Abrasilver Resource (Abrasilver Resource) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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

ABBRD' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.03 Med: 1083.98 Max: No Debt
Current: 1599

During the past 13 years, Abrasilver Resource's highest Cash to Debt Ratio was No Debt. The lowest was 0.03. And the median was 1083.98.

ABBRD's Cash-to-Debt is ranked better than
65.51% of 2641 companies
in the Metals & Mining industry
Industry Median: 18.37 vs ABBRD: 1599.00

Abrasilver Resource Cash-to-Debt Historical Data

The historical data trend for Abrasilver Resource'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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Abrasilver Resource Cash-to-Debt Chart

Abrasilver Resource Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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52.92

317.62

928.50

1,164.70

No Debt

Abrasilver Resource Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															1,164.70	1,299.50	4,102.50	No Debt	No Debt

Competitive Comparison of Abrasilver Resource's Cash-to-Debt

For the Other Precious Metals & Mining subindustry, Abrasilver Resource'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.

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

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

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

Abrasilver Resource 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.

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

Abrasilver Resource had no debt ⁽¹⁾.

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

Abrasilver Resource had no debt ⁽¹⁾.

Abrasilver Resource (OTCPK:ABBRD) 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.

Abrasilver Resource Cash-to-Debt Related Terms

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Abrasilver Resource (Abrasilver Resource) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Abrasilver Resource Corp (OTCPK:ABBRD) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

1AH0:Germany ABRA:Canada

Address

220 Bay Street, Suite 550, Toronto, ON, CAN, M5J 2W4

Website

https://www.abrasilver.com

Abrasilver Resource Corp is a mineral exploration company that offers investors exposure to silver, gold, and copper through projects at various stages of exploration, from drill-ready to PEA stage. It provides major leverage to silver and gold through its interest in the Diablillos project in the mining Salta province in Argentina.