American Eagle Gold (American Eagle Gold) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is American Eagle Gold 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. American Eagle Gold's cash to debt ratio for the quarter that ended in Dec. 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, American Eagle Gold could pay off its debt using the cash in hand for the quarter that ended in Dec. 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 American Eagle Gold's Cash-to-Debt or its related term are showing as below:

AMEGF' s Cash-to-Debt Range Over the Past 10 Years
Min: 49.17 Med: No Debt Max: No Debt
Current: No Debt

During the past 4 years, American Eagle Gold's highest Cash to Debt Ratio was No Debt. The lowest was 49.17. And the median was No Debt.

AMEGF's Cash-to-Debt is ranked better than
99.92% of 2641 companies
in the Metals & Mining industry
Industry Median: 18.3 vs AMEGF: No Debt

American Eagle Gold Cash-to-Debt Historical Data

The historical data trend for American Eagle Gold'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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American Eagle Gold Cash-to-Debt Chart

American Eagle Gold Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

No Debt

49.26

No Debt

American Eagle Gold Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial										18.57	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of American Eagle Gold's Cash-to-Debt

For the Gold subindustry, American Eagle Gold'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.

American Eagle Gold's Cash-to-Debt Distribution in the Metals & Mining Industry

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

* The bar in red indicates where American Eagle Gold's Cash-to-Debt falls into.

American Eagle Gold 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.

American Eagle Gold's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

American Eagle Gold had no debt ⁽¹⁾.

American Eagle Gold's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

American Eagle Gold had no debt ⁽¹⁾.

American Eagle Gold (OTCPK:AMEGF) 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.

American Eagle Gold Cash-to-Debt Related Terms

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

American Eagle Gold (American Eagle Gold) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » American Eagle Gold Corp (OTCPK:AMEGF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

AE:Canada

Address

55 University Avenue, Suite 1805, Toronto, ON, CAN, M5J 2H7

Website

https://www.americaneaglegold.ca

American Eagle Gold Corp is focused on advancing its NAK property located in the Babine Copper-Gold Porphyry district in central British Columbia. NAK's known copper-gold porphyry mineralization is open at depth and is defined by a compelling geophysical signature analogous to Newcrest's Red Chris Mine and Newmont's Tatogga project located in Northwest BC. The company is drilling to test the property's geophysical features in search of a robust underground block cave copper-gold porphyry deposit.

American Eagle Gold (American Eagle Gold) Headlines

From GuruFocus

American Eagle Gold Corp. Opens the Market

By PRNewswire • 01-09-2024

American Eagle Gold (American Eagle Gold) Cash-to-Debt : No Debt (1) (As of Dec. 2023)