African Pioneer (LSE:AFP) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is African Pioneer 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. African Pioneer's cash to debt ratio for the quarter that ended in Dec. 2023 was No Debt ⁽¹⁾.

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, African Pioneer could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

(1) 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.

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

LSE:AFP' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.04 Med: 5000.65 Max: No Debt
Current: No Debt

During the past 6 years, African Pioneer's highest Cash to Debt Ratio was No Debt. The lowest was 0.04. And the median was 5000.65.

LSE:AFP's Cash-to-Debt is ranked better than
99.96% of 2654 companies
in the Metals & Mining industry
Industry Median: 17.81 vs LSE:AFP: No Debt

African Pioneer Cash-to-Debt Historical Data

The historical data trend for African Pioneer'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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African Pioneer Cash-to-Debt Chart

African Pioneer Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

0.04

1.30

No Debt

African Pioneer Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial					No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of African Pioneer's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, African Pioneer'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.

African Pioneer's Cash-to-Debt Distribution in the Metals & Mining Industry

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

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

African Pioneer 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.

African Pioneer's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

African Pioneer had no debt ⁽¹⁾.

African Pioneer's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

African Pioneer had no debt ⁽¹⁾.

African Pioneer (LSE:AFP) 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.

African Pioneer Cash-to-Debt Related Terms

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

African Pioneer (LSE:AFP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » African Pioneer PLC (LSE:AFP) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

9TI:Germany

Address

19-21 Circular Road, Douglas, IMN, IM1 1AF

Website

https://www.africanpioneerplc.com

African Pioneer PLC is engaged in exploring opportunities within the natural resources sector in Sub-Saharan Africa, with a focus on base and precious metals including but not limited to copper, nickel, and zinc. The company' tends to enhance the value of its mineral resource Projects located in Namibia, Zambia, and Botswana through exploration and technical studies conducted by the company or through a joint venture or other arrangements to establish the Projects.

African Pioneer (LSE:AFP) Headlines

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African Pioneer (LSE:AFP) Cash-to-Debt : No Debt (1) (As of Dec. 2023)