Amex Exploration (TSXV:AMX) Cash-to-Debt : No Debt ⁽¹⁾ (As of Mar. 2024)

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What is Amex Exploration 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. Amex Exploration's cash to debt ratio for the quarter that ended in Mar. 2024 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, Amex Exploration could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

(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 Amex Exploration's Cash-to-Debt or its related term are showing as below:

TSXV:AMX' s Cash-to-Debt Range Over the Past 10 Years
Min: No Debt Med: No Debt Max: No Debt
Current: No Debt

During the past 13 years, Amex Exploration's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

TSXV:AMX's Cash-to-Debt is ranked better than
99.92% of 2647 companies
in the Metals & Mining industry
Industry Median: 18.37 vs TSXV:AMX: No Debt

Amex Exploration Cash-to-Debt Historical Data

The historical data trend for Amex Exploration'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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Amex Exploration Cash-to-Debt Chart

Amex Exploration Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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No Debt

Amex Exploration Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Amex Exploration's Cash-to-Debt

For the Gold subindustry, Amex Exploration'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.

Amex Exploration's Cash-to-Debt Distribution in the Metals & Mining Industry

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

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

Amex Exploration 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.

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

Amex Exploration had no debt ⁽¹⁾.

Amex Exploration's Cash to Debt Ratio for the quarter that ended in Mar. 2024 is calculated as:

Amex Exploration had no debt ⁽¹⁾.

Amex Exploration (TSXV:AMX) 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.

Amex Exploration Cash-to-Debt Related Terms

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

Amex Exploration (TSXV:AMX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Amex Exploration Inc (TSXV:AMX) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

AMXEF:USA MX0:Germany

Address

410 St-Nicolas Street, Suite 236, Montreal, QC, CAN, H2Y 2P5

Website

https://www.amexexploration.com

Amex Exploration Inc is a mining exploration company. It mainly focuses on developing viable gold and base metals deposits in mining-friendly jurisdictions. The company owns an interest in several mining projects including the Perron gold property which is located in the Abitibi region of Quebec, the Lebel-Sur-Quevillon gold project which is located in the north-western part of the province of Quebec, Eastmain River properties which are located in the Eeyou Istchee Territory, James Bay, Quebec, and Gowan property which is situated in Gowan township. Its only operating segments are the exploration and evaluation of mining resources.

Executives

André Shareck

Director