Antofagasta (Antofagasta) Cash-to-Debt : 0.83 (As of Dec. 2023)

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What is Antofagasta 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. Antofagasta's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.83.

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

ANFGF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.63 Med: 0.81 Max: 1.17
Current: 0.83

During the past 13 years, Antofagasta's highest Cash to Debt Ratio was 1.17. The lowest was 0.63. And the median was 0.81.

ANFGF's Cash-to-Debt is ranked worse than
70.68% of 2636 companies
in the Metals & Mining industry
Industry Median: 17.92 vs ANFGF: 0.83

Antofagasta Cash-to-Debt Historical Data

The historical data trend for Antofagasta'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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Antofagasta Cash-to-Debt Chart

Antofagasta Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.80

0.98

1.17

0.73

0.83

Antofagasta 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															1.17	0.86	0.73	0.74	0.83

Competitive Comparison of Antofagasta's Cash-to-Debt

For the Copper subindustry, Antofagasta'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.

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

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

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

Antofagasta 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.

Antofagasta'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)
	=	3376.6	/	(901.9	+	3174.8)
	=	0.83

Antofagasta'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)
	=	3376.6	/	(901.9	+	3174.8)
	=	0.83

Antofagasta (OTCPK:ANFGF) 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.

Antofagasta Cash-to-Debt Related Terms

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Antofagasta (Antofagasta) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Antofagasta PLC (OTCPK:ANFGF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

ANTOl:UK ANTO:UK FG1:Germany

Address

103 Mount Street, London, GBR, W1K 2TJ

Website

https://www.antofagasta.co.uk

Antofagasta PLC is a Chilean copper mining company. The company operates four copper mines in Chile, two of which produce significant volumes of by-products. The company also has a portfolio of growth opportunities located mainly in Chile. In addition to mining, the company has a transport division providing rail and road cargo services in northern Chile to mining customers. All of the company's operations are located in the Antofagasta Region of northern Chile except for its flagship operation, Los Pelambres, which is in the Coquimbo Region of central Chile. The operating business segments are Los Pelambres, Centinela, Antucoya, Zaldivar, Exploration and evaluation, Corporate and other items, and Transport division. The Los Pelambres segment drives maximum revenue.