BHP Group (ASX:BHP) Cash-to-Debt

: 0.47 (As of Dec. 2023)

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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. BHP Group's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.47.

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, BHP Group 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 BHP Group's Cash-to-Debt or its related term are showing as below:

ASX:BHP' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.2 Med: 0.49 Max: 1.07
Current: 0.47

During the past 13 years, BHP Group's highest Cash to Debt Ratio was 1.07. The lowest was 0.20. And the median was 0.49.

ASX:BHP's Cash-to-Debt is ranked worse than
76.7% of 2635 companies
in the Metals & Mining industry
Industry Median: 17.94 vs ASX:BHP: 0.47

BHP Group Cash-to-Debt Historical Data

The historical data trend for BHP Group'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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BHP Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

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0.63

0.50

0.73

1.07

0.56

BHP Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															0.66	1.07	0.68	0.56	0.47

Competitive Comparison

For the Other Industrial Metals & Mining subindustry, BHP Group'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.

BHP Group Cash-to-Debt Distribution

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

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

BHP Group 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.

BHP Group'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)
	=	18560.93	/	(10687.77	+	22606.28)
	=	0.56

BHP Group'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)
	=	15843.87	/	(4241.466	+	29230.11)
	=	0.47

BHP Group (ASX:BHP) 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.

BHP Group Cash-to-Debt Related Terms

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BHP Group (ASX:BHP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » BHP Group Ltd (ASX:BHP) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

BHG:South Africa BHPLF:USA BHP:USA BHPN:Mexico BHPl:UK BHP:UK BHP1:Germany BHP:Argentina

Address

171 Collins Street, Level 18, Melbourne, VIC, AUS, 3000

Website

https://www.bhp.com

BHP is a global diversified miner mainly supplying iron ore and copper. The merger of BHP Limited and Billiton PLC created the present-day BHP Group. The dual listed structure from the 2001 BHP and Billiton merger was collapsed in 2022. Major assets include Pilbara iron ore and Escondida copper. Onshore U.S. oil and gas assets were sold in 2018 and the remaining Petroleum assets were spun off and merged with Woodside in 2022, with BHP vesting the Woodside shares it received to BHP shareholders. BHP is growing its nickel business to supply more battery grade nickel and is also entering the potash market through the development of its Jansen mine in Canada. It also purchased copper miner Oz Minerals in fiscal 2023.