OzAurum Resources (ASX:OZM) Cash-to-Debt : 125.88 (As of Dec. 2023)

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What is OzAurum 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. OzAurum Resources's cash to debt ratio for the quarter that ended in Dec. 2023 was 125.88.

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

ASX:OZM' s Cash-to-Debt Range Over the Past 10 Years
Min: 30.97 Med: 47.61 Max: 125.88
Current: 125.88

During the past 3 years, OzAurum Resources's highest Cash to Debt Ratio was 125.88. The lowest was 30.97. And the median was 47.61.

ASX:OZM's Cash-to-Debt is ranked better than
61% of 2649 companies
in the Metals & Mining industry
Industry Median: 17.62 vs ASX:OZM: 125.88

OzAurum Resources Cash-to-Debt Historical Data

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

OzAurum Resources Annual Data

Trend

Jun21

Jun22

Jun23

Cash-to-Debt

74.93

60.51

30.97

OzAurum Resources Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	47.61	60.51	42.32	30.97	125.88

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

For the Gold subindustry, OzAurum 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.

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

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

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

OzAurum 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.

OzAurum Resources'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)
	=	1.115	/	(0.036	+	0)
	=	30.97

OzAurum Resources'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)
	=	2.14	/	(0.017	+	0)
	=	125.88

OzAurum Resources (ASX:OZM) 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.

OzAurum Resources Cash-to-Debt Related Terms

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OzAurum Resources (ASX:OZM) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

15 Williams Street, Unit 1, West Kalgoorlie, WA, AUS, 6430

Website

https://www.ozaurumresources.com

OzAurum Resources Ltd is a gold and minerals exploration and evaluation company. The company is focused on developing the Patricia project and Mulgabbie project.

OzAurum Resources (ASX:OZM) Headlines

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