Historical Data

The historical data trend for Danakali'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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Danakali Annual Data

Trend

Jun13

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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No Debt

Danakali 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	No Debt	No Debt	No Debt	No Debt

Competitive Comparison

For the Agricultural Inputs subindustry, Danakali'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.

Danakali Cash-to-Debt Distribution

For the Agriculture industry and Basic Materials sector, Danakali's Cash-to-Debt distribution charts can be found below:

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

Danakali 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.

Danakali's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Danakali had no debt ⁽¹⁾.

Danakali's Cash to Debt Ratio for the quarter that ended in Jun. 2023 is calculated as:

Danakali had no debt ⁽¹⁾.

Danakali (HAM:SO3) 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.

Danakali Cash-to-Debt Related Terms

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

Danakali (HAM:SO3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Danakali Ltd (HAM:SO3) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

SBMSF:USA

Address

2A/300 Fitzgerald Street, Level 1, North Perth, WA, AUS, 6006

Website

https://www.danakali.com

Danakali Ltd is a potash mining company engaged in developing the Colluli Potash Project in Eritrea, East Africa. It generates the majority of its revenue in the form of interest.

Danakali (HAM:SO3) Headlines

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