Jupiter Mines (Jupiter Mines) Cash-to-Debt : 61.05 (As of Aug. 2023)

View and export this data going back to 2019. Start your Free Trial

What is Jupiter Mines 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. Jupiter Mines's cash to debt ratio for the quarter that ended in Aug. 2023 was 61.05.

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, Jupiter Mines could pay off its debt using the cash in hand for the quarter that ended in Aug. 2023.

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

JMXXF' s Cash-to-Debt Range Over the Past 10 Years
Min: 61.2 Med: No Debt Max: No Debt
Current: 61.2

During the past 6 years, Jupiter Mines's highest Cash to Debt Ratio was No Debt. The lowest was 61.20. And the median was No Debt.

JMXXF's Cash-to-Debt is ranked better than
57.6% of 2653 companies
in the Metals & Mining industry
Industry Median: 17.62 vs JMXXF: 61.20

Jupiter Mines Cash-to-Debt Historical Data

The historical data trend for Jupiter Mines'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.

* Premium members only.

Jupiter Mines Cash-to-Debt Chart

Jupiter Mines Annual Data

Trend

Aug17

Feb19

Feb20

Feb21

Feb22

Feb23

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

98.00

Jupiter Mines Semi-Annual Data
	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23
Cash-to-Debt	Get a 7-Day Free Trial						No Debt	No Debt	No Debt	98.00	61.05

Competitive Comparison of Jupiter Mines's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, Jupiter Mines'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.

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

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

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

Jupiter Mines 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.

Jupiter Mines's Cash to Debt Ratio for the fiscal year that ended in Feb. 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)
	=	34.105	/	(0.057	+	0.291)
	=	98.00

Jupiter Mines's Cash to Debt Ratio for the quarter that ended in Aug. 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)
	=	17.581	/	(0.06	+	0.228)
	=	61.05

Jupiter Mines (OTCPK:JMXXF) 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.

Jupiter Mines Cash-to-Debt Related Terms

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

Jupiter Mines (Jupiter Mines) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Jupiter Mines Ltd (OTCPK:JMXXF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

LGU:Germany JMS:Australia

Address

220 St Georges Terrace, Level 8, Perth, WA, AUS, 6000

Website

https://www.jupitermines.com

Jupiter Mines Ltd is a mining explorer and producer focusing on iron ore and manganese exploration and development projects in Western Australia and South Africa. Its core assets are Tshipi Manganese Project and Central Yilgarn Iron Projects.