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AUMMF (AuMega Metals) Cash-to-Debt : 81.14 (As of Jun. 2024)


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What is AuMega 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. AuMega Metals's cash to debt ratio for the quarter that ended in Jun. 2024 was 81.14.

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, AuMega Metals could pay off its debt using the cash in hand for the quarter that ended in Jun. 2024.

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

AUMMF' s Cash-to-Debt Range Over the Past 10 Years
Min: 5.62   Med: No Debt   Max: No Debt
Current: 82.46

During the past 7 years, AuMega Metals's highest Cash to Debt Ratio was No Debt. The lowest was 5.62. And the median was No Debt.

AUMMF's Cash-to-Debt is ranked better than
57.64% of 2580 companies
in the Metals & Mining industry
Industry Median: 20.23 vs AUMMF: 82.46

AuMega Metals Cash-to-Debt Historical Data

The historical data trend for AuMega 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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AuMega Metals Cash-to-Debt Chart

AuMega Metals Annual Data
Trend Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Dec23
Cash-to-Debt
Get a 7-Day Free Trial 5.62 No Debt No Debt No Debt 96.71

AuMega Metals Semi-Annual Data
Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Cash-to-Debt Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only No Debt 66.62 50.60 96.71 81.14

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

For the Gold subindustry, AuMega 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.

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

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

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


AuMega 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.

AuMega Metals's Cash to Debt Ratio for the fiscal year that ended in Dec. 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)
=6.673 / (0.017 + 0.052)
=96.71

AuMega Metals's Cash to Debt Ratio for the quarter that ended in Jun. 2024 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)
=4.544 / (0.025 + 0.031)
=81.14

* 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.

AuMega Metals  (OTCPK:AUMMF) 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.

AuMega Metals Cash-to-Debt Related Terms

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AuMega Metals Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » AuMega Metals Ltd (OTCPK:AUMMF) » Definitions » Cash-to-Debt
Comparable Companies
ASX:TAM ASX:TRE ASX:SKY ASX:NXM ASX:WCN ASX:AUN ASX:AS1 ASX:MAT ASX:KNB ASX:VTX SHSE:601899 NEM TSX:AEM TSX:ABX TSX:WPM TSX:FNV MIC:PLZL JSE:GFI AU SHSE:600547
Traded in Other Exchanges
AUM:Canada AAM:Australia
Address
24 Hasler Road, Osborne Road, Perth, WA, AUS, 6017
Website
https://www.aumegametals.com
AuMega Metals Ltd is a mineral exploration company focused on making mineral discoveries in the vastly underexplored Newfoundland, Canada. It is well positioned with a district-scale land package comprising 120-kilometres of continuous strike along the under-explored, multi-million-ounce Cape Ray Shear Zone, a prolific gold structure in Newfoundland that currently hosts mineral deposits.