Ameriwest Lithium (XCNQ:AWLI) Cash-to-Debt : 2.51 (As of Jan. 2024)

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What is Ameriwest Lithium 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. Ameriwest Lithium's cash to debt ratio for the quarter that ended in Jan. 2024 was 2.51.

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, Ameriwest Lithium could pay off its debt using the cash in hand for the quarter that ended in Jan. 2024.

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

XCNQ:AWLI' s Cash-to-Debt Range Over the Past 10 Years
Min: 1 Med: No Debt Max: No Debt
Current: 2.51

During the past 5 years, Ameriwest Lithium's highest Cash to Debt Ratio was No Debt. The lowest was 1.00. And the median was No Debt.

XCNQ:AWLI's Cash-to-Debt is ranked worse than
61.82% of 2643 companies
in the Metals & Mining industry
Industry Median: 18.42 vs XCNQ:AWLI: 2.51

Ameriwest Lithium Cash-to-Debt Historical Data

The historical data trend for Ameriwest Lithium'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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Ameriwest Lithium Cash-to-Debt Chart

Ameriwest Lithium Annual Data

Trend

Apr19

Apr20

Apr21

Apr22

Apr23

Cash-to-Debt

No Debt

3.00

No Debt

3.99

2.60

Ameriwest Lithium 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															1.00	2.60	No Debt	No Debt	2.51

Competitive Comparison of Ameriwest Lithium's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, Ameriwest Lithium'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.

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

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

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

Ameriwest Lithium 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.

Ameriwest Lithium's Cash to Debt Ratio for the fiscal year that ended in Apr. 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)
	=	0.678	/	(0.006	+	0.255)
	=	2.60

Ameriwest Lithium'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)
	=	0.276	/	(0.026	+	0.084)
	=	2.51

Ameriwest Lithium (XCNQ:AWLI) 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.

Ameriwest Lithium Cash-to-Debt Related Terms

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Ameriwest Lithium (XCNQ:AWLI) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

AWLIF:USA 5HV0:Germany

Address

1110 Hamilton Street, Suite 306, Vancouver, BC, CAN, V6B 2S2

Website

https://www.ameriwestlithium.com

Ameriwest Lithium Inc is a junior mining company with a focus on identifying and evaluating mineral resource projects for further exploration and future development. The company portfolio includes Koster Dam Property, Canada; Thunderbird Property, Canada; Quet & Fire Property, Canada; ESN Property, USA; Deer Musk East Property, USA; Railroad Valley Property, USA; Edwards Creek Valley Property, USA and Thompson Valley Property, USA. The company operates in one reportable operating segment, the acquisition, exploration, and development of mineral properties. It operates in Canada and the United States.

Executives

Zygmunt Stanislaw Hancyk

Director

Ameriwest Lithium (XCNQ:AWLI) Headlines

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