Ivanhoe Mines (TSX:IVN) Cash-to-Debt : 0.87 (As of Dec. 2023)

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What is Ivanhoe Mines 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. Ivanhoe Mines's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.87.

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

TSX:IVN' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.87 Med: 6.36 Max: 17.04
Current: 0.87

During the past 13 years, Ivanhoe Mines's highest Cash to Debt Ratio was 17.04. The lowest was 0.87. And the median was 6.36.

TSX:IVN's Cash-to-Debt is ranked worse than
70.03% of 2636 companies
in the Metals & Mining industry
Industry Median: 17.92 vs TSX:IVN: 0.87

Ivanhoe Mines Cash-to-Debt Historical Data

The historical data trend for Ivanhoe Mines'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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Ivanhoe Mines Cash-to-Debt Chart

Ivanhoe Mines Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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13.43

5.17

1.24

1.13

0.87

Ivanhoe Mines 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	Get a 7-Day Free Trial															1.13	0.91	0.66	0.45	0.87

Competitive Comparison of Ivanhoe Mines's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, Ivanhoe Mines'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.

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

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

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

Ivanhoe Mines 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.

Ivanhoe Mines'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)
	=	751.69	/	(117.228	+	751.352)
	=	0.87

Ivanhoe Mines'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)
	=	751.69	/	(117.228	+	751.352)
	=	0.87

Ivanhoe Mines (TSX:IVN) 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.

Ivanhoe Mines Cash-to-Debt Related Terms

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Ivanhoe Mines (TSX:IVN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Ivanhoe Mines Ltd (TSX:IVN) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

IVPAF:USA IYAA:Germany

Address

999 Canada Place, Suite 606, Vancouver, BC, CAN, V6C 3E1

Website

https://www.ivanhoemines.com

Ivanhoe Mines Ltd is a diversified mining company focused on advancing its three principal projects in Southern Africa; the expansion of the Kamoa-Kakula Copper Complex in the DRC, the construction of the tier-one Platreef palladium-rhodium-platinum-nickel-copper-gold project in South Africa; and the restart of the historic ultra-high-grade Kipushi zinc-copper-germanium-silver mine, also in the DRC. It is also exploring for new copper discoveries across its circa 2,400km2 of 90-100% owned exploration licences in the Western Foreland, located adjacent to the Kamoa-Kakula Copper Complex.

Ivanhoe Mines (TSX:IVN) Headlines

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