African Gold (ASX:A1G) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2024)

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What is African Gold 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 Gold's cash to debt ratio for the quarter that ended in Dec. 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, African Gold could pay off its debt using the cash in hand for the quarter that ended in Dec. 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 African Gold's Cash-to-Debt or its related term are showing as below:

ASX:A1G' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.57 Med: No Debt Max: No Debt
Current: 2.57

During the past 6 years, African Gold's highest Cash to Debt Ratio was No Debt. The lowest was 0.57. And the median was No Debt.

ASX:A1G's Cash-to-Debt is ranked worse than
61.56% of 2583 companies
in the Metals & Mining industry
Industry Median: 20.93 vs ASX:A1G: 2.57

African Gold Cash-to-Debt Historical Data

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

African Gold Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Cash-to-Debt

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No Debt

0.57

No Debt

African Gold Semi-Annual Data
	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Cash-to-Debt	Get a 7-Day Free Trial							No Debt	No Debt	0.57	2.04	No Debt

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

For the Other Industrial Metals & Mining subindustry, African Gold'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 Gold's Cash-to-Debt Distribution in the Metals & Mining Industry

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

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

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African Gold 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 Gold's Cash to Debt Ratio for the fiscal year that ended in Dec. 2024 is calculated as:

African Gold had no debt ⁽¹⁾.

African Gold's Cash to Debt Ratio for the quarter that ended in Dec. 2024 is calculated as:

African Gold had no debt ⁽¹⁾.

African Gold (ASX:A1G) 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 Gold Cash-to-Debt Related Terms

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

African Gold Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » African Gold Ltd (ASX:A1G) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

8XJ:Germany

Address

513 Hay Street, Level 1, Suite 23, Subiaco, WA, AUS, 6008

Website

https://www.african-gold.com

African Gold Ltd is involved in exploration and evaluation of mineral resources and pursuing various investment opportunities in the resources sector designed to add shareholder value by acquiring, exploring, evaluating and exploiting mineral resource project opportunities in Africa. The company's operating segment includes Exploration and evaluation of Minerals in Cote d'Ivoire and Exploration and evaluation of Minerals in Mali.

African Gold Headlines

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African Gold (ASX:A1G) Cash-to-Debt : No Debt (1) (As of Dec. 2024)