Sandfire Resources America (STU:T1R) Cash-to-Debt : 0.03 (As of Mar. 2024)

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What is Sandfire Resources America 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. Sandfire Resources America's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.03.

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, Sandfire Resources America couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

STU:T1R' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 27.93 Max: No Debt
Current: 0.03

During the past 13 years, Sandfire Resources America's highest Cash to Debt Ratio was No Debt. The lowest was 0.01. And the median was 27.93.

STU:T1R's Cash-to-Debt is ranked worse than
95.64% of 2636 companies
in the Metals & Mining industry
Industry Median: 17.92 vs STU:T1R: 0.03

Sandfire Resources America Cash-to-Debt Historical Data

The historical data trend for Sandfire Resources America'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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Sandfire Resources America Cash-to-Debt Chart

Sandfire Resources America Annual Data

Trend

Sep14

Sep15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

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27.99

0.03

27.20

0.01

Sandfire Resources America Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															0.01	0.01	0.02	0.03	0.03

Competitive Comparison of Sandfire Resources America's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, Sandfire Resources America'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.

Sandfire Resources America's Cash-to-Debt Distribution in the Metals & Mining Industry

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

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

Sandfire Resources America 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.

Sandfire Resources America'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)
	=	0.083	/	(17.747	+	0.048)
	=	0.00

Sandfire Resources America's Cash to Debt Ratio for the quarter that ended in Mar. 2024 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)
	=	0.768	/	(26.035	+	0)
	=	0.03

Sandfire Resources America (STU:T1R) 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.

Sandfire Resources America Cash-to-Debt Related Terms

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Sandfire Resources America (STU:T1R) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Sandfire Resources America Inc (STU:T1R) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

SRAFF:USA SFR:Canada

Address

595 Howe Street, 10th Floor, Vancouver, BC, CAN, V6C 2T5

Website

https://www.sandfireamerica.com

Sandfire Resources America Inc is engaged in the exploration, development, and mining of its 100% owned flagship property, the Black Butte Copper Project in central Montana, USA. The property contains sediment-hosted zones of massive sulfide mineralization. The drilling encountered significant zones of strata-bound copper sulfide with cobalt in multiple bedded pyrite zones in the lower part of the Precambrian Belt Super group. The Company's operations are limited to a single industry segment being the acquisition, exploration, and development of resource properties.

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