DBGF (Panex Resources) Cash-to-Debt: No Debt (1) (As of Aug. 2016)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

What is Panex Resources Cash-to-Debt?

Panex Resources DBGF Cash-to-Debt is No Debt (1) as of Aug. 2016.

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. Panex Resources's cash to debt ratio for the quarter that ended in Aug. 2016 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, Panex Resources could pay off its debt using the cash in hand for the quarter that ended in Aug. 2016.

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

DBGF's Cash-to-Debt is not ranked *
in the Metals & Mining industry.
Industry Median: 36.475
* Ranked among companies with meaningful Cash-to-Debt only.

Panex Resources  (OTCPK:DBGF) 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.

Panex Resources Cash-to-Debt Related Terms

Panex Resources Cash-to-Debt Historical Data

* Premium members only.

The historical data trend for Panex Resources'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.

Panex Resources Cash-to-Debt Chart

Panex Resources Annual Data
Trend Aug07 Aug08 Aug09 Aug10 Aug11 Aug12 Aug13 Aug14 Aug15 Aug16
Cash-to-Debt
Get a 7-Day Free Trial Premium Member Only Premium Member Only No Debt 0.01 No Debt No Debt No Debt

Panex Resources Quarterly Data
Nov11 Feb12 May12 Aug12 Nov12 Feb13 May13 Aug13 Nov13 Feb14 May14 Aug14 Nov14 Feb15 May15 Aug15 Nov15 Feb16 May16 Aug16
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only No Debt No Debt No Debt No Debt No Debt

Panex Resources Cash-to-Debt Competitor Comparison

For the Other Industrial Metals & Mining subindustry, Panex Resources'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.

Panex Resources Cash-to-Debt vs Metals & Mining Industry

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

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


Panex Resources 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.

Panex Resources's Cash to Debt Ratio for the fiscal year that ended in Aug. 2016 is calculated as:

Panex Resources had no debt (1).

Panex Resources's Cash to Debt Ratio for the quarter that ended in Aug. 2016 is calculated as:

Panex Resources had no debt (1).

* 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.

Frequently Asked Questions Learn more about Cash-to-Debt →
What does a Cash-to-Debt of No Debt <sup>(1)</sup> mean?
Panex Resources (DBGF) has a Cash-to-Debt of No Debt (1) as of Aug. 2016.
Is Panex Resources' Cash-to-Debt too high?
Panex Resources' current Cash-to-Debt is No Debt (1).
How does Panex Resources' Cash-to-Debt compare to competitors?
Panex Resources' Cash-to-Debt of No Debt (1) can be compared against companies in the Metals & Mining industry. The industry median Cash-to-Debt is 36.48. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cash-to-Debt for a Metals & Mining company?
The median Cash-to-Debt among Metals & Mining companies is 36.48, based on 2,624 companies in the industry. Companies in the top quartile (top 25%) have a Cash-to-Debt significantly above this median, while those in the bottom quartile fall well below. However, Cash-to-Debt should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cash-to-Debt mean?
A high Cash-to-Debt can signal that a stock is expensive relative to its fundamentals. For the Metals & Mining industry, the median Cash-to-Debt is 36.48 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Panex Resources's current Cash-to-Debt is No Debt (1). However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Panex Resources stock overvalued right now?
Panex Resources (DBGF) has a current Cash-to-Debt of No Debt (1). The current Cash-to-Debt is No Debt (1). Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cash-to-Debt calculated?
Cash-to-Debt is calculated from a company's financial statements. For Panex Resources (DBGF), the current Cash-to-Debt is No Debt (1) as of Aug. 2016. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Panex Resources Business Description

Address 504A Casabianca, 17 Bd du Larvotto, Monte Carlo, MCO, 98000
Panex Resources Inc is a mineral exploration company in Africa. It is engaged in the acquisition and exploration of mineral properties. The company is an exploration stage company. Its exploration program will be designed to explore for commercially viable deposits of base and precious minerals such as gold, silver, lead, barium, mercury, copper and zinc minerals.