Mitsui Mining and Smelting Co (FRA:MMG) Cash-to-Debt : 0.23 (As of Sep. 2024)

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What is Mitsui Mining and Smelting 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. Mitsui Mining and Smelting Co's cash to debt ratio for the quarter that ended in Sep. 2024 was 0.23.

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, Mitsui Mining and Smelting Co couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

The historical rank and industry rank for Mitsui Mining and Smelting Co's Cash-to-Debt or its related term are showing as below:

FRA:MMG' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.06 Med: 0.1 Max: 0.23
Current: 0.23

During the past 13 years, Mitsui Mining and Smelting Co's highest Cash to Debt Ratio was 0.23. The lowest was 0.06. And the median was 0.10.

FRA:MMG's Cash-to-Debt is ranked worse than
66.05% of 539 companies
in the Conglomerates industry
Industry Median: 0.47 vs FRA:MMG: 0.23

Mitsui Mining and Smelting Co Cash-to-Debt Historical Data

The historical data trend for Mitsui Mining and Smelting 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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Mitsui Mining and Smelting Co Cash-to-Debt Chart

Mitsui Mining and Smelting Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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0.14

0.12

0.13

0.12

0.16

Mitsui Mining and Smelting Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial															0.15	0.16	0.16	N/A	0.23

Competitive Comparison of Mitsui Mining and Smelting Co's Cash-to-Debt

For the Conglomerates subindustry, Mitsui Mining and Smelting 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.

Mitsui Mining and Smelting Co's Cash-to-Debt Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Mitsui Mining and Smelting Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Mitsui Mining and Smelting Co's Cash-to-Debt falls into.

Mitsui Mining and Smelting 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.

Mitsui Mining and Smelting Co's Cash to Debt Ratio for the fiscal year that ended in Mar. 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)
	=	199.47	/	(613.892	+	632.824)
	=	0.16

Mitsui Mining and Smelting Co's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	246.266	/	(554.558	+	525.981)
	=	0.23

Mitsui Mining and Smelting Co (FRA:MMG) 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.

Mitsui Mining and Smelting Co Cash-to-Debt Related Terms

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

Mitsui Mining and Smelting Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Mitsui Mining and Smelting Co Ltd (FRA:MMG) » Definitions » Cash-to-Debt

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Traded in Other Exchanges

MMSMY:USA 5706:Japan

Address

1-11-1 Osaki, Gate City Ohsaki, West Tower, 19th Floor, Shingagawa-ku, Tokyo, JPN, 141-8584

Website

http://www.mitsui-kinzoku.co.jp

Mitsui Mining and Smelting Co Ltd (Mitsui Kinzoku) is a Japanese company which primarily supplies and produces metals for manufacturers of both automobiles and telecommunications devices. The company is split across four segments: Engineered Materials, within which Mitsui Kinzoku supplies catalytic converters, battery materials, and copper foil used in microelectronics; Metals, which involves mining, smelting, and recycling copper and zinc; Automotive Parts and Components, which principally manufactures door-related automotive parts; and Affiliates Coordination, which includes perlite, die-casting, and engineering projects. Whilst Mitsui Kinzoku derives the majority of revenue domestically, the company operates in several overseas markets, notably the United States and mainland Asia.

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