ProAm Explorations (TSXV:PMX) Cash-to-Debt : 2.10 (As of Dec. 2023)

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What is ProAm Explorations 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. ProAm Explorations's cash to debt ratio for the quarter that ended in Dec. 2023 was 2.10.

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, ProAm Explorations 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 ProAm Explorations's Cash-to-Debt or its related term are showing as below:

TSXV:PMX' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.43 Med: No Debt Max: No Debt
Current: 2.1

During the past 13 years, ProAm Explorations's highest Cash to Debt Ratio was No Debt. The lowest was 1.43. And the median was No Debt.

TSXV:PMX's Cash-to-Debt is ranked better than
68.65% of 1027 companies
in the Oil & Gas industry
Industry Median: 0.49 vs TSXV:PMX: 2.10

ProAm Explorations Cash-to-Debt Historical Data

The historical data trend for ProAm Explorations'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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ProAm Explorations Cash-to-Debt Chart

ProAm Explorations Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

2.00

6.91

1.43

2.10

ProAm Explorations 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															1.43	1.39	0.43	0.57	2.10

Competitive Comparison of ProAm Explorations's Cash-to-Debt

For the Oil & Gas E&P subindustry, ProAm Explorations'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.

ProAm Explorations's Cash-to-Debt Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, ProAm Explorations's Cash-to-Debt distribution charts can be found below:

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

ProAm Explorations 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.

ProAm Explorations'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)
	=	0.103	/	(0.049	+	0)
	=	2.10

ProAm Explorations'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)
	=	0.103	/	(0.049	+	0)
	=	2.10

ProAm Explorations (TSXV:PMX) 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.

ProAm Explorations Cash-to-Debt Related Terms

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

ProAm Explorations (TSXV:PMX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » ProAm Explorations Corp (TSXV:PMX) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

867 West 3rd Street, North Vancouver, Vancouver, BC, CAN, V7P 1E2

Website

ProAm Explorations Corp is a junior mineral and oil and natural gas exploration and development company. It operates in Canada and the United States. Mineral exploration is focused in the USA Canada while little oil and natural gas activity has been pursued. The company is a junior exploration company putting its emphasis on mineral properties as economic conditions in natural gas markets have been unsettled. It has a single operating segment the acquisition, exploration and development of resource properties.

Executives

Glencoe-macdonald Holdings Ltd.	10% Security Holder
Donald Leo Macdonald	Senior Officer
Macdonald Maureen	Director or Senior Officer of 10% Security Holder