First Quantum Minerals (TSX:FM) Cash-to-Debt

: 0.15 (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. First Quantum Minerals's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.15.

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, First Quantum Minerals 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 First Quantum Minerals's Cash-to-Debt or its related term are showing as below:

TSX:FM' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.06 Med: 0.18 Max: 0.25
Current: 0.15

During the past 13 years, First Quantum Minerals's highest Cash to Debt Ratio was 0.25. The lowest was 0.06. And the median was 0.18.

TSX:FM's Cash-to-Debt is ranked worse than
87.52% of 2636 companies
in the Metals & Mining industry
Industry Median: 17.92 vs TSX:FM: 0.15

First Quantum Minerals Cash-to-Debt Historical Data

The historical data trend for First Quantum Minerals'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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First Quantum Minerals Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.13

0.11

0.24

0.23

0.15

First Quantum Minerals 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															0.23	0.16	0.16	0.18	0.15

Competitive Comparison

For the Copper subindustry, First Quantum Minerals'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.

First Quantum Minerals Cash-to-Debt Distribution

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

* The bar in red indicates where First Quantum Minerals's Cash-to-Debt falls into.

First Quantum Minerals 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.

First Quantum Minerals'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)
	=	1552.231	/	(1297.327	+	8867.976)
	=	0.15

First Quantum Minerals'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)
	=	1552.231	/	(1297.327	+	8867.976)
	=	0.15

First Quantum Minerals (TSX:FM) 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.

First Quantum Minerals Cash-to-Debt Related Terms

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First Quantum Minerals (TSX:FM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » First Quantum Minerals Ltd (TSX:FM) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

FQVLF:USA IZ1:Germany

Address

330 Bay Street, Suite 1101, Toronto, ON, CAN, M5H 2S8

Website

https://www.first-quantum.com

First Quantum Minerals Ltd is a diversified mining company. The company's principal activities include mineral exploration, mine engineering and construction, and development and mining operations. The firm produces copper in concentrate, copper anode, copper cathode, nickel, gold, zinc, silver, acid, and pyrite. It has operating mines located in Zambia, Panama, Turkey, Spain, Australia and Mauritania. The Company's reportable operating segments are Cobre Panama, Kansanshi, Trident and Ravensthorpe. Majority of the revenue is generated from Cobre Panama.

First Quantum Minerals (TSX:FM) Headlines

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