West Cobar Metals (ASX:WC1) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is West Cobar Metals 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. West Cobar Metals'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, West Cobar Metals 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 West Cobar Metals's Cash-to-Debt or its related term are showing as below:

ASX:WC1' s Cash-to-Debt Range Over the Past 10 Years
Min: No Debt Med: No Debt Max: No Debt
Current: No Debt

During the past 2 years, West Cobar Metals's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

ASX:WC1's Cash-to-Debt is ranked better than
99.96% of 2647 companies
in the Metals & Mining industry
Industry Median: 18.2 vs ASX:WC1: No Debt

West Cobar Metals Cash-to-Debt Historical Data

The historical data trend for West Cobar Metals'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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West Cobar Metals Cash-to-Debt Chart

West Cobar Metals Annual Data

Trend

Jun22

Jun23

Cash-to-Debt

No Debt

West Cobar Metals Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial			No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of West Cobar Metals's Cash-to-Debt

For the Gold subindustry, West Cobar Metals'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.

West Cobar Metals's Cash-to-Debt Distribution in the Metals & Mining Industry

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

* The bar in red indicates where West Cobar Metals's Cash-to-Debt falls into.

West Cobar Metals 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.

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

West Cobar Metals had no debt ⁽¹⁾.

West Cobar Metals's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

West Cobar Metals had no debt ⁽¹⁾.

West Cobar Metals (ASX:WC1) 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.

West Cobar Metals Cash-to-Debt Related Terms

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

West Cobar Metals (ASX:WC1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » West Cobar Metals Ltd (ASX:WC1) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

216 St Georges Terrace, Level 8, Perth, WA, AUS, 6000

Website

https://www.westcobarmetals.com.au

West Cobar Metals Ltd is a minerals exploration and development company focused on rare earths and battery minerals within Australia and the United States. It four Projects; Salazar REE Project, Nevada Lithium Project, Hermit Hill Lithium Project and Cobar West Project.

West Cobar Metals (ASX:WC1) Headlines

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West Cobar Metals (ASX:WC1) Cash-to-Debt : No Debt (1) (As of Dec. 2023)