Atrum Coal (ASX:ATU) Cash-to-Debt : No Debt ⁽¹⁾ (As of Jun. 2023)

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What is Atrum Coal 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. Atrum Coal'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, Atrum Coal 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 Atrum Coal's Cash-to-Debt or its related term are showing as below:

ASX:ATU' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.04 Med: 5018.05 Max: No Debt
Current: No Debt

During the past 12 years, Atrum Coal's highest Cash to Debt Ratio was No Debt. The lowest was 0.04. And the median was 5018.05.

ASX:ATU's Cash-to-Debt is not ranked
in the Steel industry.
Industry Median: 0.44 vs ASX:ATU: No Debt

Atrum Coal Cash-to-Debt Historical Data

The historical data trend for Atrum Coal'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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Atrum Coal Cash-to-Debt Chart

Atrum Coal Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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No Debt

Atrum Coal 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 of Atrum Coal's Cash-to-Debt

For the Coking Coal subindustry, Atrum Coal'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.

Atrum Coal's Cash-to-Debt Distribution in the Steel Industry

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

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

Atrum Coal 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.

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

Atrum Coal had no debt ⁽¹⁾.

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

Atrum Coal had no debt ⁽¹⁾.

Atrum Coal (ASX:ATU) 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.

Atrum Coal Cash-to-Debt Related Terms

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

Atrum Coal (ASX:ATU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Atrum Coal Ltd (ASX:ATU) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Level 5, 126 Phillip Street, Sydney, NSW, AUS, 2000

Website

https://www.atrumcoal.com

Atrum Coal Ltd is engaged in hard coking coal exploration and development in Alberta, Canada and anthracite in British Columbia, Canada. Its flagship asset is the 100%-owned Elan Hard Coking Coal Project, which is located in the Crowsnest Pass area of southern Alberta, Canada. Elan hosts large-scale, shallow, thick, Tier 1 hard coking coal (HCC) deposits of the Mist Mountain Formation. Its project includes Groundhog and Panorama Anthracite Project located in northern British Columbia, Canada.

Atrum Coal (ASX:ATU) Headlines

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Atrum Coal (ASX:ATU) Cash-to-Debt : No Debt (1) (As of Jun. 2023)