Sumitomo Metal Mining Co (Sumitomo Metal Mining Co) Cash-to-Debt : 0.51 (As of Dec. 2023)

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What is Sumitomo Metal Mining Co 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. Sumitomo Metal Mining Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.51.

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, Sumitomo Metal Mining Co 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 Sumitomo Metal Mining Co's Cash-to-Debt or its related term are showing as below:

SMMYY' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.24 Med: 0.43 Max: 0.8
Current: 0.51

During the past 13 years, Sumitomo Metal Mining Co's highest Cash to Debt Ratio was 0.80. The lowest was 0.24. And the median was 0.43.

SMMYY's Cash-to-Debt is ranked worse than
75.38% of 2636 companies
in the Metals & Mining industry
Industry Median: 17.875 vs SMMYY: 0.51

Sumitomo Metal Mining Co Cash-to-Debt Historical Data

The historical data trend for Sumitomo Metal Mining Co'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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Sumitomo Metal Mining Co Cash-to-Debt Chart

Sumitomo Metal Mining Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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0.24

0.41

0.45

0.80

0.48

Sumitomo Metal Mining Co 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															0.53	0.48	0.40	0.43	0.51

Competitive Comparison of Sumitomo Metal Mining Co's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, Sumitomo Metal Mining Co'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.

Sumitomo Metal Mining Co's Cash-to-Debt Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Sumitomo Metal Mining Co's Cash-to-Debt falls into.

Sumitomo Metal Mining Co 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.

Sumitomo Metal Mining Co's Cash to Debt Ratio for the fiscal year that ended in Mar. 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)
	=	1655.491	/	(1185.126	+	2235.81)
	=	0.48

Sumitomo Metal Mining Co'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)
	=	2006.452	/	(1015.603	+	2891.066)
	=	0.51

Sumitomo Metal Mining Co (OTCPK:SMMYY) 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.

Sumitomo Metal Mining Co Cash-to-Debt Related Terms

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

Sumitomo Metal Mining Co (Sumitomo Metal Mining Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Sumitomo Metal Mining Co Ltd (OTCPK:SMMYY) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

STMNF:USA 5713:Japan S19:Germany

Address

11-3, Shimbashi 5-chome, Minato-ku, Tokyo, JPN, 105-8716

Website

http://www.smm.co.jp

Sumitomo Metal Mining Co Ltd has three core operating segments, namely mineral resources, smelting and refining, and materials. The mineral resources business is engaged in exploration, development, production and sale of non-ferrous metals, primarily in Japan. The smelting and refining segment which generates the majority of group revenue, smelts and sells copper, nickel zinc, lead gold and others, and manufactures and sells stretched copper products and special steel castings. The materials division manufactures semiconductor materials, battery materials, bonding materials, aerated light-weight concrete, chemical catalysts among others.

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