Pershimex Resources (TSXV:PRO) Cash-to-Debt : No Debt ⁽¹⁾ (As of Nov. 2022)

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What is Pershimex 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. Pershimex Resources's cash to debt ratio for the quarter that ended in Nov. 2022 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, Pershimex Resources could pay off its debt using the cash in hand for the quarter that ended in Nov. 2022.

(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 Pershimex Resources's Cash-to-Debt or its related term are showing as below:

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

During the past 12 years, Pershimex Resources's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

TSXV:PRO's Cash-to-Debt is not ranked
in the Metals & Mining industry.
Industry Median: 17.875 vs TSXV:PRO: No Debt

Pershimex Resources Cash-to-Debt Historical Data

The historical data trend for Pershimex 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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Pershimex Resources Cash-to-Debt Chart

Pershimex Resources Annual Data

Trend

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Cash-to-Debt

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No Debt

Pershimex Resources Quarterly Data
	Feb18	May18	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	No Debt	No Debt	No Debt	No Debt

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

For the Other Industrial Metals & Mining subindustry, Pershimex 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.

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

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

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

Pershimex 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.

Pershimex Resources's Cash to Debt Ratio for the fiscal year that ended in Feb. 2022 is calculated as:

Pershimex Resources had no debt ⁽¹⁾.

Pershimex Resources's Cash to Debt Ratio for the quarter that ended in Nov. 2022 is calculated as:

Pershimex Resources had no debt ⁽¹⁾.

Pershimex Resources (TSXV:PRO) 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.

Pershimex Resources Cash-to-Debt Related Terms

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Pershimex Resources (TSXV:PRO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Pershimex Resources Corp (TSXV:PRO) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

147 avenue Perrault, Val d'Or, QC, CAN, J9P 2G9

Website

https://www.pershimexressources.ca

Pershimex Resources Corp is a Canadian exploration company. It is engaged in the acquisition, assessment, exploration, and development of mineral properties. The projects of the company Malartic project, Belleterre property, Forsan property, Courville property and others. The company operates through a single segment which is the exploration and evaluation of mineral resources.