Perseus Mining (Perseus Mining) Cash-to-Debt : 237.49 (As of Dec. 2023)

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What is Perseus Mining 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. Perseus Mining's cash to debt ratio for the quarter that ended in Dec. 2023 was 237.49.

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

PMNXF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.36 Med: 4.25 Max: No Debt
Current: 237.51

During the past 13 years, Perseus Mining's highest Cash to Debt Ratio was No Debt. The lowest was 0.36. And the median was 4.25.

PMNXF's Cash-to-Debt is ranked better than
62.86% of 2636 companies
in the Metals & Mining industry
Industry Median: 17.92 vs PMNXF: 237.51

Perseus Mining Cash-to-Debt Historical Data

The historical data trend for Perseus Mining'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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Perseus Mining Cash-to-Debt Chart

Perseus Mining Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

Get a 7-Day Free Trial

2.80

0.99

1.32

4.93

186.80

Perseus Mining 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															3.58	4.93	130.28	186.80	237.49

Competitive Comparison of Perseus Mining's Cash-to-Debt

For the Gold subindustry, Perseus Mining'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.

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

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

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

Perseus Mining 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.

Perseus Mining'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)
	=	482.493	/	(1.686	+	0.897)
	=	186.80

Perseus Mining'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)
	=	581.364	/	(1.737	+	0.711)
	=	237.49

Perseus Mining (OTCPK:PMNXF) 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.

Perseus Mining Cash-to-Debt Related Terms

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

Perseus Mining (Perseus Mining) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

P4Q:Germany PRU:Canada PRU:Australia

Address

437 Roberts Road, Level 2, Subiaco, Perth, WA, AUS, 6008

Website

https://www.perseusmining.com

Perseus Mining in an Australian-based gold miner. It sold around 540,000 ounces of gold in fiscal 2023 from its three majority-owned mines in West Africa. Founded in 2004, Perseus purchased all three of its operating mines originally as exploration licenses or development projects. Its 90%-owned Edikan mine in Ghana achieved first gold in 2011, with 86%-owned Sissingue and 90%-owned Yaoure in Ivory Coast following in 2018 and 2020, respectively. The company also purchased its 70%-owned Meyas Sand gold project in Sudan in 2022. Excluding Meyas Sand, where development is on hold due to armed conflict in Sudan, the company had about five years of reserves at the end of fiscal 2023.

Perseus Mining (Perseus Mining) Headlines

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