Copper 360 (JSE:CPR) Cash-to-Debt : 0.06 (As of Aug. 2023)

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What is Copper 360 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 360's cash to debt ratio for the quarter that ended in Aug. 2023 was 0.06.

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, Copper 360 couldn't pay off its debt using the cash in hand for the quarter that ended in Aug. 2023.

The historical rank and industry rank for Copper 360's Cash-to-Debt or its related term are showing as below:

JSE:CPR' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.03 Max: 0.06
Current: 0.06

During the past 1 years, Copper 360's highest Cash to Debt Ratio was 0.06. The lowest was 0.01. And the median was 0.03.

JSE:CPR's Cash-to-Debt is ranked worse than
92.68% of 2650 companies
in the Metals & Mining industry
Industry Median: 17.81 vs JSE:CPR: 0.06

Copper 360 Cash-to-Debt Historical Data

The historical data trend for Copper 360'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 360 Cash-to-Debt Chart

Copper 360 Annual Data

Trend

Feb22

Cash-to-Debt

0.01

Copper 360 Semi-Annual Data
	Feb22	Aug22	Aug23
Cash-to-Debt	0.01	N/A	0.06

Competitive Comparison of Copper 360's Cash-to-Debt

For the Copper subindustry, Copper 360'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 360's Cash-to-Debt Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Copper 360's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Copper 360's Cash-to-Debt falls into.

Copper 360 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 360's Cash to Debt Ratio for the fiscal year that ended in Feb. 2022 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)
	=	0.296	/	(6.62	+	56.391)
	=	0.00

Copper 360's Cash to Debt Ratio for the quarter that ended in Aug. 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)
	=	8.202	/	(7.239	+	141.478)
	=	0.06

Copper 360 (JSE:CPR) 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 360 Cash-to-Debt Related Terms

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Copper 360 (JSE:CPR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Copper 360 Ltd (JSE:CPR) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Main Road, Nababeep, Nababeep, NC, ZAF, 8265

Website

https://www.copper360.co.za

Copper 360 Ltd is focused on processing historically mined copper rock dumps through a process of environmental clean-up, and mining surface and shallow copper resources. The group's operations are based in the Northern Cape province of South Africa.

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