Jervois Global (ASX:JRV) Cash-to-Debt : 0.22 (As of Dec. 2023)

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What is Jervois 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. Jervois Global's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.22.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Jervois Global couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for Jervois Global's Cash-to-Debt or its related term are showing as below:

ASX:JRV' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.22 Med: No Debt Max: No Debt
Current: 0.22

During the past 13 years, Jervois Global's highest Cash to Debt Ratio was No Debt. The lowest was 0.22. And the median was No Debt.

ASX:JRV's Cash-to-Debt is ranked worse than
83.94% of 2646 companies
in the Metals & Mining industry
Industry Median: 18.395 vs ASX:JRV: 0.22

Jervois Global Cash-to-Debt Historical Data

The historical data trend for Jervois 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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Jervois Global Cash-to-Debt Chart

Jervois Global Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Dec21

Dec22

Dec23

Cash-to-Debt

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No Debt

49.60

0.29

0.64

0.22

Jervois Global Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															0.29	0.29	0.64	0.18	0.22

Competitive Comparison of Jervois Global's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, Jervois 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.

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

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

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

Jervois 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.

Jervois Global's Cash to Debt Ratio for the fiscal year 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)
	=	68.011	/	(93.902	+	213.403)
	=	0.22

Jervois Global'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)
	=	68.011	/	(93.902	+	213.403)
	=	0.22

Jervois Global (ASX:JRV) 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.

Jervois Global Cash-to-Debt Related Terms

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

Jervois Global (ASX:JRV) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

JRVMF:USA IHS:Germany JRV:Canada

Address

1-11 Gordon Street, Suite 2.03, Cremorne, VIC, AUS, 3121

Website

https://www.jervoisglobal.com

Jervois Global Ltd is a cobalt company with nickel and copper exposure, refinery assets, and growth opportunities. The company's project includes Idaho Cobalt, Sao Miguel Paulista Refinery, Nico Young, and other non-core assets.

Jervois Global (ASX:JRV) Headlines

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