Askari Metals (ASX:AS2) Cash-to-Debt : 1.16 (As of Dec. 2023)

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What is Askari Metals 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. Askari Metals's cash to debt ratio for the quarter that ended in Dec. 2023 was 1.16.

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

ASX:AS2' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.16 Med: 24.58 Max: 61.7
Current: 1.16

During the past 2 years, Askari Metals's highest Cash to Debt Ratio was 61.70. The lowest was 1.16. And the median was 24.58.

ASX:AS2's Cash-to-Debt is ranked worse than
67.07% of 2639 companies
in the Metals & Mining industry
Industry Median: 18.42 vs ASX:AS2: 1.16

Askari Metals Cash-to-Debt Historical Data

The historical data trend for Askari Metals'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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Askari Metals Cash-to-Debt Chart

Askari Metals Annual Data

Trend

Jun22

Jun23

Cash-to-Debt

46.81

61.70

Askari Metals Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	19.10	46.81	24.58	61.70	1.16

Competitive Comparison of Askari Metals's Cash-to-Debt

For the Other Precious Metals & Mining subindustry, Askari Metals'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.

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

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

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

Askari Metals 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.

Askari Metals'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)
	=	3.455	/	(0.036	+	0.02)
	=	61.70

Askari Metals'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)
	=	0.695	/	(0.6	+	0)
	=	1.16

Askari Metals (ASX:AS2) 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.

Askari Metals Cash-to-Debt Related Terms

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Askari Metals (ASX:AS2) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Askari Metals Ltd (ASX:AS2) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

7ZG:Germany

Address

17 Lacey Street, Perth, WA, AUS, 6000

Website

https://www.askarimetals.com

Askari Metals Ltd is engaged in the gold and lithium exploration. The company's projects are UiS Lithium Project, Nambia Australian Lithium and REE Portfolio and Gold-Copper Projects.

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