Basin Energy (ASX:BSN) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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

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

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

ASX:BSN's Cash-to-Debt is ranked better than
99.44% of 178 companies
in the Other Energy Sources industry
Industry Median: 1.915 vs ASX:BSN: No Debt

Basin Energy Cash-to-Debt Historical Data

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

Basin Energy Annual Data

Trend

Jun22

Jun23

Cash-to-Debt

No Debt

Basin Energy Semi-Annual Data
	Dec22	Jun23	Dec23
Cash-to-Debt	No Debt	No Debt	No Debt

Competitive Comparison of Basin Energy's Cash-to-Debt

For the Uranium subindustry, Basin Energy'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.

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

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

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

Basin Energy 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.

Basin Energy's Cash to Debt Ratio for the fiscal year that ended in Jun. 2023 is calculated as:

Basin Energy had no debt ⁽¹⁾.

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

Basin Energy had no debt ⁽¹⁾.

Basin Energy (ASX:BSN) 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.

Basin Energy Cash-to-Debt Related Terms

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Basin Energy (ASX:BSN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Basin Energy Ltd (ASX:BSN) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

3 Ord Street, Level 1, West Perth, WA, AUS, 6005

Website

https://www.basinenergy.com.au

Basin Energy Ltd is an early-stage mineral exploration and development company focused on uranium projects located in Canada. The company holds interests in the Marshall, Geikie, and North Millennium Projects. Each of the Projects is a prospective uranium exploration project.