Kalgoorlie Gold Mining (ASX:KAL) Cash-to-Debt : 29.04 (As of Dec. 2023)

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What is Kalgoorlie Gold Mining 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. Kalgoorlie Gold Mining's cash to debt ratio for the quarter that ended in Dec. 2023 was 29.04.

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, Kalgoorlie Gold Mining could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

ASX:KAL' s Cash-to-Debt Range Over the Past 10 Years
Min: 21.4 Med: 29.04 Max: 152.65
Current: 29.04

During the past 2 years, Kalgoorlie Gold Mining's highest Cash to Debt Ratio was 152.65. The lowest was 21.40. And the median was 29.04.

ASX:KAL's Cash-to-Debt is ranked better than
53.41% of 2653 companies
in the Metals & Mining industry
Industry Median: 17.62 vs ASX:KAL: 29.04

Kalgoorlie Gold Mining Cash-to-Debt Historical Data

The historical data trend for Kalgoorlie Gold Mining'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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Kalgoorlie Gold Mining Cash-to-Debt Chart

Kalgoorlie Gold Mining Annual Data

Trend

Jun22

Jun23

Cash-to-Debt

36.64

21.40

Kalgoorlie Gold Mining Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	152.65	36.64	23.71	21.40	29.04

Competitive Comparison of Kalgoorlie Gold Mining's Cash-to-Debt

For the Gold subindustry, Kalgoorlie Gold Mining'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.

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

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

* The bar in red indicates where Kalgoorlie Gold Mining's Cash-to-Debt falls into.

Kalgoorlie Gold Mining 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.

Kalgoorlie Gold Mining'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)
	=	1.455	/	(0.034	+	0.034)
	=	21.40

Kalgoorlie Gold Mining's Cash to Debt Ratio for the quarter 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)
	=	1.481	/	(0.036	+	0.015)
	=	29.04

Kalgoorlie Gold Mining (ASX:KAL) 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.

Kalgoorlie Gold Mining Cash-to-Debt Related Terms

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Kalgoorlie Gold Mining (ASX:KAL) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

KALMF:USA

Address

1209 Hay Street, Level 1, West Perth, Perth, WA, AUS, 6005

Website

https://www.kalgoldmining.com.au

Kalgoorlie Gold Mining Ltd is a mineral exploration company. Its project include Bulong Taurus Gold Project, Laverton Tectonic Zone, Keith-Kilkenny Tectonic Zone, Kalgoorlie Project, Pianto South Project, Davies Dam Project and Perrinvale Project.

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