CopperCorp Resources (TSXV:CPER) Cash-to-Debt : 87.66 (As of Mar. 2024)

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What is CopperCorp Resources 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. CopperCorp Resources's cash to debt ratio for the quarter that ended in Mar. 2024 was 87.66.

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, CopperCorp Resources could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

TSXV:CPER' s Cash-to-Debt Range Over the Past 10 Years
Min: 54.98 Med: 59.52 Max: No Debt
Current: 87.66

During the past 4 years, CopperCorp Resources's highest Cash to Debt Ratio was No Debt. The lowest was 54.98. And the median was 59.52.

TSXV:CPER's Cash-to-Debt is ranked better than
59.62% of 2652 companies
in the Metals & Mining industry
Industry Median: 17.74 vs TSXV:CPER: 87.66

CopperCorp Resources Cash-to-Debt Historical Data

The historical data trend for CopperCorp Resources'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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CopperCorp Resources Cash-to-Debt Chart

CopperCorp Resources Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

No Debt

83.65

57.98

79.93

CopperCorp Resources Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial								56.39	54.98	59.52	79.93	87.66

Competitive Comparison of CopperCorp Resources's Cash-to-Debt

For the Copper subindustry, CopperCorp Resources'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.

CopperCorp Resources's Cash-to-Debt Distribution in the Metals & Mining Industry

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

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

CopperCorp Resources 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.

CopperCorp Resources'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)
	=	5.595	/	(0.057	+	0.013)
	=	79.93

CopperCorp Resources's Cash to Debt Ratio for the quarter 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)
	=	4.909	/	(0.015	+	0.041)
	=	87.66

CopperCorp Resources (TSXV:CPER) 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.

CopperCorp Resources Cash-to-Debt Related Terms

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

CopperCorp Resources (TSXV:CPER) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » CopperCorp Resources Inc (TSXV:CPER) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

CPCPF:USA

Address

550 - 800 West Pender Street, Vancouver, BC, CAN, V6C 2V6

Website

https://www.coppercorpinc.com

CopperCorp Resources Inc is engaged in the business of exploration of mineral properties in Australia. Its objective is to explore, locate and potentially develop economic precious and base metals properties of merit. Its project portfolio includes AMC and Skyline projects.

CopperCorp Resources (TSXV:CPER) Headlines

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