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

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

ASX:CVR' s Cash-to-Debt Range Over the Past 10 Years
Min: 4404 Med: 8273 Max: No Debt
Current: No Debt

During the past 2 years, Cavalier Resources's highest Cash to Debt Ratio was No Debt. The lowest was 4404.00. And the median was 8273.00.

ASX:CVR's Cash-to-Debt is ranked better than
99.96% of 2653 companies
in the Metals & Mining industry
Industry Median: 17.77 vs ASX:CVR: No Debt

Cavalier Resources Cash-to-Debt Historical Data

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

Cavalier Resources Annual Data

Trend

Jun22

Jun23

Cash-to-Debt

4,404.00

No Debt

Cavalier Resources Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	6,546.00	4,404.00	N/A	No Debt	No Debt

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

For the Gold subindustry, Cavalier 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.

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

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

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

Cavalier 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.

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

Cavalier Resources had no debt ⁽¹⁾.

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

Cavalier Resources had no debt ⁽¹⁾.

Cavalier Resources (ASX:CVR) 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.

Cavalier Resources Cash-to-Debt Related Terms

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Cavalier Resources (ASX:CVR) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

22 Mount Street, Level 2, Perth, WA, AUS, 6000

Website

https://www.cavalierresources.com.au

Cavalier Resources Ltd is focused on identifying and acquiring prospective mineral exploration projects. The company owns or has the right to acquire controlling interests in Tenements in Western Australia, collectively known as the Leonora Gold Project, Hidden Jewel Gold Project, and Ella's Rock Nickel-Gold Project. These projects are prospective for gold and nickel mineralization. The company has a single geographical location i.e. Australia.