Helium One Global (LSE:HE1) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is Helium One Global 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. Helium One Global'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, Helium One Global 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 Helium One Global's Cash-to-Debt or its related term are showing as below:

LSE:HE1' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.39 Med: No Debt Max: No Debt
Current: No Debt

During the past 6 years, Helium One Global's highest Cash to Debt Ratio was No Debt. The lowest was 0.39. And the median was No Debt.

LSE:HE1's Cash-to-Debt is ranked better than
99.92% of 2646 companies
in the Metals & Mining industry
Industry Median: 18.395 vs LSE:HE1: No Debt

Helium One Global Cash-to-Debt Historical Data

The historical data trend for Helium One Global'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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Helium One Global Cash-to-Debt Chart

Helium One Global Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

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0.39

4.23

No Debt

Helium One Global Semi-Annual Data
	Jun18	Jun19	Dec19	Jun20	Dec20	Jun21	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 Helium One Global's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, Helium One Global'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.

Helium One Global's Cash-to-Debt Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Helium One Global's Cash-to-Debt falls into.

Helium One Global 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.

Helium One Global's Cash to Debt Ratio for the fiscal year that ended in Jun. 2023 is calculated as:

Helium One Global had no debt ⁽¹⁾.

Helium One Global's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Helium One Global had no debt ⁽¹⁾.

Helium One Global (LSE:HE1) 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.

Helium One Global Cash-to-Debt Related Terms

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

Helium One Global (LSE:HE1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Helium One Global Ltd (LSE:HE1) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

HLOGF:USA 9K3:Germany

Address

Wickhams Cay II, Vistra Corporate Services Centre, Tortola, Road Town, VGB, VG1110

Website

https://www.helium-one.com

Helium One Global Ltd is a Helium exploration company. It is predominantly involved in helium exploration and holds three distinct project areas within the Company's portfolio in Tanzania: the Rukwa, Eyasi, and Balangida Projects. The company has two key geographical segments, being the British Virgin Islands which derives the majority of the revenue and Tanzania.

Helium One Global (LSE:HE1) Headlines

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Helium One Global (LSE:HE1) Cash-to-Debt : No Debt (1) (As of Dec. 2023)