Eastern Platinum (TSX:ELR) Cash-to-Debt : 18.90 (As of Sep. 2024)

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What is Eastern Platinum 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. Eastern Platinum's cash to debt ratio for the quarter that ended in Sep. 2024 was 18.90.

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, Eastern Platinum could pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

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

TSX:ELR' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.39 Med: 5078.01 Max: No Debt
Current: 18.9

During the past 13 years, Eastern Platinum's highest Cash to Debt Ratio was No Debt. The lowest was 0.39. And the median was 5078.01.

TSX:ELR's Cash-to-Debt is ranked better than
50.31% of 2606 companies
in the Metals & Mining industry
Industry Median: 17.89 vs TSX:ELR: 18.90

Eastern Platinum Cash-to-Debt Historical Data

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

Eastern Platinum Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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31.05

0.39

1.68

0.48

14.47

Eastern Platinum 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															9.78	14.47	20.94	18.81	18.90

Competitive Comparison of Eastern Platinum's Cash-to-Debt

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

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

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

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

Eastern Platinum 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.

Eastern Platinum'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)
	=	28.642	/	(1.894	+	0.085)
	=	14.47

Eastern Platinum'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)
	=	11.526	/	(0.546	+	0.064)
	=	18.90

Eastern Platinum (TSX:ELR) 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.

Eastern Platinum Cash-to-Debt Related Terms

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

Eastern Platinum Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Eastern Platinum Ltd (TSX:ELR) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

EPS:South Africa ELRFF:USA E9P1:Germany

Address

1188 West Georgia Street, Suite 1080, Vancouver, BC, CAN, V6E 4A2

Website

https://www.eastplats.com

Eastern Platinum Ltd owns, directly and indirectly, a number of PGM and chrome assets in the Republic of South Africa. All of the company's properties are situated on the western and eastern limbs of the Bushveld Complex, the geological environment that hosts approximately 80% of the world's PGM-bearing ore. It has three segments CRM, Eastern Limb and Corporate. Operations at the Crocodile River Mine include re-mining and processing its tailings resource, with an offtake of the chrome concentrate to Union Goal from the Zandfontein UG2 tailings facility and the processing and extraction of platinum group metals.

Executives