Zijin Mining Group Co (Zijin Mining Group Co) Cash-to-Debt

: 0.17 (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. Zijin Mining Group Co's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.17.

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

ZIJMY' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.15 Med: 0.2 Max: 0.27
Current: 0.17

During the past 13 years, Zijin Mining Group Co's highest Cash to Debt Ratio was 0.27. The lowest was 0.15. And the median was 0.20.

ZIJMY's Cash-to-Debt is ranked worse than
86.37% of 2633 companies
in the Metals & Mining industry
Industry Median: 18.1 vs ZIJMY: 0.17

Zijin Mining Group Co Cash-to-Debt Historical Data

The historical data trend for Zijin Mining Group Co'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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Zijin Mining Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

0.15

0.19

0.22

0.21

0.17

Zijin Mining Group Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt																0.21	0.20	0.20	0.17	0.17

Competitive Comparison

For the Gold subindustry, Zijin Mining Group Co'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.

Zijin Mining Group Co Cash-to-Debt Distribution

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

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

Zijin Mining Group Co 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.

Zijin Mining Group Co'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)
	=	3327.044	/	(5464.604	+	14262.373)
	=	0.17

Zijin Mining Group Co'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)
	=	3327.044	/	(5464.604	+	14262.373)
	=	0.17

Zijin Mining Group Co (OTCPK:ZIJMY) 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.

Zijin Mining Group Co Cash-to-Debt Related Terms

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Zijin Mining Group Co (Zijin Mining Group Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Zijin Mining Group Co Ltd (OTCPK:ZIJMY) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

ZIJMF:USA 02899:Hong Kong FJZ:Germany FJZ:Germany 601899:China

Address

No.1 Zijin Road, Zijin Tower, Fujian Province, Shanghang County, Longyan, CHN, 364200

Website

https://www.zjky.cn

Zijin Mining Group Co Ltd is focusing on the exploration and development of gold and copper and other metal mineral resources. The company's operating segment includes Gold bullion; Processed, refined, and trading gold; Gold concentrates; Electrolytic copper & electrodeposited copper; Refined copper; Copper concentrates; Other concentrates; Zinc bullion, Environmental protection, trading, and others. It generates maximum revenue from the Processed, refined & trading gold segment. The Processed, refined, and trading gold segment is engaged in the production of gold bullion by processing gold concentrates produced by the group or purchased from external suppliers and gold bullion in the business of physical gold trading. Geographically, the majority is derived from Mainland China.

Zijin Mining Group Co (Zijin Mining Group Co) Headlines

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