Arizona Sonoran Copper Co (FRA:H6F) Cash-to-Debt : 155.21 (As of Dec. 2023)

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What is Arizona Sonoran Copper Co 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. Arizona Sonoran Copper Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 155.21.

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

FRA:H6F' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.14 Med: 156.43 Max: No Debt
Current: 156.43

During the past 5 years, Arizona Sonoran Copper Co's highest Cash to Debt Ratio was No Debt. The lowest was 1.14. And the median was 156.43.

FRA:H6F's Cash-to-Debt is ranked better than
61.66% of 2634 companies
in the Metals & Mining industry
Industry Median: 17.81 vs FRA:H6F: 156.43

Arizona Sonoran Copper Co Cash-to-Debt Historical Data

The historical data trend for Arizona Sonoran Copper Co'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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Arizona Sonoran Copper Co Cash-to-Debt Chart

Arizona Sonoran Copper Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

No Debt

1.14

3.97

173.61

155.21

Arizona Sonoran Copper Co Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial											173.61	264.04	256.55	149.88	155.21

Competitive Comparison of Arizona Sonoran Copper Co's Cash-to-Debt

For the Copper subindustry, Arizona Sonoran Copper Co'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.

Arizona Sonoran Copper Co's Cash-to-Debt Distribution in the Metals & Mining Industry

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

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

Arizona Sonoran Copper Co 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.

Arizona Sonoran Copper Co's Cash to Debt Ratio for the fiscal year 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)
	=	9.623	/	(0.059	+	0.003)
	=	155.21

Arizona Sonoran Copper Co'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)
	=	9.623	/	(0.059	+	0.003)
	=	155.21

Arizona Sonoran Copper Co (FRA:H6F) 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.

Arizona Sonoran Copper Co Cash-to-Debt Related Terms

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Arizona Sonoran Copper Co (FRA:H6F) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Arizona Sonoran Copper Co Inc (FRA:H6F) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

ASCUF:USA ASCU:Canada

Address

Simpson Tower, 401 Bay Street, Suite 2704, Box Number 4, Toronto, ON, CAN, M5H 2Y4

Website

https://www.arizonasonoran.com

Arizona Sonoran Copper Co Inc is a mineral exploration company. It owns interests in the Cactus Project, located to the southeast of the Phoenix metropolitan area, on private land in Pinal County, Arizona.

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