Northam Platinum Holdings (JSE:NPH) Cash-to-Debt : 0.81 (As of Dec. 2023)

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What is Northam Platinum Holdings 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. Northam Platinum Holdings's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.81.

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, Northam Platinum Holdings 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 Northam Platinum Holdings's Cash-to-Debt or its related term are showing as below:

JSE:NPH' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.34 Max: 0.81
Current: 0.81

During the past 4 years, Northam Platinum Holdings's highest Cash to Debt Ratio was 0.81. The lowest was 0.01. And the median was 0.34.

JSE:NPH's Cash-to-Debt is ranked worse than
69.77% of 2653 companies
in the Metals & Mining industry
Industry Median: 17.67 vs JSE:NPH: 0.81

Northam Platinum Holdings Cash-to-Debt Historical Data

The historical data trend for Northam Platinum Holdings'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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Northam Platinum Holdings Cash-to-Debt Chart

Northam Platinum Holdings Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

0.36

0.48

0.06

0.34

Northam Platinum Holdings Semi-Annual Data
	Jun18	Jun19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial					0.05	0.06	0.01	0.34	0.81

Competitive Comparison of Northam Platinum Holdings's Cash-to-Debt

For the Other Precious Metals & Mining subindustry, Northam Platinum Holdings'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.

Northam Platinum Holdings's Cash-to-Debt Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Northam Platinum Holdings's Cash-to-Debt falls into.

Northam Platinum Holdings 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.

Northam Platinum Holdings's Cash to Debt Ratio for the fiscal year that ended in Jun. 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)
	=	5137.446	/	(4284.402	+	10666.806)
	=	0.34

Northam Platinum Holdings'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)
	=	11534.915	/	(4119.658	+	10195.148)
	=	0.81

Northam Platinum Holdings (JSE:NPH) 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.

Northam Platinum Holdings Cash-to-Debt Related Terms

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Northam Platinum Holdings (JSE:NPH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Northam Platinum Holdings Ltd (JSE:NPH) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

NPTLF:USA 7JR:Germany

Address

Magwa Crescent West, Building 4, 1st Floor, Maxwell Office Park, Jukskei View, Waterfall City, GT, ZAF, 2090

Website

https://www.northam.co.za

Northam Platinum Holdings Ltd is an integrated producer of platinum group metals. Its primary products are the three PGMs, platinum, palladium, and rhodium. The primary consumers of these metals are the motor manufacturing industry, the jewelry industry, and other industrial sectors. Its segments include Northam Holdings, Zondereinde mine, Booysendal mine, Eland mine, and the US recycling operations.

Northam Platinum Holdings (JSE:NPH) Headlines

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