Cannon Resources (ASX:CNR) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2021)

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What is Cannon 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. Cannon Resources's cash to debt ratio for the quarter that ended in Dec. 2021 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, Cannon Resources could pay off its debt using the cash in hand for the quarter that ended in Dec. 2021.

(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 Cannon Resources's Cash-to-Debt or its related term are showing as below:

ASX:CNR's Cash-to-Debt is not ranked ^*
in the Metals & Mining industry.
Industry Median: 17.605
* Ranked among companies with meaningful Cash-to-Debt only.

Cannon Resources Cash-to-Debt Historical Data

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

Cannon Resources Annual Data

Trend

Jun22

Cash-to-Debt

No Debt

Cannon Resources Semi-Annual Data
	Dec21	Jun22
Cash-to-Debt	No Debt	No Debt

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

For the Other Industrial Metals & Mining subindustry, Cannon 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.

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

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

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

Cannon 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.

Cannon Resources's Cash to Debt Ratio for the fiscal year that ended in Jun. 2022 is calculated as:

Cannon Resources had no debt ⁽¹⁾.

Cannon Resources's Cash to Debt Ratio for the quarter that ended in Dec. 2021 is calculated as:

Cannon Resources had no debt ⁽¹⁾.

Cannon Resources (ASX:CNR) 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.

Cannon Resources Cash-to-Debt Related Terms

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Cannon Resources (ASX:CNR) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

87 Colin Street, Level 2, West Perth, Perth, WA, AUS, 6005

Website

https://www.cannonres.com.au

Cannon Resources Ltd is a mineral exploration and development company. It is engaged in two projects located in the North-Eastern Goldfields region of Western Australia. The Fisher East Project contains nickel deposits of Camelwood, Cannonball, and Musket; and the Collurabbie Project. The Group operates within the mineral exploration industry in Australia.