PPX Mining (FRA:39S) Cash-to-Debt : 0.05 (As of Dec. 2023)

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What is PPX Mining 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. PPX Mining's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.05.

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

FRA:39S' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0.09 Max: 1.87
Current: 0.05

During the past 13 years, PPX Mining's highest Cash to Debt Ratio was 1.87. The lowest was 0.00. And the median was 0.09.

FRA:39S's Cash-to-Debt is ranked worse than
93.19% of 2642 companies
in the Metals & Mining industry
Industry Median: 18.42 vs FRA:39S: 0.05

PPX Mining Cash-to-Debt Historical Data

The historical data trend for PPX Mining'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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PPX Mining Cash-to-Debt Chart

PPX Mining Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Cash-to-Debt

Get a 7-Day Free Trial

0.01

0.04

0.12

PPX Mining 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															0.20	0.24	0.25	0.12	0.05

Competitive Comparison of PPX Mining's Cash-to-Debt

For the Other Precious Metals & Mining subindustry, PPX Mining'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.

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

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

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

PPX Mining 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.

PPX Mining's Cash to Debt Ratio for the fiscal year that ended in Sep. 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)
	=	0.557	/	(0.535	+	4.036)
	=	0.12

PPX Mining'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)
	=	0.252	/	(0.476	+	4.285)
	=	0.05

PPX Mining (FRA:39S) 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.

PPX Mining Cash-to-Debt Related Terms

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

PPX Mining (FRA:39S) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » PPX Mining Corp (FRA:39S) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

SNNGF:USA PPX:Peru PPX:Canada

Address

82 Richmond Street East, Toronto, ON, CAN, M5C 1P1

Website

https://www.ppxmining.com

PPX Mining Corp is a Canadian company. It is in the business of acquiring, exploring and evaluating mineral properties in areas which is a relatively high potential for mining success. The company is also involved in developing or joint venturing of mineral properties or disposing these properties when the evaluation is completed. It mainly focuses on mining activities which are on a long-term basis. The company is in the process of exploring mineral properties in Peru. It owns a gold and silver project, Igor which is located in the Northern Peru gold belt.

PPX Mining (FRA:39S) Headlines

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