Australian Gold and Copper (ASX:AGC) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is Australian Gold and Copper 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. Australian Gold and Copper's cash to debt ratio for the quarter that ended in Dec. 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, Australian Gold and Copper 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 Australian Gold and Copper's Cash-to-Debt or its related term are showing as below:

ASX:AGC' 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 4 years, Australian Gold and Copper's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

ASX:AGC's Cash-to-Debt is ranked better than
99.92% of 2645 companies
in the Metals & Mining industry
Industry Median: 18.37 vs ASX:AGC: No Debt

Australian Gold and Copper Cash-to-Debt Historical Data

The historical data trend for Australian Gold and Copper'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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Australian Gold and Copper Cash-to-Debt Chart

Australian Gold and Copper Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

No Debt

Australian Gold and Copper Semi-Annual Data
	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 of Australian Gold and Copper's Cash-to-Debt

For the Gold subindustry, Australian Gold and Copper'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.

Australian Gold and Copper's Cash-to-Debt Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Australian Gold and Copper's Cash-to-Debt falls into.

Australian Gold and Copper 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.

Australian Gold and Copper's Cash to Debt Ratio for the fiscal year that ended in Jun. 2023 is calculated as:

Australian Gold and Copper had no debt ⁽¹⁾.

Australian Gold and Copper's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Australian Gold and Copper had no debt ⁽¹⁾.

Australian Gold and Copper (ASX:AGC) 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.

Australian Gold and Copper Cash-to-Debt Related Terms

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

Australian Gold and Copper (ASX:AGC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Australian Gold and Copper Ltd (ASX:AGC) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

55 Hampden Road, Suite 7, Nedlands, Perth, WA, AUS, 6009

Website

https://www.austgoldcopper.com.au

Australian Gold and Copper Ltd is engaged in exploring and developing gold exploration projects with demonstrated high discovery potential. Its projects include the Moorefield project, Derriwong project, Rast project, Gundagai project, and Cargelligo project.