Heavy Rare Earths (ASX:HRE) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is Heavy Rare Earths 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. Heavy Rare Earths's cash to debt ratio for the quarter that ended in Dec. 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, Heavy Rare Earths could pay off its debt using the cash in hand for the quarter that ended in Dec. 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 Heavy Rare Earths's Cash-to-Debt or its related term are showing as below:

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

During the past 1 years, Heavy Rare Earths's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

ASX:HRE's Cash-to-Debt is ranked better than
99.92% of 2637 companies
in the Metals & Mining industry
Industry Median: 18.42 vs ASX:HRE: No Debt

Heavy Rare Earths Cash-to-Debt Historical Data

The historical data trend for Heavy Rare Earths'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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Heavy Rare Earths Cash-to-Debt Chart

Heavy Rare Earths Annual Data

Trend

Jun23

Cash-to-Debt

No Debt

Heavy Rare Earths Semi-Annual Data
	Jun22	Jun23	Dec23
Cash-to-Debt	No Debt	No Debt	No Debt

Competitive Comparison of Heavy Rare Earths's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, Heavy Rare Earths'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.

Heavy Rare Earths's Cash-to-Debt Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Heavy Rare Earths's Cash-to-Debt falls into.

Heavy Rare Earths 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.

Heavy Rare Earths's Cash to Debt Ratio for the fiscal year that ended in Jun. 2023 is calculated as:

Heavy Rare Earths had no debt ⁽¹⁾.

Heavy Rare Earths's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Heavy Rare Earths had no debt ⁽¹⁾.

Heavy Rare Earths (ASX:HRE) 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.

Heavy Rare Earths Cash-to-Debt Related Terms

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

Heavy Rare Earths (ASX:HRE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Heavy Rare Earths Ltd (ASX:HRE) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

459 Collins Street, Level 21, Melbourne, VIC, AUS, 3000

Website

https://www.hreltd.com.au

Heavy Rare Earths Ltd is an Australian rare earth exploration company with projects in Western Australia and the Northern Territory. The firm's key exploration project is Cowalinya in Western Australia. This is a clay-hosted rare earth project. It holds interest in Duke rare earth project. Rare earth materials are used in a wide array of technology and future-facing applications, including smartphones, wind energy, and hybrid and electric vehicles.

Heavy Rare Earths (ASX:HRE) Headlines

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Heavy Rare Earths (ASX:HRE) Cash-to-Debt : No Debt (1) (As of Dec. 2023)