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Pan American SilverXSWX:PAAS +5.56%53 Cash-to-Debt is 2.03 as of Jun. 2026, which is 10% above its 10-year median of 1.85. GuruFocus rates XSWX:PAAS with a GF Score™ of 53/100 and a GF Value™ of CHF27.79 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 2,617 Metals & Mining companies, Pan American Silver ranks worse than 68.13% on this metric.
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. Pan American Silver's cash to debt ratio for the quarter that ended in Jun. 2026 was 2.03.
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, Pan American Silvercould pay off its debt using the cash in hand for the quarter that ended in Jun. 2026.
The historical rank and industry rank for Pan American Silver's Cash-to-Debt or its related term are showing as below:
XSWX:PAAS'
s Cash-to-Debt Range Over the Past 10 Years
Min: 0.34 Med: 1.85 Max: 31.83
Current: 2.03
During the past 13 years, Pan American Silver's highest Cash to Debt Ratio was 31.83. The lowest was 0.34. And the median was 1.85.
XSWX:PAAS's Cash-to-Debt is ranked worse than 68.13% of 2617
companies
in the Metals & Mining industry
Industry Median: 33.62
vs XSWX:PAAS: 2.03
Pan American Silver (XSWX:PAAS) 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.
Pan American Silver Cash-to-Debt Related Terms
Pan American Silver Cash-to-Debt Historical Data
* Premium members only.
The historical data trend for Pan American Silver'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.
For the Gold subindustry, Pan American Silver'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.
Pan American Silver Cash-to-Debt vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Pan American Silver's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where Pan American Silver's Cash-to-Debt falls into.
* 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.
Pan American Silver (XSWX:PAAS) has a Cash-to-Debt of 2.03 as of Jun. 2026. This is 10% above median its historical median of 1.85. Over the past decade, Pan American Silver's Cash-to-Debt has ranged from 0.34 to 31.83. According to the industry distribution chart, Pan American Silver ranks #1783 out of 2617 companies in the Metals & Mining industry, placing it in the top 68.1%.
Is Pan American Silver's Cash-to-Debt too high?
Pan American Silver's current Cash-to-Debt of 2.03 is 10% above median its 10-year median of 1.85. Over the past 10 years, this metric has ranged from a low of 0.34 to a high of 31.83. The Metals & Mining industry median Cash-to-Debt is 33.62. Pan American Silver's value of 2.03 is 94% below this industry median. Based on the distribution chart, Pan American Silver ranks #1783 out of 2617 companies in the Metals & Mining industry, which is below the industry midpoint. Overall, Pan American Silver has a GF Score™ of 53/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Pan American Silver's Cash-to-Debt compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Pan American Silver ranks #1783 out of 2617 companies for Cash-to-Debt. This places Pan American Silver in the lower half of its industry. The industry median Cash-to-Debt is 33.62. Pan American Silver's value of 2.03 is 94% below this benchmark. Historically, Pan American Silver's own Cash-to-Debt has ranged from 0.34 to 31.83 over the past decade. While the company's 10-year median is 1.85 vs. the industry median of 33.62, Pan American Silver has consistently been below the industry average. 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 33.62, based on 2,617 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. Pan American Silver's current Cash-to-Debt of 2.03 is 94% below the industry median. 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 33.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pan American Silver's current Cash-to-Debt is 2.03, which is 10% above median its own 10-year median of 1.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pan American Silver stock overvalued right now?
Based on GuruFocus' analysis, Pan American Silver (XSWX:PAAS) is currently considered Significantly Overvalued. The stock's GF Value™ is CHF27.79, compared to a current price of CHF40.17 — trading 44.5% above its estimated fair value. The current Cash-to-Debt is 2.03, which is 10% above median its 10-year median of 1.85 and 94% below the Metals & Mining industry median of 33.62. Pan American Silver's overall GF Score™ is 53/100 with 2 warning signs to review. 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 Pan American Silver (XSWX:PAAS), the current Cash-to-Debt is 2.03 as of Jun. 2026. 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.
Is Pan American Silver (XSWX:PAAS) Overvalued in 2026?
Based on GuruFocus' analysis, Pan American Silver stock appears to be overvalued.
The current stock price of CHF40.17 is trading 44.5% above its estimated GF Value™ of CHF27.79.
GuruFocus considers Pan American Silver to be Significantly Overvalued.
Key valuation signals for XSWX:PAAS:
Cash-to-Debt: 2.03 (10% above median its 10-year median of 1.85)
GF Value™: CHF27.79 vs. price of CHF40.17 (44.5% above fair value)
Industry Position: 94% below the Metals & Mining median (#1783 of 2617)
No single metric tells the full story. See the XSWX:PAAS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Pan American Silver Corp is a mining company principally engaged in the operation and development of, and exploration for, silver and gold-producing properties and assets. The company's principal products are silver and gold, although it also produces and sells zinc, lead, and copper. Its operating mines comprise La Colorada, Dolores, Huaron, Morococha, Shahuindo, La Arena, Timmins West, Bell Creek, Manantial Espejo, and San Vicente mines.
53GF Score
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