Magmatic Resources (ASX:MAG) Cash-to-Debt : 1.36 (As of Dec. 2023)

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What is Magmatic 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. Magmatic Resources's cash to debt ratio for the quarter that ended in Dec. 2023 was 1.36.

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

ASX:MAG' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.36 Med: 5109.11 Max: No Debt
Current: 1.36

During the past 7 years, Magmatic Resources's highest Cash to Debt Ratio was No Debt. The lowest was 1.36. And the median was 5109.11.

ASX:MAG's Cash-to-Debt is ranked worse than
66.25% of 2643 companies
in the Metals & Mining industry
Industry Median: 18.42 vs ASX:MAG: 1.36

Magmatic Resources Cash-to-Debt Historical Data

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

Magmatic Resources Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

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No Debt

36.83

87.46

218.22

No Debt

Magmatic Resources Semi-Annual Data
	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial									145.89	218.22	No Debt	No Debt	1.36

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

For the Gold subindustry, Magmatic 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.

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

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

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

Magmatic 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.

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

Magmatic Resources had no debt ⁽¹⁾.

Magmatic 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)
	=	0.842	/	(0.037	+	0.581)
	=	1.36

Magmatic Resources (ASX:MAG) 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.

Magmatic Resources Cash-to-Debt Related Terms

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

Magmatic Resources (ASX:MAG) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

55 Hampden Road, Suite 7, Nedlands, Perth, WA, AUS, 6009

Website

https://www.magmaticresources.com

Magmatic Resources Ltd is an Australian focused mineral exploration company. The projects include Wellington North Gold and Copper-Gold Project, Parkes Project, Myall Gold-Copper Project, and Base Metals Project It operates in one segment being gold exploration projects in Australia.