Hexagon Energy Materials (ASX:HXG) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is Hexagon Energy Materials 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. Hexagon Energy Materials'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, Hexagon Energy Materials 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 Hexagon Energy Materials's Cash-to-Debt or its related term are showing as below:

ASX:HXG' s Cash-to-Debt Range Over the Past 10 Years
Min: 14.22 Med: No Debt Max: No Debt
Current: No Debt

During the past 13 years, Hexagon Energy Materials's highest Cash to Debt Ratio was No Debt. The lowest was 14.22. And the median was No Debt.

ASX:HXG's Cash-to-Debt is ranked better than
99.96% of 2643 companies
in the Metals & Mining industry
Industry Median: 18.42 vs ASX:HXG: No Debt

Hexagon Energy Materials Cash-to-Debt Historical Data

The historical data trend for Hexagon Energy Materials'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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Hexagon Energy Materials Cash-to-Debt Chart

Hexagon Energy Materials Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

19.45

187.11

No Debt

Hexagon Energy Materials 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															201.89	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Hexagon Energy Materials's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, Hexagon Energy Materials'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.

Hexagon Energy Materials's Cash-to-Debt Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Hexagon Energy Materials's Cash-to-Debt falls into.

Hexagon Energy Materials 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.

Hexagon Energy Materials's Cash to Debt Ratio for the fiscal year that ended in Jun. 2023 is calculated as:

Hexagon Energy Materials had no debt ⁽¹⁾.

Hexagon Energy Materials's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Hexagon Energy Materials had no debt ⁽¹⁾.

Hexagon Energy Materials (ASX:HXG) 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.

Hexagon Energy Materials Cash-to-Debt Related Terms

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Hexagon Energy Materials (ASX:HXG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Hexagon Energy Materials Ltd (ASX:HXG) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

F93:Germany

Address

45 Ventnor Avenue, West Perth, WA, AUS, 6005

Website

https://www.hxgenergymaterials.com.au

Hexagon Energy Materials Ltd is a mineral exploration company focused on downstream graphite and rare earth processing. Projects of company include Graphite project which includes McIntosh Graphite Project in the Kimberley region of Western Australia and Ceylon Graphite Project in Alabama, USA. its other project include Halls Creek Project - Gold and Base Metals, WAH2 Hydrogen project , McIntosh Project - Nickel-Copper and PGM. Halls Creek Project - Gold and Base Metals is located in the historic gold and base metals mining province of the East Kimberley region of Western Australia.

Hexagon Energy Materials (ASX:HXG) Headlines

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Hexagon Energy Materials (ASX:HXG) Cash-to-Debt : No Debt (1) (As of Dec. 2023)