Castile Resources (ASX:CST) Cash-to-Debt : 71.26 (As of Dec. 2023)

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What is Castile 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. Castile Resources's cash to debt ratio for the quarter that ended in Dec. 2023 was 71.26.

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

ASX:CST' s Cash-to-Debt Range Over the Past 10 Years
Min: 56.09 Med: 87.66 Max: 116.47
Current: 71.26

During the past 5 years, Castile Resources's highest Cash to Debt Ratio was 116.47. The lowest was 56.09. And the median was 87.66.

ASX:CST's Cash-to-Debt is ranked better than
58.15% of 2643 companies
in the Metals & Mining industry
Industry Median: 18.42 vs ASX:CST: 71.26

Castile Resources Cash-to-Debt Historical Data

The historical data trend for Castile 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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Castile Resources Cash-to-Debt Chart

Castile Resources Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

No Debt

102.44

90.48

56.09

84.83

Castile Resources Semi-Annual Data
	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial			66.26	56.09	116.47	84.83	71.26

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

For the Other Industrial Metals & Mining subindustry, Castile 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.

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

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

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

Castile 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.

Castile Resources'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)
	=	5.429	/	(0.026	+	0.038)
	=	84.83

Castile Resources'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)
	=	3.777	/	(0.026	+	0.027)
	=	71.26

Castile Resources (ASX:CST) 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.

Castile Resources Cash-to-Debt Related Terms

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

Castile Resources (ASX:CST) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

CLRSF:USA

Address

17 Southport Street, Suite 1A, West Leederville, WA, AUS, 6007

Website

https://www.castile.com.au

Castile Resources Ltd is a mineral exploration and development company. Its projects include the Rover Project and the Warumpi Project. The Company operates predominantly in one business segment the exploration of minerals in one geographic segment, Australia.

Castile Resources (ASX:CST) Headlines

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