Siren Gold (ASX:SNG) Cash-to-Debt : 9.63 (As of Jun. 2023)

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What is Siren Gold 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. Siren Gold's cash to debt ratio for the quarter that ended in Jun. 2023 was 9.63.

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, Siren Gold could pay off its debt using the cash in hand for the quarter that ended in Jun. 2023.

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

ASX:SNG' s Cash-to-Debt Range Over the Past 10 Years
Min: 4.21 Med: 92.77 Max: 176.04
Current: 17.04

During the past 4 years, Siren Gold's highest Cash to Debt Ratio was 176.04. The lowest was 4.21. And the median was 92.77.

ASX:SNG's Cash-to-Debt is ranked worse than
50.74% of 2645 companies
in the Metals & Mining industry
Industry Median: 18.3 vs ASX:SNG: 17.04

Siren Gold Cash-to-Debt Historical Data

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

Siren Gold Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

176.04

168.50

4.21

17.04

Siren Gold Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial			168.50	18.49	4.21	9.63	17.04

Competitive Comparison of Siren Gold's Cash-to-Debt

For the Gold subindustry, Siren Gold'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.

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

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

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

Siren Gold 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.

Siren Gold's Cash to Debt Ratio for the fiscal year 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)
	=	0.869	/	(0.039	+	0.012)
	=	17.04

Siren Gold's Cash to Debt Ratio for the quarter 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)
	=	0.953	/	(0.079	+	0.02)
	=	9.63

Siren Gold (ASX:SNG) 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.

Siren Gold Cash-to-Debt Related Terms

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Siren Gold (ASX:SNG) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

295 Rokeby Road, Suite 1, Subiaco, Perth, WA, AUS, 6008

Website

https://www.sirengold.com.au

Siren Gold Ltd is engaged in the exploration and development of gold properties in New Zealand. The company holds Big River, Reefton gold, Alexander River, Reefton South, Auld creek, Cumberland, and other projects in its portfolio.

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