White Energy Co (ASX:WEC) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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

ASX:WEC' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: No Debt Max: No Debt
Current: 0.05

During the past 13 years, White Energy Co's highest Cash to Debt Ratio was No Debt. The lowest was 0.01. And the median was No Debt.

ASX:WEC's Cash-to-Debt is ranked worse than
92.7% of 178 companies
in the Other Energy Sources industry
Industry Median: 1.915 vs ASX:WEC: 0.05

White Energy Co Cash-to-Debt Historical Data

The historical data trend for White Energy Co'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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White Energy Co Cash-to-Debt Chart

White Energy Co Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

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0.13

0.31

0.07

0.01

0.02

White Energy Co 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															No Debt	0.01	No Debt	0.02	No Debt

Competitive Comparison of White Energy Co's Cash-to-Debt

For the Thermal Coal subindustry, White Energy Co'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.

White Energy Co's Cash-to-Debt Distribution in the Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, White Energy Co's Cash-to-Debt distribution charts can be found below:

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

White Energy Co 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.

White Energy Co'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)
	=	0.772	/	(0	+	52.203)
	=	0.01

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

White Energy Co had no debt ⁽¹⁾.

White Energy Co (ASX:WEC) 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.

White Energy Co Cash-to-Debt Related Terms

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White Energy Co (ASX:WEC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » White Energy Co Ltd (ASX:WEC) » Definitions » Cash-to-Debt

Traded in Other Exchanges

WECFF:USA XPK:Germany

Address

167 Eagle Street, Level 7, Brisbane, QLD, AUS, 4000

Website

https://www.whiteenergyco.com

White Energy Co Ltd engages in the development and exploitation of binderless coal briquetting technology. It operates through the following segments: Coal Technology in Australia; Asia, South Africa, Coal Mining in the USA, UK and Mining Exploration in Australia. The company generates maximum revenue from Coal Technology in Australia segment. The Projects of the company involve: River Energy Joint Venture, Mountainside Coal Company Inc, Buckskin Project, Peabody Project Cessnock Research and Development and South Australian Coal.