Abcourt Mines (Abcourt Mines) Cash-to-Debt : 0.80 (As of Dec. 2023)

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What is Abcourt Mines 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. Abcourt Mines's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.80.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Abcourt Mines couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

ABMBF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.29 Med: No Debt Max: No Debt
Current: 0.8

During the past 13 years, Abcourt Mines's highest Cash to Debt Ratio was No Debt. The lowest was 0.29. And the median was No Debt.

ABMBF's Cash-to-Debt is ranked worse than
71.13% of 2636 companies
in the Metals & Mining industry
Industry Median: 17.81 vs ABMBF: 0.80

Abcourt Mines Cash-to-Debt Historical Data

The historical data trend for Abcourt Mines'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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Abcourt Mines Cash-to-Debt Chart

Abcourt Mines Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

1.28

0.29

0.52

Abcourt Mines 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															0.49	1.66	0.52	0.62	0.80

Competitive Comparison of Abcourt Mines's Cash-to-Debt

For the Gold subindustry, Abcourt Mines'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.

Abcourt Mines's Cash-to-Debt Distribution in the Metals & Mining Industry

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

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

Abcourt Mines 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.

Abcourt Mines's Cash to Debt Ratio for the fiscal year that ended in Jun. 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)
	=	0.726	/	(1.145	+	0.251)
	=	0.52

Abcourt Mines'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)
	=	0.932	/	(1.019	+	0.149)
	=	0.80

Abcourt Mines (OTCPK:ABMBF) 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.

Abcourt Mines Cash-to-Debt Related Terms

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Abcourt Mines (Abcourt Mines) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Abcourt Mines Inc (OTCPK:ABMBF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

AML:Germany ABI:Canada

Address

475 de l’Eglise Avenue, Rouyn-Noranda, QC, CAN, J0Z 1Y1

Website

http://www.abcourt.com

Abcourt Mines Inc is a gold producer and Canadian exploration company. It is engaged in the acquisition, exploration, evaluation, and exploitation of mining properties. The company's operating segment include Mining site in production; Prospection and development and Corporate. It generates maximum revenue from the Mining site in production segment.

Abcourt Mines (Abcourt Mines) Headlines

From GuruFocus

Abcourt Announces its Results for the Fourth Quarter and the Year ended June 30, 2023

By GlobeNewswire • 11-24-2023

Abcourt files the Mineral Resource Update Technical Report for the Sleeping Giant Mine

By GlobeNewswire GlobeNewswire • 01-25-2023