New Talisman Gold Mines (ASX:NTL) Cash-to-Debt : 1.60 (As of Sep. 2023)

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What is New Talisman Gold Mines 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. New Talisman Gold Mines's cash to debt ratio for the quarter that ended in Sep. 2023 was 1.60.

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, New Talisman Gold Mines could pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

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

ASX:NTL' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.94 Med: No Debt Max: No Debt
Current: 1.6

During the past 13 years, New Talisman Gold Mines's highest Cash to Debt Ratio was No Debt. The lowest was 0.94. And the median was No Debt.

ASX:NTL's Cash-to-Debt is ranked worse than
64.79% of 2647 companies
in the Metals & Mining industry
Industry Median: 18.3 vs ASX:NTL: 1.60

New Talisman Gold Mines Cash-to-Debt Historical Data

The historical data trend for New Talisman Gold Mines'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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New Talisman Gold Mines Cash-to-Debt Chart

New Talisman Gold Mines Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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No Debt

17.15

10.20

1.95

New Talisman Gold Mines Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial															17.73	10.20	0.94	1.95	1.60

Competitive Comparison of New Talisman Gold Mines's Cash-to-Debt

For the Gold subindustry, New Talisman Gold Mines'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.

New Talisman Gold Mines's Cash-to-Debt Distribution in the Metals & Mining Industry

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

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

New Talisman Gold Mines 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.

New Talisman Gold Mines's Cash to Debt Ratio for the fiscal year that ended in Mar. 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)
	=	1.849	/	(0.947	+	0)
	=	1.95

New Talisman Gold Mines's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	1.482	/	(0.926	+	0)
	=	1.60

New Talisman Gold Mines (ASX:NTL) 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.

New Talisman Gold Mines Cash-to-Debt Related Terms

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New Talisman Gold Mines (ASX:NTL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » New Talisman Gold Mines Ltd (ASX:NTL) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

NTL:New Zealand

Address

2b Gibraltar Cres, Parnell, Auckland, NTL, NZL, 1052

Website

https://www.newtalisman.co.nz

New Talisman Gold Mines Ltd is engaged in mine development and mineral exploration. The company's projects include the Talisman mine project. The Talisman mine comprises the Maria, crown or welcome, and mystery veins. The Talisman permit and the Karangahake gold project are located in the southern part of the Coromandel volcanic zone, a north-northwest trending zone of Miocene to early Quaternary sub-aerial calc-alkaline volcanic, During the current period, the company had one business segment - mineral exploration, within New Zealand and Vanuatu.

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