Acacia Coal (ASX:SPN) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2019)

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What is Acacia Coal 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. Acacia Coal's cash to debt ratio for the quarter that ended in Dec. 2019 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, Acacia Coal could pay off its debt using the cash in hand for the quarter that ended in Dec. 2019.

(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 Acacia Coal's Cash-to-Debt or its related term are showing as below:

ASX:SPN' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: No Debt Max: No Debt
Current: No Debt

During the past 13 years, Acacia Coal's highest Cash to Debt Ratio was No Debt. The lowest was 0.02. And the median was No Debt.

ASX:SPN's Cash-to-Debt is not ranked
in the Other Energy Sources industry.
Industry Median: 1.455 vs ASX:SPN: No Debt

Acacia Coal Cash-to-Debt Historical Data

The historical data trend for Acacia Coal'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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Acacia Coal Cash-to-Debt Chart

Acacia Coal Annual Data

Trend

Jun11

Jun12

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Cash-to-Debt

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No Debt

Acacia Coal Semi-Annual Data
	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Acacia Coal's Cash-to-Debt

For the Thermal Coal subindustry, Acacia Coal'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.

Acacia Coal's Cash-to-Debt Distribution in the Other Energy Sources Industry

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

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

Acacia Coal 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.

Acacia Coal's Cash to Debt Ratio for the fiscal year that ended in Jun. 2020 is calculated as:

Acacia Coal had no debt ⁽¹⁾.

Acacia Coal's Cash to Debt Ratio for the quarter that ended in Dec. 2019 is calculated as:

Acacia Coal had no debt ⁽¹⁾.

Acacia Coal (ASX:SPN) 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.

Acacia Coal Cash-to-Debt Related Terms

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

Acacia Coal (ASX:SPN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Acacia Coal Ltd (ASX:SPN) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Ground Floor, 16 Ord Street, West Perth, Perth, NSW, AUS, 6005

Website

http://www.acaciacoal.com.au

Acacia Coal Ltd is engaged in coal exploration and mine development company. It is engaged in the exploration and project development of the Riverside Anthracite (RAC) project. The RAC project is located at the southern portion of the Vryheid Coalfield near the magisterial district of Vryheid in Kwa-Zulu Natal, South Africa. It also has two exploration projects namely Mt Bruce Project and the Mt Windarra Project located in the Pilbara and Goldfields regions of Western Australia which are prospective for cobalt, copper, and nickel.

Acacia Coal (ASX:SPN) Headlines

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Acacia Coal (ASX:SPN) Cash-to-Debt : No Debt (1) (As of Dec. 2019)