Rome Resources (LSE:RMR) Cash-to-Debt : No Debt ⁽¹⁾ (As of Jun. 2024)

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What is Rome 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. Rome Resources's cash to debt ratio for the quarter that ended in Jun. 2024 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, Rome Resources could pay off its debt using the cash in hand for the quarter that ended in Jun. 2024.

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

LSE:RMR' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.58 Med: No Debt Max: No Debt
Current: No Debt

During the past 13 years, Rome Resources's highest Cash to Debt Ratio was No Debt. The lowest was 0.58. And the median was No Debt.

LSE:RMR's Cash-to-Debt is ranked better than
99.96% of 2585 companies
in the Metals & Mining industry
Industry Median: 20.02 vs LSE:RMR: No Debt

Rome Resources Cash-to-Debt Historical Data

The historical data trend for Rome 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.

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Rome Resources Cash-to-Debt Chart

Rome Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

0.58

No Debt

Rome Resources Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	0.58	No Debt	No Debt	No Debt

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

For the Other Industrial Metals & Mining subindustry, Rome 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.

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

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

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

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Rome 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.

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

Rome Resources had no debt ⁽¹⁾.

Rome Resources's Cash to Debt Ratio for the quarter that ended in Jun. 2024 is calculated as:

Rome Resources had no debt ⁽¹⁾.

Rome Resources (LSE:RMR) 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.

Rome Resources Cash-to-Debt Related Terms

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Rome Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Rome Resources PLC (LSE:RMR) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

P6Y:Germany

Address

35 Berkeley Square, London, GBR, W1J 5BF

Website

http://www.pathfinderminerals.com

Rome Resources PLC formerly Pathfinder Minerals PLC is a natural resources company, seeking to mine heavy mineral sands in countries that include Mozambique and Cameroon, and pursue opportunities in battery metals projects in countries including Zimbabwe, Madagascar, and Malawi. The firm has a license to mine land on the Indian Ocean coast of Zambezia province of Mozambique. It is looking for heavy minerals such as ilmenite, rutile, and zircon, which are used in the manufacture of products across the industrial sectors.