IperionX (ASX:IPX) Cash-to-Debt : 10.30 (As of Dec. 2023)

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What is IperionX 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. IperionX's cash to debt ratio for the quarter that ended in Dec. 2023 was 10.30.

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

ASX:IPX' s Cash-to-Debt Range Over the Past 10 Years
Min: 3.57 Med: 10.44 Max: No Debt
Current: 10.3

During the past 6 years, IperionX's highest Cash to Debt Ratio was No Debt. The lowest was 3.57. And the median was 10.44.

ASX:IPX's Cash-to-Debt is ranked worse than
53.57% of 2649 companies
in the Metals & Mining industry
Industry Median: 17.62 vs ASX:IPX: 10.30

IperionX Cash-to-Debt Historical Data

The historical data trend for IperionX'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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IperionX Cash-to-Debt Chart

IperionX Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

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No Debt

63.15

3.57

10.44

12.23

IperionX Quarterly Data
	Jun19	Jun20	Jun21	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial							N/A	12.23	N/A	10.30	N/A

Competitive Comparison of IperionX's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, IperionX'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.

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

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

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

IperionX 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.

IperionX'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)
	=	17.788	/	(0.571	+	0.884)
	=	12.23

IperionX'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)
	=	25.891	/	(0.657	+	1.856)
	=	10.30

IperionX (ASX:IPX) 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.

IperionX Cash-to-Debt Related Terms

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IperionX (ASX:IPX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » IperionX Ltd (ASX:IPX) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

IPX:USA TAOFF:USA 30Z0:Germany 30Z:Germany 30Z:Germany

Address

129 West Trade Street, Suite 1405, Charlotte, NC, USA, 28202

Website

https://www.iperionx.com

IperionX Ltd is a developer of low-carbon, sustainable, critical material supply chains focused on advanced industries including space, aerospace, electric vehicles, and 3D printing. The company's breakthrough titanium technologies have demonstrated the potential to produce titanium products that are sustainable, 100% recyclable, and have low carbon intensity. IperionX is producing titanium metal powders from titanium scrap at its operational pilot facility in Utah, It also holds a 100% interest in the Titan Project, covering over 11,000 acres of critical minerals that include titanium, rare earth elements, silica sand, and zircon in Tennessee, United States.