Bullet Exploration (TSXV:AMMO) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is Bullet Exploration 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. Bullet Exploration'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, Bullet Exploration 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 Bullet Exploration's Cash-to-Debt or its related term are showing as below:

TSXV:AMMO' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.2 Med: 5.48 Max: No Debt
Current: 4.64

During the past 5 years, Bullet Exploration's highest Cash to Debt Ratio was No Debt. The lowest was 0.20. And the median was 5.48.

TSXV:AMMO's Cash-to-Debt is ranked worse than
58.68% of 2643 companies
in the Metals & Mining industry
Industry Median: 18.42 vs TSXV:AMMO: 4.64

Bullet Exploration Cash-to-Debt Historical Data

The historical data trend for Bullet Exploration'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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Bullet Exploration Cash-to-Debt Chart

Bullet Exploration Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

0.31

No Debt

5.48

0.20

No Debt

Bullet Exploration Quarterly Data
	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial									0.20	0.03	0.36	0.09	No Debt

Competitive Comparison of Bullet Exploration's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, Bullet Exploration'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.

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

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

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

Bullet Exploration 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.

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

Bullet Exploration had no debt ⁽¹⁾.

Bullet Exploration's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Bullet Exploration had no debt ⁽¹⁾.

Bullet Exploration (TSXV:AMMO) 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.

Bullet Exploration Cash-to-Debt Related Terms

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

Bullet Exploration (TSXV:AMMO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Bullet Exploration Inc (TSXV:AMMO) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

1055 West Georgia St., Suite 2100, Vancouver, BC, CAN, V6E 3P3

Website

https://www.bulletexploration.com

Bullet Exploration Inc is engaged in mineral exploration activities. It has acquired Anita Property, which locates in British Columbia. The Property comprises seven mineral tenures totaling approximately 2,900 hectares and covers three historical mineral showings, the Al, the Cindy, and the Anita. Its other properties include Copper Canyon, which also locates in British Columbia.

Bullet Exploration (TSXV:AMMO) Headlines

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Bullet Exploration (TSXV:AMMO) Cash-to-Debt : No Debt (1) (As of Dec. 2023)