MAC Copper (ASX:MAC) Cash-to-Debt : 0.42 (As of Dec. 2024)

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What is MAC 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. MAC Copper's cash to debt ratio for the quarter that ended in Dec. 2024 was 0.42.

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, MAC Copper couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2024.

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

ASX:MAC' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.05 Med: 0.24 Max: No Debt
Current: 0.42

During the past 4 years, MAC Copper's highest Cash to Debt Ratio was No Debt. The lowest was 0.05. And the median was 0.24.

ASX:MAC's Cash-to-Debt is ranked worse than
76.69% of 2583 companies
in the Metals & Mining industry
Industry Median: 20.93 vs ASX:MAC: 0.42

MAC Copper Cash-to-Debt Historical Data

The historical data trend for MAC 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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MAC Copper Cash-to-Debt Chart

MAC Copper Annual Data

Trend

Dec21

Dec22

Dec23

Dec24

Cash-to-Debt

No Debt

0.05

0.07

0.42

MAC Copper Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Dec23	Jun24	Dec24
Cash-to-Debt	Get a 7-Day Free Trial								0.02	N/A	0.07	0.21	0.42

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

For the Copper subindustry, MAC 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.

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

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

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

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MAC 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.

MAC Copper's Cash to Debt Ratio for the fiscal year that ended in Dec. 2024 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)
	=	271.425	/	(99.082	+	553.714)
	=	0.42

MAC Copper's Cash to Debt Ratio for the quarter that ended in Dec. 2024 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)
	=	271.425	/	(99.082	+	553.714)
	=	0.42

MAC Copper (ASX:MAC) 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.

MAC Copper Cash-to-Debt Related Terms

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MAC Copper Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

MTAL:USA 7OI:Germany

Address

44 Esplanade, 3rd Floor, Saint Helier, JEY, JE4 9WG

Website

https://www.metalsacquisition.com

MAC Copper Ltd is a company focused on operating and acquiring metals and mining businesses in high-quality, stable jurisdictions that are critical in the electrification and decarbonization of the world-wide economy.