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South32SHTLF 68 Cash-to-Debt is 1.15 as of Jun. 2026, which is 10% below its 10-year median of 1.28. GuruFocus rates SHTLF with a GF Score™ of 68/100 and a GF Value™ of $2.37 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 2,616 Metals & Mining companies, South32 ranks worse than 74.24% on this metric.
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. South32's cash to debt ratio for the quarter that ended in Jun. 2026 was 1.15.
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, South32could pay off its debt using the cash in hand for the quarter that ended in Jun. 2026.
The historical rank and industry rank for South32's Cash-to-Debt or its related term are showing as below:
SHTLF'
s Cash-to-Debt Range Over the Past 10 Years
Min: 0.54 Med: 1.28 Max: 3.18
Current: 1.15
During the past 13 years, South32's highest Cash to Debt Ratio was 3.18. The lowest was 0.54. And the median was 1.28.
SHTLF's Cash-to-Debt is ranked worse than 74.24% of 2616
companies
in the Metals & Mining industry
Industry Median: 34.325
vs SHTLF: 1.15
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.
South32 Cash-to-Debt Related Terms
South32 Cash-to-Debt Historical Data
* Premium members only.
The historical data trend for South32'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.
For the Other Industrial Metals & Mining subindustry, South32'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.
South32 Cash-to-Debt vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, South32's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where South32's Cash-to-Debt falls into.
* 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.
South32 (SHTLF) has a Cash-to-Debt of 1.15 as of Jun. 2026. This is 10% below median its historical median of 1.28. Over the past decade, South32's Cash-to-Debt has ranged from 0.54 to 3.18. According to the industry distribution chart, South32 ranks #1942 out of 2616 companies in the Metals & Mining industry, placing it in the top 74.2%.
Is South32's Cash-to-Debt too high?
South32's current Cash-to-Debt of 1.15 is 10% below median its 10-year median of 1.28. Over the past 10 years, this metric has ranged from a low of 0.54 to a high of 3.18. The Metals & Mining industry median Cash-to-Debt is 34.33. South32's value of 1.15 is 96.6% below this industry median. Based on the distribution chart, South32 ranks #1942 out of 2616 companies in the Metals & Mining industry, which is below the industry midpoint. Overall, South32 has a GF Score™ of 68/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does South32's Cash-to-Debt compare to competitors?
According to the Metals & Mining industry distribution chart, South32 ranks #1942 out of 2616 companies for Cash-to-Debt. This places South32 in the lower half of its industry. The industry median Cash-to-Debt is 34.33. South32's value of 1.15 is 96.6% below this benchmark. Historically, South32's own Cash-to-Debt has ranged from 0.54 to 3.18 over the past decade. While the company's 10-year median is 1.28 vs. the industry median of 34.33, South32 has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cash-to-Debt for a Metals & Mining company?
The median Cash-to-Debt among Metals & Mining companies is 34.33, based on 2,616 companies in the industry. Companies in the top quartile (top 25%) have a Cash-to-Debt significantly above this median, while those in the bottom quartile fall well below. However, Cash-to-Debt should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. South32's current Cash-to-Debt of 1.15 is 96.6% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cash-to-Debt mean?
A high Cash-to-Debt can signal that a stock is expensive relative to its fundamentals. For the Metals & Mining industry, the median Cash-to-Debt is 34.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. South32's current Cash-to-Debt is 1.15, which is 10% below median its own 10-year median of 1.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is South32 stock overvalued right now?
Based on GuruFocus' analysis, South32 (SHTLF) is currently considered Significantly Overvalued. The stock's GF Value™ is $2.37, compared to a current price of $3.40 — trading 43.5% above its estimated fair value. The current Cash-to-Debt is 1.15, which is 10% below median its 10-year median of 1.28 and 96.6% below the Metals & Mining industry median of 34.33. South32's overall GF Score™ is 68/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cash-to-Debt calculated?
Cash-to-Debt is calculated from a company's financial statements. For South32 (SHTLF), the current Cash-to-Debt is 1.15 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is South32 (SHTLF) Overvalued in 2026?
Based on GuruFocus' analysis, South32 stock appears to be overvalued.
The current stock price of $3.40 is trading 43.5% above its estimated GF Value™ of $2.37.
GuruFocus considers South32 to be Significantly Overvalued.
Key valuation signals for SHTLF:
Cash-to-Debt: 1.15 (10% below median its 10-year median of 1.28)
GF Value™: $2.37 vs. price of $3.40 (43.5% above fair value)
Industry Position: 96.6% below the Metals & Mining median (#1942 of 2616)
No single metric tells the full story. See the SHTLF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
South32 was born of the demerger of noncore assets from BHP in 2015. Its major operations include alumina businesses in Australia and Brazil, aluminum in Brazil, South Africa, and Mozambique, and manganese businesses in Australia and South Africa. It sold New South Wales metallurgical coal in August 2024 and the Cerro Matoso nickel mine in Colombia in December 2025. It also owns the Cannington silver/lead/zinc mine in Queensland. Its Australian manganese operations deliver high returns, but have a relatively short reserve life. The company acquired Arizona Mining, which brings with it the high-grade and likely low-cost Taylor project in the US, and also entered the copper business in 2022 via the purchase of a 45% stake in the Sierra Gorda mine in Chile.
68GF Score
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