Iluka Resources (Iluka Resources) Cash-to-Debt

: 2.23 (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. Iluka Resources's cash to debt ratio for the quarter that ended in Dec. 2023 was 2.23.

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

ILKAY' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.17 Med: 1.14 Max: 8.35
Current: 2.23

During the past 13 years, Iluka Resources's highest Cash to Debt Ratio was 8.35. The lowest was 0.17. And the median was 1.14.

ILKAY's Cash-to-Debt is ranked worse than
63.25% of 2631 companies
in the Metals & Mining industry
Industry Median: 18.2 vs ILKAY: 2.23

Iluka Resources Cash-to-Debt Historical Data

The historical data trend for Iluka 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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Iluka Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

1.16

1.45

8.21

8.35

2.23

Iluka Resources 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																8.21	14.20	8.35	3.76	2.23

Competitive Comparison

For the Other Industrial Metals & Mining subindustry, Iluka 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.

Iluka Resources Cash-to-Debt Distribution

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

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

Iluka 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.

Iluka 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)
	=	244.244	/	(5.622	+	103.949)
	=	2.23

Iluka Resources'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)
	=	244.244	/	(5.622	+	103.949)
	=	2.23

Iluka Resources (OTCPK:ILKAY) 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.

Iluka Resources Cash-to-Debt Related Terms

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

Iluka Resources (Iluka Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Iluka Resources Ltd (OTCPK:ILKAY) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

ILKAF:USA ILZ:Germany ILU:Australia

Address

240 St Georges Terrace, Level 17, Perth, WA, AUS, 6000

Website

https://www.iluka.com

Iluka Resources is a leading global mineral sands miner. It is the largest global producer of zircon, and one of the largest producers of titanium dioxide feedstocks (rutile, synthetic rutile). Low zircon costs are underpinned by the high-grade Jacinth-Ambrosia mine in South Australia but reserve life is less than 10 years. A 20% shareholding in Deterra Royalties brings exposure to the high-quality Mining Area C iron ore royalty. Iluka is constructing its West Balranald rutile and zircon mine while also building a rare-earth refinery at Eneabba, which will be able to process Iluka's existing monazite stockpile as well as feed from third parties and future Iluka projects.