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Gold Hydrogen (ASX:GHY) Cash-to-Debt : 150.40 (As of Jun. 2023)


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What is Gold Hydrogen 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. Gold Hydrogen's cash to debt ratio for the quarter that ended in Jun. 2023 was 150.40.

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, Gold Hydrogen could pay off its debt using the cash in hand for the quarter that ended in Jun. 2023.

The historical rank and industry rank for Gold Hydrogen's Cash-to-Debt or its related term are showing as below:

ASX:GHY' s Cash-to-Debt Range Over the Past 10 Years
Min: 150.4   Med: 5075.2   Max: No Debt
Current: 150.4

During the past 2 years, Gold Hydrogen's highest Cash to Debt Ratio was No Debt. The lowest was 150.40. And the median was 5075.20.

ASX:GHY's Cash-to-Debt is ranked better than
85.48% of 1019 companies
in the Oil & Gas industry
Industry Median: 0.5 vs ASX:GHY: 150.40

Gold Hydrogen Cash-to-Debt Historical Data

The historical data trend for Gold Hydrogen'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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Gold Hydrogen Cash-to-Debt Chart

Gold Hydrogen Annual Data
Trend Jun22 Jun23
Cash-to-Debt
No Debt 150.40

Gold Hydrogen Semi-Annual Data
Jun22 Jun23
Cash-to-Debt No Debt 150.40

Competitive Comparison of Gold Hydrogen's Cash-to-Debt

For the Oil & Gas E&P subindustry, Gold Hydrogen'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.

Gold Hydrogen's Cash-to-Debt Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Gold Hydrogen's Cash-to-Debt distribution charts can be found below:

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


Gold Hydrogen 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.

Gold Hydrogen'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)
=16.243 / (0.051 + 0.057)
=150.40

Gold Hydrogen's Cash to Debt Ratio for the quarter 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)
=16.243 / (0.051 + 0.057)
=150.40

* 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.

Gold Hydrogen  (ASX:GHY) 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.

Gold Hydrogen Cash-to-Debt Related Terms

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Gold Hydrogen (ASX:GHY) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Gold Hydrogen Ltd (ASX:GHY) » Definitions » Cash-to-Debt
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Traded in Other Exchanges
GHYLF:USA
Address
110 Eagle Street, Suite 3, Level 14, Brisbane, QLD, AUS, 4000
Website
https://www.goldhydrogen.com.au
Gold Hydrogen Ltd engages in the exploration of a natural hydrogen prospective resource in Australia. It holds 100% interest in the Ramsay Project, a Gold Hydrogen exploration project in South Australia.