Widgie Nickel (ASX:WIN) Cash-to-Debt : 13.06 (As of Dec. 2023)

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What is Widgie Nickel 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. Widgie Nickel's cash to debt ratio for the quarter that ended in Dec. 2023 was 13.06.

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

ASX:WIN' s Cash-to-Debt Range Over the Past 10 Years
Min: 13.06 Med: 42.61 Max: No Debt
Current: 13.06

During the past 1 years, Widgie Nickel's highest Cash to Debt Ratio was No Debt. The lowest was 13.06. And the median was 42.61.

ASX:WIN's Cash-to-Debt is ranked worse than
52.48% of 2645 companies
in the Metals & Mining industry
Industry Median: 18.37 vs ASX:WIN: 13.06

Widgie Nickel Cash-to-Debt Historical Data

The historical data trend for Widgie Nickel'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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Widgie Nickel Cash-to-Debt Chart

Widgie Nickel Annual Data

Trend

Jun23

Cash-to-Debt

42.61

Widgie Nickel Semi-Annual Data
	Dec20	Dec21	Dec22	Jun23	Dec23
Cash-to-Debt	No Debt	254.76	24.25	42.61	13.06

Competitive Comparison of Widgie Nickel's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, Widgie Nickel'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.

Widgie Nickel's Cash-to-Debt Distribution in the Metals & Mining Industry

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

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

Widgie Nickel 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.

Widgie Nickel'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)
	=	11.845	/	(0.167	+	0.111)
	=	42.61

Widgie Nickel'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)
	=	2.585	/	(0.161	+	0.037)
	=	13.06

Widgie Nickel (ASX:WIN) 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.

Widgie Nickel Cash-to-Debt Related Terms

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Widgie Nickel (ASX:WIN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Widgie Nickel Ltd (ASX:WIN) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

WDGNF:USA

Address

220 St Georges Terrace, Level 4, Perth, WA, AUS, 6000

Website

https://www.widgienickel.com.au

Widgie Nickel Ltd is a nickel exploration and development company. Its projects include Widgie South, Widgie North, Widgie West, and Lake Eaton-Mt Eaton. The company operates in given segments comprised of exploration and development activities over the Mt Edwards Project. It operates in a single geographical area which is Australia.

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