Orange Minerals NL (ASX:OMX) Cash-to-Debt : 22.58 (As of Dec. 2023)

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What is Orange Minerals NL 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. Orange Minerals NL's cash to debt ratio for the quarter that ended in Dec. 2023 was 22.58.

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, Orange Minerals NL could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

ASX:OMX' s Cash-to-Debt Range Over the Past 10 Years
Min: 22.58 Med: 29.49 Max: No Debt
Current: 22.58

During the past 2 years, Orange Minerals NL's highest Cash to Debt Ratio was No Debt. The lowest was 22.58. And the median was 29.49.

ASX:OMX's Cash-to-Debt is ranked better than
51.53% of 2645 companies
in the Metals & Mining industry
Industry Median: 18.37 vs ASX:OMX: 22.58

Orange Minerals NL Cash-to-Debt Historical Data

The historical data trend for Orange Minerals NL'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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Orange Minerals NL Cash-to-Debt Chart

Orange Minerals NL Annual Data

Trend

Jun22

Jun23

Cash-to-Debt

39.02

27.25

Orange Minerals NL Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	No Debt	39.02	29.49	27.25	22.58

Competitive Comparison of Orange Minerals NL's Cash-to-Debt

For the Other Precious Metals & Mining subindustry, Orange Minerals NL'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.

Orange Minerals NL's Cash-to-Debt Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Orange Minerals NL's Cash-to-Debt falls into.

Orange Minerals NL 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.

Orange Minerals NL'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)
	=	2.861	/	(0.035	+	0.07)
	=	27.25

Orange Minerals NL'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)
	=	1.987	/	(0.037	+	0.051)
	=	22.58

Orange Minerals NL (ASX:OMX) 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.

Orange Minerals NL Cash-to-Debt Related Terms

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Orange Minerals NL (ASX:OMX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Orange Minerals NL (ASX:OMX) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

7 Havelock Street, Level 2, West Perth, Perth, WA, AUS, 6005

Website

https://www.orangeminerals.com.au

Orange Minerals NL is a gold and copper exploration company. The company has only one operating segment which is exploration in Australia. The key projects of the company are Calarie Project, the Wisemans Creek Project, the Copper Hill Project, the Boda Project, the Majestic Project and the Kurnalpi Project.

Orange Minerals NL (ASX:OMX) Headlines

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