Avalon Advanced Materials (Avalon Advanced Materials) Cash-to-Debt : 0.25 (As of Nov. 2023)

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What is Avalon Advanced Materials 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. Avalon Advanced Materials's cash to debt ratio for the quarter that ended in Nov. 2023 was 0.25.

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, Avalon Advanced Materials couldn't pay off its debt using the cash in hand for the quarter that ended in Nov. 2023.

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

AVLNF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.25 Med: No Debt Max: No Debt
Current: 0.25

During the past 13 years, Avalon Advanced Materials's highest Cash to Debt Ratio was No Debt. The lowest was 0.25. And the median was No Debt.

AVLNF's Cash-to-Debt is ranked worse than
83.23% of 2636 companies
in the Metals & Mining industry
Industry Median: 17.875 vs AVLNF: 0.25

Avalon Advanced Materials Cash-to-Debt Historical Data

The historical data trend for Avalon Advanced Materials'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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Avalon Advanced Materials Cash-to-Debt Chart

Avalon Advanced Materials Annual Data

Trend

Aug12

Aug13

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

10.74

1.49

0.50

Avalon Advanced Materials Quarterly Data
	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Nov22	Feb23	May23	Nov23
Cash-to-Debt	Get a 7-Day Free Trial															0.79	0.54	0.66	0.35	0.25

Competitive Comparison of Avalon Advanced Materials's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, Avalon Advanced Materials'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.

Avalon Advanced Materials's Cash-to-Debt Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Avalon Advanced Materials's Cash-to-Debt falls into.

Avalon Advanced Materials 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.

Avalon Advanced Materials's Cash to Debt Ratio for the fiscal year that ended in Aug. 2021 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)
	=	1.447	/	(0.152	+	2.767)
	=	0.50

Avalon Advanced Materials's Cash to Debt Ratio for the quarter that ended in Nov. 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)
	=	0.562	/	(0.004	+	2.237)
	=	0.25

Avalon Advanced Materials (OTCPK:AVLNF) 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.

Avalon Advanced Materials Cash-to-Debt Related Terms

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Avalon Advanced Materials (Avalon Advanced Materials) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Avalon Advanced Materials Inc (OTCPK:AVLNF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

OU5A:Germany AVL:Canada

Address

130 Adelaide Street West, Suite 1901, Toronto, ON, CAN, M5H 3P5

Website

https://www.avalonadvancedmaterials.com

Avalon Advanced Materials Inc is a mineral exploration and development company. The projects of the company includes East Kemptville, Lilypad, Nechalacho, Separation Rapids, and Warren Township.