Copper Search (ASX:CUS) Cash-to-Debt : 45.03 (As of Dec. 2023)

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What is Copper Search 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. Copper Search's cash to debt ratio for the quarter that ended in Dec. 2023 was 45.03.

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

ASX:CUS' s Cash-to-Debt Range Over the Past 10 Years
Min: 44.49 Med: 68.81 Max: No Debt
Current: 45.03

During the past 3 years, Copper Search's highest Cash to Debt Ratio was No Debt. The lowest was 44.49. And the median was 68.81.

ASX:CUS's Cash-to-Debt is ranked better than
55.46% of 2647 companies
in the Metals & Mining industry
Industry Median: 18.2 vs ASX:CUS: 45.03

Copper Search Cash-to-Debt Historical Data

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

Copper Search Annual Data

Trend

Jun21

Jun22

Jun23

Cash-to-Debt

No Debt

44.49

68.81

Copper Search Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial			No Debt	44.49	45.51	68.81	45.03

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

For the Other Precious Metals & Mining subindustry, Copper Search'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.

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

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

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

Copper Search 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.

Copper Search'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)
	=	5.78	/	(0.024	+	0.06)
	=	68.81

Copper Search'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)
	=	3.287	/	(0.025	+	0.048)
	=	45.03

Copper Search (ASX:CUS) 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.

Copper Search Cash-to-Debt Related Terms

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Copper Search (ASX:CUS) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

21 Sydenham Road, Norwood, SA, AUS, 5067

Website

https://www.coppersearch.com.au

Copper Search Ltd is a minerals exploration company targeting copper-gold deposits within the Gawler Craton of South Australia. The assets are divided into four main project areas: the Peake and Denison, and Ruby Hill Projects contain known copper occurrences, and the Billa Kalina projects; the Peake and Denison and Ruby Hill Projects have anomalous gold occurrences.

Copper Search (ASX:CUS) Headlines

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