Southgobi Resources (HKSE:01878) Cash-to-Debt : 0.08 (As of Mar. 2024)

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What is Southgobi 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. Southgobi Resources's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.08.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Southgobi Resources couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

HKSE:01878' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0.03 Max: 0.24
Current: 0.08

During the past 13 years, Southgobi Resources's highest Cash to Debt Ratio was 0.24. The lowest was 0.00. And the median was 0.03.

HKSE:01878's Cash-to-Debt is ranked worse than
89.89% of 178 companies
in the Other Energy Sources industry
Industry Median: 1.99 vs HKSE:01878: 0.08

Southgobi Resources Cash-to-Debt Historical Data

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

Southgobi Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.05

0.11

0.04

0.24

Southgobi Resources Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															0.17	0.07	0.16	0.24	0.08

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

For the Thermal Coal subindustry, Southgobi 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.

Southgobi Resources's Cash-to-Debt Distribution in the Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, Southgobi Resources's Cash-to-Debt distribution charts can be found below:

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

Southgobi 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.

Southgobi Resources'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)
	=	374.816	/	(814.999	+	725.804)
	=	0.24

Southgobi Resources's Cash to Debt Ratio for the quarter that ended in Mar. 2024 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)
	=	120.224	/	(924.632	+	674.366)
	=	0.08

Southgobi Resources (HKSE:01878) 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.

Southgobi Resources Cash-to-Debt Related Terms

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

Southgobi Resources (HKSE:01878) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Southgobi Resources Ltd (HKSE:01878) » Definitions » Cash-to-Debt

Traded in Other Exchanges

SGQRF:USA SGQ:Canada

Address

355 Burrard Street, Suite 1150, Vancouver, BC, CAN, V6C 2G8

Website

https://www.southgobi.com

Southgobi Resources Ltd together with its subsidiaries is an integrated coal mining, development, and exploration company. Its reportable operating segment is its Coal Division which is principally engaged in coal mining, development, and exploration in Mongolia and logistics and trading of coal in Mongolia and China. The company also holds the mining and exploration licenses of other metallurgical and thermal coal deposits in the South Gobi Province of Mongolia. The company owns the following operating coal mine and coal projects in Mongolia: the Ovoot Tolgoi Mine, Zag Suuj Project, and the Soumber Project.

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