Aeris Resources (ASX:AIS) Cash-to-Debt : 0.37 (As of Dec. 2023)

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What is Aeris Resources 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. Aeris Resources's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.37.

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

ASX:AIS' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.06 Med: 0.35 Max: 8.85
Current: 0.37

During the past 13 years, Aeris Resources's highest Cash to Debt Ratio was 8.85. The lowest was 0.06. And the median was 0.35.

ASX:AIS's Cash-to-Debt is ranked worse than
77.72% of 2653 companies
in the Metals & Mining industry
Industry Median: 17.62 vs ASX:AIS: 0.37

Aeris Resources Cash-to-Debt Historical Data

The historical data trend for Aeris 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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Aeris Resources Cash-to-Debt Chart

Aeris Resources Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

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0.47

1.01

2.90

8.85

0.82

Aeris 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	Get a 7-Day Free Trial															5.87	8.85	3.28	0.82	0.37

Competitive Comparison of Aeris Resources's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, Aeris 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.

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

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

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

Aeris 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.

Aeris Resources'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)
	=	20.262	/	(10.292	+	14.519)
	=	0.82

Aeris 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)
	=	22.956	/	(10.427	+	52.129)
	=	0.37

Aeris Resources (ASX:AIS) 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.

Aeris Resources Cash-to-Debt Related Terms

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

Aeris Resources (ASX:AIS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Aeris Resources Ltd (ASX:AIS) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

ARSRF:USA

Address

120 Edward Street, Level 6, Brisbane, QLD, AUS, 4000

Website

https://www.aerisresources.com.au

Aeris Resources Ltd is a mineral exploration and production company. It engages in mineral production and sale of copper, gold, and silver and the exploration of copper. Business operating segments are organized into 6 divisions being: Tritton Copper Operations (Tritton) in New South Wales; Cracow Gold Operations (Cracow) in Queensland; North West Copper Operations (North West) in Queensland, Jaguar Zinc and Copper Operations (Jaguar) in Western Australia; Stockman Copper and Zinc Project (Stockman) in Victoria; and Others, representing corporate activities. Substantial revenue is generated from Tritton Copper Operation.

Aeris Resources (ASX:AIS) Headlines

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