American Lithium (TSXV:LI) Cash-to-Debt : 99.92 (As of Nov. 2023)

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What is American Lithium 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. American Lithium's cash to debt ratio for the quarter that ended in Nov. 2023 was 99.92.

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, American Lithium could pay off its debt using the cash in hand for the quarter that ended in Nov. 2023.

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

TSXV:LI' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.65 Med: No Debt Max: No Debt
Current: 99.92

During the past 13 years, American Lithium's highest Cash to Debt Ratio was No Debt. The lowest was 0.65. And the median was No Debt.

TSXV:LI's Cash-to-Debt is ranked better than
59.8% of 2647 companies
in the Metals & Mining industry
Industry Median: 18.37 vs TSXV:LI: 99.92

American Lithium Cash-to-Debt Historical Data

The historical data trend for American Lithium'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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American Lithium Cash-to-Debt Chart

American Lithium Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Cash-to-Debt

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No Debt

23.71

4.86

47.38

179.74

American Lithium Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Cash-to-Debt	Get a 7-Day Free Trial															153.04	179.74	164.91	115.09	99.92

Competitive Comparison of American Lithium's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, American Lithium'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.

American Lithium's Cash-to-Debt Distribution in the Metals & Mining Industry

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

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

American Lithium 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.

American Lithium's Cash to Debt Ratio for the fiscal year that ended in Feb. 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)
	=	40.622	/	(0.075	+	0.151)
	=	179.74

American Lithium's Cash to Debt Ratio for the quarter that ended in Nov. 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)
	=	17.087	/	(0.083	+	0.088)
	=	99.92

American Lithium (TSXV:LI) 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.

American Lithium Cash-to-Debt Related Terms

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

American Lithium (TSXV:LI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » American Lithium Corp (TSXV:LI) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

AMLI:USA 5LA1:Germany

Address

1030 West Georgia Street, Suite 710, Vancouver, BC, CAN, V6E 2Y3

Website

https://www.americanlithiumcorp.com

American Lithium Corp is an exploration-stage company. It is engaged in the development of large-scale lithium projects within mining-friendly jurisdictions throughout the Americas. Its current focus is on developing its strategically located TLC lithium claystone project in the richly mineralized Esmeralda lithium district in Nevada, enabling the shift to a new energy paradigm. In addition, Falchani lithium and Macusani uranium development-stage projects are being advanced in southeastern Peru.

Executives

Graham Elliot Ballachey

Senior Officer