Arizona Lithium (ASX:AZL) Cash-to-Debt : 9.85 (As of Dec. 2023)

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What is Arizona Lithium 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. Arizona Lithium's cash to debt ratio for the quarter that ended in Dec. 2023 was 9.85.

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

ASX:AZL' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: No Debt Max: No Debt
Current: 9.85

During the past 13 years, Arizona Lithium's highest Cash to Debt Ratio was No Debt. The lowest was 0.00. And the median was No Debt.

ASX:AZL's Cash-to-Debt is ranked worse than
54.06% of 2645 companies
in the Metals & Mining industry
Industry Median: 18.3 vs ASX:AZL: 9.85

Arizona Lithium Cash-to-Debt Historical Data

The historical data trend for Arizona Lithium'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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Arizona Lithium Cash-to-Debt Chart

Arizona Lithium Annual Data

Trend

Jun11

Jun12

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

622.94

1.23

Arizona Lithium Semi-Annual Data
	Dec12	Dec13	Dec14	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	622.94	16.39	1.23	9.85

Competitive Comparison of Arizona Lithium's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, Arizona Lithium'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.

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

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

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

Arizona Lithium 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.

Arizona Lithium'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)
	=	3.304	/	(0.646	+	2.05)
	=	1.23

Arizona Lithium'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)
	=	22.596	/	(0.608	+	1.685)
	=	9.85

Arizona Lithium (ASX:AZL) 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.

Arizona Lithium Cash-to-Debt Related Terms

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

Arizona Lithium (ASX:AZL) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

AZLAF:USA UDE0:Germany

Address

10 Outram Street, West Perth, Perth, WA, AUS, 6005

Website

https://www.arizonalithium.com

Arizona Lithium Ltd is an Australian company focused on the development and exploration of its US lithium assets. The company is engaged in the development of its Big Sandy Lithium Project in Arizona and Lordsburg Lithium Project in New Mexico.

Arizona Lithium (ASX:AZL) Headlines

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