Aya Gold & Silver (TSX:AYA) Cash-to-Debt : 0.85 (As of Dec. 2023)

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What is Aya Gold & Silver 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. Aya Gold & Silver's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.85.

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, Aya Gold & Silver 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 Aya Gold & Silver's Cash-to-Debt or its related term are showing as below:

TSX:AYA' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.05 Med: 48.74 Max: 263.18
Current: 0.85

During the past 13 years, Aya Gold & Silver's highest Cash to Debt Ratio was 263.18. The lowest was 0.05. And the median was 48.74.

TSX:AYA's Cash-to-Debt is ranked worse than
70.14% of 2636 companies
in the Metals & Mining industry
Industry Median: 17.875 vs TSX:AYA: 0.85

Aya Gold & Silver Cash-to-Debt Historical Data

The historical data trend for Aya Gold & 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.

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Aya Gold & Silver Cash-to-Debt Chart

Aya Gold & Silver Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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212.51

96.57

191.45

137.11

0.85

Aya Gold & Silver 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															137.11	124.58	79.06	1.48	0.85

Competitive Comparison of Aya Gold & Silver's Cash-to-Debt

For the Silver subindustry, Aya Gold & 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.

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

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

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

Aya Gold & Silver 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.

Aya Gold & Silver's Cash to Debt Ratio for the fiscal year 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)
	=	66.852	/	(0.313	+	78.563)
	=	0.85

Aya Gold & Silver'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)
	=	66.852	/	(0.313	+	78.563)
	=	0.85

Aya Gold & Silver (TSX:AYA) 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.

Aya Gold & Silver Cash-to-Debt Related Terms

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

Aya Gold & Silver (TSX:AYA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Aya Gold & Silver Inc (TSX:AYA) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

AYASF:USA 0HE:Germany

Address

1320 Boulevard Graham, Suite 132, Mont-Royal, QC, CAN, H3P 3C8

Website

https://www.ayagoldsilver.com

Aya Gold & Silver Inc is engaged in acquisition, exploration, evaluation, and development of mining properties. The company and its subsidiaries are at the development stage for its Zgounder project and exploration and evaluation stage for projects in Morocco. Its other project includes Boumadine; Amizmiz; Azegour and others.

Aya Gold & Silver (TSX:AYA) Headlines

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