Pacific Empire Minerals (TSXV:PEMC) Cash-to-Debt : 16.18 (As of Dec. 2023)

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What is Pacific Empire Minerals 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. Pacific Empire Minerals's cash to debt ratio for the quarter that ended in Dec. 2023 was 16.18.

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, Pacific Empire Minerals 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 Pacific Empire Minerals's Cash-to-Debt or its related term are showing as below:

TSXV:PEMC' s Cash-to-Debt Range Over the Past 10 Years
Min: 7.47 Med: 38 Max: No Debt
Current: 16.18

During the past 7 years, Pacific Empire Minerals's highest Cash to Debt Ratio was No Debt. The lowest was 7.47. And the median was 38.00.

TSXV:PEMC's Cash-to-Debt is ranked worse than
51.14% of 2642 companies
in the Metals & Mining industry
Industry Median: 18.42 vs TSXV:PEMC: 16.18

Pacific Empire Minerals Cash-to-Debt Historical Data

The historical data trend for Pacific Empire Minerals'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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Pacific Empire Minerals Cash-to-Debt Chart

Pacific Empire Minerals Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

8.30

38.00

82.53

10.08

Pacific Empire Minerals 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															7.86	10.08	8.06	8.63	16.18

Competitive Comparison of Pacific Empire Minerals's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, Pacific Empire Minerals'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.

Pacific Empire Minerals's Cash-to-Debt Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Pacific Empire Minerals's Cash-to-Debt falls into.

Pacific Empire Minerals 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.

Pacific Empire Minerals's Cash to Debt Ratio for the fiscal year that ended in Mar. 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)
	=	0.383	/	(0.022	+	0.016)
	=	10.08

Pacific Empire Minerals'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)
	=	0.356	/	(0.022	+	0)
	=	16.18

Pacific Empire Minerals (TSXV:PEMC) 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.

Pacific Empire Minerals Cash-to-Debt Related Terms

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

Pacific Empire Minerals (TSXV:PEMC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Pacific Empire Minerals Corp (TSXV:PEMC) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

1YK:Germany

Address

525 Seymour Street, Suite 804, Vancouver, BC, CAN, V6B 3H6

Website

https://www.pemcorp.ca

Pacific Empire Minerals Corp is a mineral exploration company. Its principal business is the acquisition and exploration of mineral exploration properties in Canada. The company project portfolio includes Jean Marie property, Abby property, and Trident property among others.

Executives

Christopher Laurence Tucker

Director

Pacific Empire Minerals (TSXV:PEMC) Headlines

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