Taiton Resources (ASX:T88) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is Taiton 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. Taiton Resources'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, Taiton 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 Taiton Resources's Cash-to-Debt or its related term are showing as below:

ASX:T88' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.23 Med: No Debt Max: No Debt
Current: 179.71

During the past 2 years, Taiton Resources's highest Cash to Debt Ratio was No Debt. The lowest was 0.23. And the median was No Debt.

ASX:T88's Cash-to-Debt is ranked better than
62.22% of 2647 companies
in the Metals & Mining industry
Industry Median: 18.3 vs ASX:T88: 179.71

Taiton Resources Cash-to-Debt Historical Data

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

Taiton Resources Annual Data

Trend

Jun22

Jun23

Cash-to-Debt

0.23

330.50

Taiton Resources Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	No Debt	0.23	No Debt	330.50	No Debt

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

For the Other Precious Metals & Mining subindustry, Taiton 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.

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

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

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

Taiton 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.

Taiton Resources'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)
	=	4.627	/	(0.014	+	0)
	=	330.50

Taiton Resources's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Taiton Resources had no debt ⁽¹⁾.

Taiton Resources (ASX:T88) 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.

Taiton Resources Cash-to-Debt Related Terms

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

Taiton Resources (ASX:T88) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Taiton Resources Ltd (ASX:T88) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

200 Queen Street, Level 13, Melbourne, VIC, AUS, 3000

Website

https://www.taiton.com.au

Taiton Resources Ltd is an early-stage mineral exploration focussed on discovering large-scale mineral deposits in South Australia and Western Australia. The firm has a focus on Australian gold and other polymetallic commodities. It holds interest in Lake Barlee Project, Highway Project, and Challenger West Prospect.

Taiton Resources (ASX:T88) Headlines

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Taiton Resources (ASX:T88) Cash-to-Debt : No Debt (1) (As of Dec. 2023)