Ashley Gold (XCNQ:ASHL) Cash-to-Debt : No Debt ⁽¹⁾ (As of Mar. 2024)

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What is Ashley Gold 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. Ashley Gold's cash to debt ratio for the quarter that ended in Mar. 2024 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, Ashley Gold could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

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

During the past 4 years, Ashley Gold's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

XCNQ:ASHL's Cash-to-Debt is ranked better than
99.96% of 2652 companies
in the Metals & Mining industry
Industry Median: 17.74 vs XCNQ:ASHL: No Debt

Ashley Gold Cash-to-Debt Historical Data

The historical data trend for Ashley Gold'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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Ashley Gold Cash-to-Debt Chart

Ashley Gold Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

No Debt

Ashley Gold Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial									No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Ashley Gold's Cash-to-Debt

For the Gold subindustry, Ashley Gold'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.

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

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

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

Ashley Gold 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.

Ashley Gold's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Ashley Gold had no debt ⁽¹⁾.

Ashley Gold's Cash to Debt Ratio for the quarter that ended in Mar. 2024 is calculated as:

Ashley Gold had no debt ⁽¹⁾.

Ashley Gold (XCNQ:ASHL) 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.

Ashley Gold Cash-to-Debt Related Terms

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

Ashley Gold (XCNQ:ASHL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Ashley Gold Corp (XCNQ:ASHL) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

707 - 7 Avenue SW, Suite 1150, Calgary, AB, CAN, T2P 3H6

Website

https://www.ashleygoldcorp.com

Ashley Gold Corp is engaged in the acquisition and exploration of mineral properties in the natural resource sector with the long-term goal of divesting its investment assets at a profit. The company projects include Tabor Lake Mine, Howie Lake and Alto-Gardnar.

Executives

George Elliott Stephenson

Director, Senior Officer

Ashley Gold (XCNQ:ASHL) Headlines

No Headlines

Ashley Gold (XCNQ:ASHL) Cash-to-Debt : No Debt (1) (As of Mar. 2024)