Aston Bay Holdings (Aston Bay Holdings) Cash-to-Debt : 1.35 (As of Dec. 2023)

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What is Aston Bay Holdings 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. Aston Bay Holdings's cash to debt ratio for the quarter that ended in Dec. 2023 was 1.35.

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, Aston Bay Holdings 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 Aston Bay Holdings's Cash-to-Debt or its related term are showing as below:

ATBHF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.03 Med: No Debt Max: No Debt
Current: 1.35

During the past 12 years, Aston Bay Holdings's highest Cash to Debt Ratio was No Debt. The lowest was 0.03. And the median was No Debt.

ATBHF's Cash-to-Debt is ranked worse than
66.5% of 2636 companies
in the Metals & Mining industry
Industry Median: 17.92 vs ATBHF: 1.35

Aston Bay Holdings Cash-to-Debt Historical Data

The historical data trend for Aston Bay Holdings'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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Aston Bay Holdings Cash-to-Debt Chart

Aston Bay Holdings Annual Data

Trend

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Cash-to-Debt

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No Debt

0.06

0.11

Aston Bay Holdings Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															0.21	0.05	0.16	0.81	1.35

Competitive Comparison of Aston Bay Holdings's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, Aston Bay Holdings'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.

Aston Bay Holdings's Cash-to-Debt Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Aston Bay Holdings's Cash-to-Debt falls into.

Aston Bay Holdings 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.

Aston Bay Holdings's Cash to Debt Ratio for the fiscal year that ended in Mar. 2022 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)
	=	0.044	/	(0.408	+	0)
	=	0.11

Aston Bay Holdings'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)
	=	0.624	/	(0.464	+	0)
	=	1.34

Aston Bay Holdings (OTCPK:ATBHF) 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.

Aston Bay Holdings Cash-to-Debt Related Terms

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Aston Bay Holdings (Aston Bay Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Aston Bay Holdings Ltd (OTCPK:ATBHF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

6AY:Germany BAY:Canada

Address

80 Richmond Street West, Suite 204, Toronto, ON, CAN, M5H 2A4

Website

https://astonbayholdings.com

Aston Bay Holdings Ltd provides mineral exploration services located in Toronto, Ontario. The company is currently exploring the high-grade Buckingham Gold Vein in central Virginia and is in the advanced stages of negotiation on other lands with high-grade copper potential in the area.