Graphene Manufacturing Group (TSXV:GMG) Cash-to-Debt : 2.63 (As of Dec. 2023)

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What is Graphene Manufacturing Group 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. Graphene Manufacturing Group's cash to debt ratio for the quarter that ended in Dec. 2023 was 2.63.

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, Graphene Manufacturing Group 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 Graphene Manufacturing Group's Cash-to-Debt or its related term are showing as below:

TSXV:GMG' s Cash-to-Debt Range Over the Past 10 Years
Min: 2.63 Med: 11.85 Max: No Debt
Current: 2.63

During the past 4 years, Graphene Manufacturing Group's highest Cash to Debt Ratio was No Debt. The lowest was 2.63. And the median was 11.85.

TSXV:GMG's Cash-to-Debt is ranked better than
70.63% of 1512 companies
in the Chemicals industry
Industry Median: 0.74 vs TSXV:GMG: 2.63

Graphene Manufacturing Group Cash-to-Debt Historical Data

The historical data trend for Graphene Manufacturing Group'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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Graphene Manufacturing Group Cash-to-Debt Chart

Graphene Manufacturing Group Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

No Debt

11.85

3.56

Graphene Manufacturing Group Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial											8.78	6.42	3.56	3.10	2.63

Competitive Comparison of Graphene Manufacturing Group's Cash-to-Debt

For the Specialty Chemicals subindustry, Graphene Manufacturing Group'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.

Graphene Manufacturing Group's Cash-to-Debt Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Graphene Manufacturing Group's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Graphene Manufacturing Group's Cash-to-Debt falls into.

Graphene Manufacturing Group 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.

Graphene Manufacturing Group'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)
	=	4.145	/	(0.243	+	0.921)
	=	3.56

Graphene Manufacturing Group'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)
	=	3.251	/	(0.38	+	0.858)
	=	2.63

Graphene Manufacturing Group (TSXV:GMG) 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.

Graphene Manufacturing Group Cash-to-Debt Related Terms

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Graphene Manufacturing Group (TSXV:GMG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Graphene Manufacturing Group Ltd (TSXV:GMG) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

GMGMF:USA 0GF:Germany

Address

5/848 Boundary Road, Unit 5, Richlands, QLD, AUS, 4077

Website

https://www.graphenemg.com

Graphene Manufacturing Group Ltd is involved in the production of high-quality graphene used predominantly in paints, coolants, and lubricants targeting to improve energy efficiency and reduce costs, and additionally in next-generation battery technology. It is a clean-technology-focused company that aims to offer energy-saving products and solutions and energy storage products, enabled by Graphene manufactured in-house via a proprietary production process.

Executives

Craig Nicol	Director, Senior Officer
Andrew James Small	Director

Graphene Manufacturing Group (TSXV:GMG) Headlines

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