Castillo Copper (ASX:CCZ) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is Castillo Copper 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. Castillo Copper's cash to debt ratio for the quarter that ended in Dec. 2023 was No Debt ⁽¹⁾.

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, Castillo Copper could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

(1) 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.

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

ASX:CCZ' s Cash-to-Debt Range Over the Past 10 Years
Min: 7.79 Med: No Debt Max: No Debt
Current: No Debt

During the past 13 years, Castillo Copper's highest Cash to Debt Ratio was No Debt. The lowest was 7.79. And the median was No Debt.

ASX:CCZ's Cash-to-Debt is ranked better than
99.96% of 2653 companies
in the Metals & Mining industry
Industry Median: 17.62 vs ASX:CCZ: No Debt

Castillo Copper Cash-to-Debt Historical Data

The historical data trend for Castillo Copper'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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Castillo Copper Cash-to-Debt Chart

Castillo Copper Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

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No Debt

Castillo Copper 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															No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Castillo Copper's Cash-to-Debt

For the Copper subindustry, Castillo Copper'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.

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

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

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

Castillo Copper 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.

Castillo Copper's Cash to Debt Ratio for the fiscal year that ended in Jun. 2023 is calculated as:

Castillo Copper had no debt ⁽¹⁾.

Castillo Copper's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Castillo Copper had no debt ⁽¹⁾.

Castillo Copper (ASX:CCZ) 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.

Castillo Copper Cash-to-Debt Related Terms

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Castillo Copper (ASX:CCZ) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

CCZ:UK 7OR:Germany

Address

45 Ventnor Avenue, West Perth, Perth, WA, AUS, 6005

Website

https://www.castillocopper.com

Castillo Copper Ltd is an Australian metal explorer focused on copper, cobalt, zinc, and nickel exploration operating assets in eastern Australia. The company currently holds copper projects in Queensland and New South Wales in Australia as well as copper projects in Zambia. It is predominantly focused on the Mt Oxide Project in Queensland; the Zambian Copper Projects' Broken Hill Project and Cangai Copper Project.