Western Alaska Minerals (TSXV:WAM) Cash-to-Debt : 0.42 (As of Dec. 2023)

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What is Western Alaska Minerals 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. Western Alaska Minerals's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.42.

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, Western Alaska Minerals 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 Western Alaska Minerals's Cash-to-Debt or its related term are showing as below:

TSXV:WAM' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.42 Med: 1.01 Max: 2.16
Current: 0.42

During the past 4 years, Western Alaska Minerals's highest Cash to Debt Ratio was 2.16. The lowest was 0.42. And the median was 1.01.

TSXV:WAM's Cash-to-Debt is ranked worse than
76.95% of 2646 companies
in the Metals & Mining industry
Industry Median: 18.395 vs TSXV:WAM: 0.42

Western Alaska Minerals Cash-to-Debt Historical Data

The historical data trend for Western Alaska Minerals'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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Western Alaska Minerals Cash-to-Debt Chart

Western Alaska Minerals Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

2.16

0.60

1.42

0.42

Western Alaska Minerals Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial										1.42	0.65	1.06	0.72	0.42

Competitive Comparison of Western Alaska Minerals's Cash-to-Debt

For the Other Precious Metals & Mining subindustry, Western Alaska Minerals'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.

Western Alaska Minerals's Cash-to-Debt Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Western Alaska Minerals's Cash-to-Debt falls into.

Western Alaska Minerals 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.

Western Alaska Minerals'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)
	=	1.599	/	(0.302	+	3.48)
	=	0.42

Western Alaska Minerals'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)
	=	1.599	/	(0.302	+	3.48)
	=	0.42

Western Alaska Minerals (TSXV:WAM) 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.

Western Alaska Minerals Cash-to-Debt Related Terms

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

Western Alaska Minerals (TSXV:WAM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Western Alaska Minerals Corp (TSXV:WAM) » Definitions » Cash-to-Debt

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Traded in Other Exchanges

WAMFF:USA

Address

3573 East Sunrise Drive, Suite 233, Tucson, AZ, USA, 85718

Website

https://www.westernalaskaminerals.com

Western Alaska Minerals Corp is engaged in the mineral exploration and development business. The company is focused on exploring the Illinois Creek Mining District in Western Alaska. The group's projects include IC Oxide Gold, Round Top Project, Honker Project, Waterpump Creek and TG North. Its portfolio consists of mineral deposits namely gold, silver, copper, lead, and zinc. It also includes a silver-rich Carbonate Replacement Deposit (CRD) and a NI 43-101 oxide gold resource at the Illinois Creek deposit.

Executives

Christopher Marrs

10% Security Holder, Director, Senior Officer

Western Alaska Minerals (TSXV:WAM) Headlines

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