Deterra Royalties (ASX:DRR) Cash-to-Debt : 46.44 (As of Dec. 2023)

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What is Deterra Royalties 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. Deterra Royalties's cash to debt ratio for the quarter that ended in Dec. 2023 was 46.44.

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, Deterra Royalties could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

ASX:DRR' s Cash-to-Debt Range Over the Past 10 Years
Min: 46.44 Med: 100.7 Max: 158.55
Current: 46.44

During the past 3 years, Deterra Royalties's highest Cash to Debt Ratio was 158.55. The lowest was 46.44. And the median was 100.70.

ASX:DRR's Cash-to-Debt is ranked better than
55.42% of 2636 companies
in the Metals & Mining industry
Industry Median: 17.92 vs ASX:DRR: 46.44

Deterra Royalties Cash-to-Debt Historical Data

The historical data trend for Deterra Royalties'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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Deterra Royalties Cash-to-Debt Chart

Deterra Royalties Annual Data

Trend

Jun21

Jun22

Jun23

Cash-to-Debt

77.83

110.71

158.55

Deterra Royalties Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial			105.49	110.71	95.92	158.55	46.44

Competitive Comparison of Deterra Royalties's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, Deterra Royalties'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.

Deterra Royalties's Cash-to-Debt Distribution in the Metals & Mining Industry

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

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

Deterra Royalties 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.

Deterra Royalties'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)
	=	29.491	/	(0.07	+	0.116)
	=	158.55

Deterra Royalties'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)
	=	24.938	/	(0.087	+	0.45)
	=	46.44

Deterra Royalties (ASX:DRR) 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.

Deterra Royalties Cash-to-Debt Related Terms

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Deterra Royalties (ASX:DRR) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

DETRF:USA

Address

140 St Georges Terrace, Level 16, Perth, WA, AUS, 6000

Website

https://www.iluka.com

Deterra Royalties was spun out from Iluka Resources in October 2020 with Iluka retaining a 20% interest. Its only material income generating asset is a royalty covering iron ore produced by BHP from the Mining Area C royalty area, located in the Pilbara region of Western Australia. The royalty area includes the North Flank mine, producing approximately 60 million metric tons of iron ore a year, and the South Flank mine, expected to add a further 85 million metric tons a year by 2024 after producing first ore in 2021. The MAC royalty area also covers most of the Tandanya and Mudlark deposits, which BHP intends to develop in the longer term as part of its plan to operate the MAC production hub for at least 50 years. Deterra's strategy is to grow into a diversified royalty company.