Outback Goldfields (TSXV:OZ) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is Outback Goldfields 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. Outback Goldfields'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, Outback Goldfields 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 Outback Goldfields's Cash-to-Debt or its related term are showing as below:

TSXV:OZ' s Cash-to-Debt Range Over the Past 10 Years
Min: 4.7 Med: No Debt Max: No Debt
Current: No Debt

During the past 6 years, Outback Goldfields's highest Cash to Debt Ratio was No Debt. The lowest was 4.70. And the median was No Debt.

TSXV:OZ's Cash-to-Debt is not ranked
in the Metals & Mining industry.
Industry Median: 18.42 vs TSXV:OZ: No Debt

Outback Goldfields Cash-to-Debt Historical Data

The historical data trend for Outback Goldfields'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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Outback Goldfields Cash-to-Debt Chart

Outback Goldfields Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

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7.96

4.85

No Debt

Outback Goldfields Quarterly Data
	Mar19	Jun19	Sep19	Dec19	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															No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Outback Goldfields's Cash-to-Debt

For the Gold subindustry, Outback Goldfields'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.

Outback Goldfields's Cash-to-Debt Distribution in the Metals & Mining Industry

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

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

Outback Goldfields 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.

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

Outback Goldfields had no debt ⁽¹⁾.

Outback Goldfields's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Outback Goldfields had no debt ⁽¹⁾.

Outback Goldfields (TSXV:OZ) 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.

Outback Goldfields Cash-to-Debt Related Terms

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

Outback Goldfields (TSXV:OZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Outback Goldfields Corp (TSXV:OZ) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

OZBKF:USA S600:Germany S600:Germany

Address

1090 West Georgia Street, Suite 700, Vancouver, BC, CAN, V6E3V7

Website

https://www.outbackgoldfields.com

Outback Goldfields Corp is an exploration mining company, holding a package of four prospective gold projects located proximate and adjacent to the Fosterville Gold Mine in Victoria, Australia. The company acquired certain gold projects located in Victoria, Australia including an exploration license for the Yeungroon Gold Project and a right, title, and interest in a mining joint venture agreement for the Glenfine Gold Project. In addition, three exploration license applications were acquired for the Silver Spoon Orogenic Gold Project.