Almaden Minerals (Almaden Minerals) Cash-to-Debt : 0.99 (As of Sep. 2023)

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What is Almaden Minerals 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. Almaden Minerals's cash to debt ratio for the quarter that ended in Sep. 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, Almaden Minerals couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

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

AAU' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.32 Med: No Debt Max: No Debt
Current: 0.99

During the past 13 years, Almaden Minerals's highest Cash to Debt Ratio was No Debt. The lowest was 0.32. And the median was No Debt.

AAU's Cash-to-Debt is ranked worse than
68.47% of 2636 companies
in the Metals & Mining industry
Industry Median: 17.81 vs AAU: 0.99

Almaden Minerals Cash-to-Debt Historical Data

The historical data trend for Almaden 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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Almaden Minerals Cash-to-Debt Chart

Almaden Minerals Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

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No Debt

0.32

0.84

2.69

1.52

Almaden Minerals Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial															1.68	1.52	1.27	1.09	0.99

Competitive Comparison of Almaden Minerals's Cash-to-Debt

For the Gold subindustry, Almaden 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.

Almaden Minerals's Cash-to-Debt Distribution in the Metals & Mining Industry

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

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

Almaden 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.

Almaden Minerals's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 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)
	=	4.901	/	(0.065	+	3.17)
	=	1.51

Almaden Minerals's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	3.452	/	(0.072	+	3.421)
	=	0.99

Almaden Minerals (AMEX:AAU) 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.

Almaden Minerals Cash-to-Debt Related Terms

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Almaden Minerals (Almaden Minerals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Almaden Minerals Ltd (AMEX:AAU) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

AAU:Mexico A4E1:Germany AMM:Canada

Address

1333 Johnston Street, Suite 210, Vancouver, BC, CAN, V6H 3R9

Website

https://www.almadenminerals.com

Almaden Minerals Ltd is an exploration stage company and is engaged in the exploration and development of properties in Canada and Mexico. The company owns an interest in the Tuligtic project in Puebla State, Mexico. Tuligtic covers the Ixtaca Gold-Silver Deposit.