Sherritt International (Sherritt International) Cash-to-Debt : 0.34 (As of Dec. 2023)

View and export this data going back to 2010. Start your Free Trial

What is Sherritt International 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. Sherritt International's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.34.

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

SHERF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.14 Med: 0.27 Max: 0.38
Current: 0.34

During the past 13 years, Sherritt International's highest Cash to Debt Ratio was 0.38. The lowest was 0.14. And the median was 0.27.

SHERF's Cash-to-Debt is ranked worse than
80.01% of 2636 companies
in the Metals & Mining industry
Industry Median: 17.92 vs SHERF: 0.34

Sherritt International Cash-to-Debt Historical Data

The historical data trend for Sherritt International'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.

Sherritt International Cash-to-Debt Chart

Sherritt International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

0.23

0.38

0.33

0.35

0.34

Sherritt International 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															0.35	0.13	0.24	0.09	0.34

Competitive Comparison of Sherritt International's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, Sherritt International'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.

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

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

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

Sherritt International 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.

Sherritt International'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)
	=	88.775	/	(42.338	+	222.719)
	=	0.33

Sherritt International'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)
	=	88.775	/	(42.338	+	222.719)
	=	0.33

Sherritt International (OTCPK:SHERF) 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.

Sherritt International Cash-to-Debt Related Terms

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

Sherritt International (Sherritt International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Sherritt International Corp (OTCPK:SHERF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

HRT:Germany S:Canada

Address

22 Adelaide Street West, Suite 4220, Toronto, ON, CAN, M5H 4E3

Website

https://www.sherritt.com

Sherritt International Corp is engaged in the mining and refining of nickel from lateritic ores with projects and operations in Canada, Cuba, and North America. Its segment includes Moa JV and Fort site, Metals Other, Power, Technologies and Corporate. The Moa JV and Fort site segment includes the mining, processing, and refining of nickel and cobalt. Metals Other segment is comprised of buying, marketing and selling certain of Moa Joint Venture's nickel and cobalt production. Its Power segment constructs and operates an electricity generating plant whereas The Technologies and Corporate segment consist of the metallurgical technology business and general corporate activities.