BPM Minerals (ASX:BPM) Cash-to-Debt : 52.25 (As of Dec. 2023)

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What is BPM 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. BPM Minerals's cash to debt ratio for the quarter that ended in Dec. 2023 was 52.25.

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

ASX:BPM' s Cash-to-Debt Range Over the Past 10 Years
Min: 40.98 Med: 52.25 Max: No Debt
Current: 52.25

During the past 3 years, BPM Minerals's highest Cash to Debt Ratio was No Debt. The lowest was 40.98. And the median was 52.25.

ASX:BPM's Cash-to-Debt is ranked better than
56.82% of 2638 companies
in the Metals & Mining industry
Industry Median: 18.53 vs ASX:BPM: 52.25

BPM Minerals Cash-to-Debt Historical Data

The historical data trend for BPM 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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BPM Minerals Cash-to-Debt Chart

BPM Minerals Annual Data

Trend

Jun21

Jun22

Jun23

Cash-to-Debt

No Debt

47.87

57.12

BPM Minerals Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	No Debt	47.87	40.98	57.12	52.25

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

For the Other Precious Metals & Mining subindustry, BPM 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.

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

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

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

BPM 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.

BPM Minerals'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)
	=	3.941	/	(0.016	+	0.053)
	=	57.12

BPM Minerals'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)
	=	3.187	/	(0.017	+	0.044)
	=	52.25

BPM Minerals (ASX:BPM) 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.

BPM Minerals Cash-to-Debt Related Terms

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BPM Minerals Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

10 Outram Street, Level 2, West Perth, Perth, WA, AUS, 6005

Website

https://www.bpmminerals.com

BPM Minerals Ltd is a gold and base metal exploration company. The company has one operating segment being mineral exploration and evaluation in Australia and Its projects are Santy Project, Nepean Project, Hawkins Project, and Claw Project.

BPM Minerals Headlines

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