Angel Wing Metals (TSXV:AWM) Cash-to-Debt : No Debt ⁽¹⁾ (As of Sep. 2023)

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What is Angel Wing Metals 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. Angel Wing Metals's cash to debt ratio for the quarter that ended in Sep. 2023 was No Debt ⁽¹⁾.

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, Angel Wing Metals could pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

(1) 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.

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

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

During the past 13 years, Angel Wing Metals's highest Cash to Debt Ratio was No Debt. The lowest was 0.03. And the median was No Debt.

TSXV:AWM's Cash-to-Debt is ranked better than
99.92% of 2637 companies
in the Metals & Mining industry
Industry Median: 18.37 vs TSXV:AWM: No Debt

Angel Wing Metals Cash-to-Debt Historical Data

The historical data trend for Angel Wing Metals'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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Angel Wing Metals Cash-to-Debt Chart

Angel Wing Metals Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

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No Debt

Angel Wing Metals Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Angel Wing Metals's Cash-to-Debt

For the Other Precious Metals & Mining subindustry, Angel Wing Metals'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.

Angel Wing Metals's Cash-to-Debt Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Angel Wing Metals's Cash-to-Debt falls into.

Angel Wing Metals 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.

Angel Wing Metals's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 is calculated as:

Angel Wing Metals had no debt ⁽¹⁾.

Angel Wing Metals's Cash to Debt Ratio for the quarter that ended in Sep. 2023 is calculated as:

Angel Wing Metals had no debt ⁽¹⁾.

Angel Wing Metals (TSXV:AWM) 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.

Angel Wing Metals Cash-to-Debt Related Terms

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

Angel Wing Metals (TSXV:AWM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Angel Wing Metals Inc (TSXV:AWM) » Definitions » Cash-to-Debt

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HEXPF:USA

Address

82 Richmond Street East, Suite 1000, Toronto, ON, CAN, M5C 1P1

Website

https://www.angelwingmetals.com

Angel Wing Metals Inc is focused on the exploration and development of its portfolio of precious metals properties in Mexico and Canada. The company's flagship El Grande gold project covers approximately 550 square kilometers in the southern extension of the prolific Sierra Madre Occidental gold-silver belt in the state of Nayarit, Mexico, and demonstrates significant gold and silver mineralization. It also owns two early-stage gold exploration projects in Northwestern Ontario. The Winora Project is located near Lingman lake, 325 km north of Red Lake, and Quartz Lake Project which is located 50km east of the prolific Red Lake district. The Company operates in one industry segment, namely the exploration of mineral resources in two geographic regions, Canada and Mexico.

Executives

Mark Davis Santarossa

Director

Angel Wing Metals (TSXV:AWM) Headlines

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Angel Wing Metals (TSXV:AWM) Cash-to-Debt : No Debt (1) (As of Sep. 2023)