Armada Metals (ASX:AMM) Cash-to-Debt : 0.23 (As of Jun. 2023)

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What is Armada Metals 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. Armada Metals's cash to debt ratio for the quarter that ended in Jun. 2023 was 0.23.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Armada Metals couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2023.

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

ASX:AMM' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.2 Med: 0.41 Max: 2.51
Current: 0.2

During the past 3 years, Armada Metals's highest Cash to Debt Ratio was 2.51. The lowest was 0.20. And the median was 0.41.

ASX:AMM's Cash-to-Debt is ranked worse than
84.21% of 2654 companies
in the Metals & Mining industry
Industry Median: 17.81 vs ASX:AMM: 0.20

Armada Metals Cash-to-Debt Historical Data

The historical data trend for Armada Metals'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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Armada Metals Cash-to-Debt Chart

Armada Metals Annual Data

Trend

Dec21

Dec22

Dec23

Cash-to-Debt

2.51

0.41

0.20

Armada Metals Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	2.51	1.03	0.41	0.23	0.20

Competitive Comparison of Armada Metals's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, Armada Metals'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.

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

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

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

Armada Metals 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.

Armada Metals's Cash to Debt Ratio for the fiscal year 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)
	=	1.858	/	(9.297	+	0)
	=	0.20

Armada Metals's Cash to Debt Ratio for the quarter 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)
	=	1.719	/	(7.607	+	0)
	=	0.23

Armada Metals (ASX:AMM) 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.

Armada Metals Cash-to-Debt Related Terms

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Armada Metals (ASX:AMM) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

151 Macquarie Street, Level 7, Sydney, NSW, AUS, 2000

Website

https://www.armadametals.com.au

Armada Metals Ltd is a mineral exploration and development company. It explores nickel, and copper deposits. The business is organized into one segment which is the exploration for metals in Gabon.

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