Panther Metals (LSE:PALM) Cash-to-Debt : 0.16 (As of Dec. 2023)

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What is Panther 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. Panther Metals's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.16.

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, Panther Metals 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 Panther Metals's Cash-to-Debt or its related term are showing as below:

LSE:PALM' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.16 Med: No Debt Max: No Debt
Current: 0.16

During the past 8 years, Panther Metals's highest Cash to Debt Ratio was No Debt. The lowest was 0.16. And the median was No Debt.

LSE:PALM's Cash-to-Debt is ranked worse than
86.43% of 2652 companies
in the Metals & Mining industry
Industry Median: 17.605 vs LSE:PALM: 0.16

Panther Metals Cash-to-Debt Historical Data

The historical data trend for Panther 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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Panther Metals Cash-to-Debt Chart

Panther Metals Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

0.16

Panther Metals Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial									No Debt	No Debt	No Debt	No Debt	0.16

Competitive Comparison of Panther Metals's Cash-to-Debt

For the Gold subindustry, Panther 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.

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

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

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

Panther 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.

Panther Metals'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)
	=	0.066	/	(0.407	+	0)
	=	0.16

Panther Metals'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)
	=	0.066	/	(0.407	+	0)
	=	0.16

Panther Metals (LSE:PALM) 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.

Panther Metals Cash-to-Debt Related Terms

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

Panther Metals (LSE:PALM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Panther Metals PLC (LSE:PALM) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Eastways Enterprise Centre, 7 Paynes Park, Hitchin, Hertfordshire, GBR, SG5 1EH

Website

https://www.panthermetals.co.uk

Panther Metals PLC is a mineral exploration company engaged in investing and acquiring companies and projects within the natural resources sector for the base, precious, and energy metals. The company's projects include Obonga Project, Dotted Lake Project, Manitou Lakes Project, and Big Bear Project.

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