Pelangio Exploration (Pelangio Exploration) Cash-to-Debt : 11.77 (As of Dec. 2023)

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What is Pelangio Exploration 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. Pelangio Exploration's cash to debt ratio for the quarter that ended in Dec. 2023 was 11.77.

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, Pelangio Exploration could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

PGXPF' s Cash-to-Debt Range Over the Past 10 Years
Min: 11.85 Med: No Debt Max: No Debt
Current: 11.85

During the past 13 years, Pelangio Exploration's highest Cash to Debt Ratio was No Debt. The lowest was 11.85. And the median was No Debt.

PGXPF's Cash-to-Debt is ranked worse than
52.9% of 2641 companies
in the Metals & Mining industry
Industry Median: 18.3 vs PGXPF: 11.85

Pelangio Exploration Cash-to-Debt Historical Data

The historical data trend for Pelangio Exploration'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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Pelangio Exploration Cash-to-Debt Chart

Pelangio Exploration Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

62.29

27.13

23.62

11.77

Pelangio Exploration Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															23.62	17.72	11.50	13.47	11.77

Competitive Comparison of Pelangio Exploration's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, Pelangio Exploration'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.

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

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

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

Pelangio Exploration 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.

Pelangio Exploration'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)
	=	0.353	/	(0.03	+	0)
	=	11.77

Pelangio Exploration's Cash to Debt Ratio for the quarter 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)
	=	0.353	/	(0.03	+	0)
	=	11.77

Pelangio Exploration (OTCPK:PGXPF) 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.

Pelangio Exploration Cash-to-Debt Related Terms

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

Pelangio Exploration (Pelangio Exploration) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Pelangio Exploration Inc (OTCPK:PGXPF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

PX:Canada

Address

82 Richmond Street East, Toronto, ON, CAN, M5C 1P1

Website

https://www.pelangio.com

Pelangio Exploration Inc is a Canadian junior gold exploration company. The principal business of the company is the acquisition, exploration, and development of mineral property interests in Canada and Ghana, Africa. The company focuses on the acquisition and exploration of early-stage and undervalued exploration prospects located in gold belts. It holds an interest in various properties in Ghana such as Manfo property and Obuasi property. In Canada, the company owns an interest in Birch Lake property and others.