Ascot Resources (TSX:AOT) Cash-to-Debt : 0.99 (As of Dec. 2023)

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What is Ascot 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. Ascot Resources's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.99.

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

TSX:AOT' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.17 Med: 5000.7 Max: No Debt
Current: 0.99

During the past 13 years, Ascot Resources's highest Cash to Debt Ratio was No Debt. The lowest was 0.17. And the median was 5000.70.

TSX:AOT's Cash-to-Debt is ranked worse than
68.33% of 2643 companies
in the Metals & Mining industry
Industry Median: 18.42 vs TSX:AOT: 0.99

Ascot Resources Cash-to-Debt Historical Data

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

Ascot Resources Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.37

1.00

1.40

0.17

0.99

Ascot Resources 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															0.17	9.39	6.62	5.60	0.99

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

For the Other Industrial Metals & Mining subindustry, Ascot 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.

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

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

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

Ascot 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.

Ascot Resources'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)
	=	26.974	/	(3.707	+	23.562)
	=	0.99

Ascot 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)
	=	26.974	/	(3.707	+	23.562)
	=	0.99

Ascot Resources (TSX:AOT) 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.

Ascot Resources Cash-to-Debt Related Terms

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

Ascot Resources (TSX:AOT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Ascot Resources Ltd (TSX:AOT) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

AOTVF:USA BHQ:Germany

Address

1095 West Pender Street, Suite 1050, Vancouver, BC, CAN, V6E 2M6

Website

https://www.ascotgold.com

Ascot Resources Ltd is a development and exploration company. It is a focused gold and silver explorer with a portfolio of advanced and grassroots projects in the Golden Triangle region of British Columbia. It holds an interest in Premier Gold Project and Red Mountain Project. The company also has two other properties; Swamp Point, an aggregate project located in British Columbia on the Portland Canal, and Mt. Margaret, a porphyry copper-molybdenum-gold-silver deposit located in Washington State, USA.

Ascot Resources (TSX:AOT) Headlines

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