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

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

ASX:OZZ' s Cash-to-Debt Range Over the Past 10 Years
Min: 25.13 Med: 82 Max: No Debt
Current: 63.39

During the past 2 years, Ozz Resources's highest Cash to Debt Ratio was No Debt. The lowest was 25.13. And the median was 82.00.

ASX:OZZ's Cash-to-Debt is ranked better than
57.8% of 2654 companies
in the Metals & Mining industry
Industry Median: 17.81 vs ASX:OZZ: 63.39

Ozz Resources Cash-to-Debt Historical Data

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

Ozz Resources Annual Data

Trend

Jun22

Jun23

Cash-to-Debt

32.67

82.00

Ozz Resources Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	851.67	32.67	25.13	82.00	No Debt

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

For the Gold subindustry, Ozz 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.

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

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

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

Ozz 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.

Ozz 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)
	=	1.476	/	(0.018	+	0)
	=	82.00

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

Ozz Resources had no debt ⁽¹⁾.

Ozz Resources (ASX:OZZ) 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.

Ozz Resources Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Ozz Resources's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Ozz Resources (ASX:OZZ) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

101 St Georges Terrace, Level 3, Perth, WA, AUS, 6000

Website

https://www.ozzresources.com.au

Ozz Resources Ltd is a Perth-based and Western Australian-focused gold and base metal explorer. Its projects include Mount Davis Project, Peterwangy Project, Maguires Reward Project, Rabbit Bore Project, and Wardarbie South Project.

Ozz Resources (ASX:OZZ) Headlines

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