Advance Metals (ASX:AVM) Cash-to-Debt : No Debt ⁽¹⁾ (As of Jun. 2023)

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What is Advance Metals 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. Advance Metals's cash to debt ratio for the quarter that ended in Jun. 2023 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, Advance Metals could pay off its debt using the cash in hand for the quarter that ended in Jun. 2023.

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

ASX:AVM' 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, Advance Metals's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

ASX:AVM's Cash-to-Debt is ranked better than
99.67% of 615 companies
in the Steel industry
Industry Median: 0.44 vs ASX:AVM: No Debt

Advance Metals Cash-to-Debt Historical Data

The historical data trend for Advance Metals'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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Advance Metals Cash-to-Debt Chart

Advance Metals Annual Data

Trend

Aug14

Aug15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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No Debt

Advance Metals Semi-Annual Data
	Feb14	Aug14	Feb15	Aug15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Advance Metals's Cash-to-Debt

For the Coking Coal subindustry, Advance Metals'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.

Advance Metals's Cash-to-Debt Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Advance Metals's Cash-to-Debt distribution charts can be found below:

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

Advance Metals 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.

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

Advance Metals had no debt ⁽¹⁾.

Advance Metals's Cash to Debt Ratio for the quarter that ended in Jun. 2023 is calculated as:

Advance Metals had no debt ⁽¹⁾.

Advance Metals (ASX:AVM) 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.

Advance Metals Cash-to-Debt Related Terms

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Advance Metals (ASX:AVM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Advance Metals Ltd (ASX:AVM) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

89 York Street, Suite 706, Level 7, Sydney, NSW, AUS, 2000

Website

https://www.advancemetals.com.au

Advance Metals Ltd is a Australia-based mineral exploration company engaged in investment in renewable energy and coal exploration. It holds coal licenses for exploration in the coking coal regions of Kootenay in British Columbia and applications for exploration licenses in the metallurgical coal region of the Arkoma Basin in Oklahoma. The Group has only two reportable segments, being the geographic location of assets in Canada and Australia. The company plans to develop a portfolio of projects that support the green economy through the discovery and delivery of commodities that promote electrification and decarbonization.

Advance Metals (ASX:AVM) Headlines

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Advance Metals (ASX:AVM) Cash-to-Debt : No Debt (1) (As of Jun. 2023)