Oz Minerals (Oz Minerals) Cash-to-Debt : 0.12 (As of Dec. 2022)

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What is Oz Minerals 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. Oz Minerals's cash to debt ratio for the quarter that ended in Dec. 2022 was 0.12.

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, Oz Minerals couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2022.

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

OZMLF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: 6.37 Max: No Debt
Current: 0.12

During the past 13 years, Oz Minerals's highest Cash to Debt Ratio was No Debt. The lowest was 0.02. And the median was 6.37.

OZMLF's Cash-to-Debt is not ranked
in the Metals & Mining industry.
Industry Median: 17.92 vs OZMLF: 0.12

Oz Minerals Cash-to-Debt Historical Data

The historical data trend for Oz Minerals'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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Oz Minerals Cash-to-Debt Chart

Oz Minerals Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

0.73

0.15

0.29

0.12

Oz Minerals Semi-Annual Data
	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22
Cash-to-Debt	Get a 7-Day Free Trial															0.15	0.18	0.29	0.14	0.12

Competitive Comparison of Oz Minerals's Cash-to-Debt

For the Copper subindustry, Oz Minerals'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.

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

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

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

Oz Minerals 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.

Oz Minerals's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 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)
	=	92.24	/	(318.623	+	454.116)
	=	0.12

Oz Minerals's Cash to Debt Ratio for the quarter that ended in Dec. 2022 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)
	=	92.24	/	(318.623	+	454.116)
	=	0.12

Oz Minerals (OTCPK:OZMLF) 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.

Oz Minerals Cash-to-Debt Related Terms

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

Oz Minerals (Oz Minerals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Oz Minerals Ltd (OTCPK:OZMLF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

2 Hamra Drive, Adelaide Airport, Adelaide, SA, AUS, 5950

Website

https://www.ozminerals.com

Oz Minerals is a midtier miner that produced 125,000 metric tons of copper and 240,000 ounces of gold in 2021. Production is mainly from Carrapateena and Prominent Hill mines in South Australia, with Brazil a minor contributor. It is increasing production at its Australian mines while also pursuing incremental production in Brazil, targeting annual production of 220,000 metric tons of copper and 400,000 ounces of gold later this decade. Carrapateena and Prominent Hill's cash costs will likely remain in the lowest quartile of the cost curve once expanded, while Brazilian operations are smaller and higher cost. The West Musgrave nickel project in Western Australia is likely to be approved in 2022, which will add an average of 26,000 metric tons of nickel for its 20-year-plus life.

Oz Minerals (Oz Minerals) Headlines

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