AJN Resources (XCNQ:AJN) Cash-to-Debt : 0.94 (As of Jan. 2024)

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What is AJN Resources 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. AJN Resources's cash to debt ratio for the quarter that ended in Jan. 2024 was 0.94.

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, AJN Resources couldn't pay off its debt using the cash in hand for the quarter that ended in Jan. 2024.

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

XCNQ:AJN' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.23 Med: 1.81 Max: No Debt
Current: 0.94

During the past 7 years, AJN Resources's highest Cash to Debt Ratio was No Debt. The lowest was 0.23. And the median was 1.81.

XCNQ:AJN's Cash-to-Debt is ranked worse than
68.85% of 2642 companies
in the Metals & Mining industry
Industry Median: 18.42 vs XCNQ:AJN: 0.94

AJN Resources Cash-to-Debt Historical Data

The historical data trend for AJN Resources'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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AJN Resources Cash-to-Debt Chart

AJN Resources Annual Data

Trend

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Cash-to-Debt

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No Debt

2.45

1.47

1.06

0.93

AJN Resources Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Cash-to-Debt	Get a 7-Day Free Trial															0.40	0.23	0.93	1.54	0.94

Competitive Comparison of AJN Resources's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, AJN Resources'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.

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

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

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

AJN Resources 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.

AJN Resources's Cash to Debt Ratio for the fiscal year that ended in Jul. 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)
	=	1.172	/	(1.256	+	0)
	=	0.93

AJN Resources's Cash to Debt Ratio for the quarter that ended in Jan. 2024 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)
	=	1.178	/	(1.256	+	0)
	=	0.94

AJN Resources (XCNQ:AJN) 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.

AJN Resources Cash-to-Debt Related Terms

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

AJN Resources (XCNQ:AJN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » AJN Resources Inc (XCNQ:AJN) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

5AT:Germany

Address

1199 West Hastings Street, Suite 1400, Vancouver, BC, CAN, V6E 3T5

Website

https://www.ajnresources.com

AJN Resources Inc is an exploration and development company in Canada. The company is in the business of the exploration and evaluation of mineral properties in Nevada, USA. The company operated in a single reporting segment of acquisition, exploration, and development of mineral properties. It holds an interest in Salt Wells Lithium Project, and potential exploration permits located in the Manono Territory, Tanganyika Province of the Democratic Republic of the Congo.

Executives

Klaus Peter Eckhof	Director, Senior Officer
Mark Richard Gasson	10% Security Holder, Director, Senior Officer

AJN Resources (XCNQ:AJN) Headlines

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