Premier African Minerals (LSE:PREM) Cash-to-Debt : 1.18 (As of Jun. 2023)

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What is Premier African Minerals 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. Premier African Minerals's cash to debt ratio for the quarter that ended in Jun. 2023 was 1.18.

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, Premier African Minerals could pay off its debt using the cash in hand for the quarter that ended in Jun. 2023.

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

LSE:PREM' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: 0.44 Max: No Debt
Current: 1.18

During the past 12 years, Premier African Minerals's highest Cash to Debt Ratio was No Debt. The lowest was 0.02. And the median was 0.44.

LSE:PREM's Cash-to-Debt is ranked worse than
67.08% of 2646 companies
in the Metals & Mining industry
Industry Median: 18.395 vs LSE:PREM: 1.18

Premier African Minerals Cash-to-Debt Historical Data

The historical data trend for Premier African Minerals'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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Premier African Minerals Cash-to-Debt Chart

Premier African Minerals Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

Get a 7-Day Free Trial

0.03

0.05

No Debt

5.24

53.41

Premier African Minerals Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	5.24	56.71	53.41	1.18

Competitive Comparison of Premier African Minerals's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, Premier African Minerals'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.

Premier African Minerals's Cash-to-Debt Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Premier African Minerals's Cash-to-Debt falls into.

Premier African Minerals 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.

Premier African Minerals's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 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)
	=	7.904	/	(0.148	+	0)
	=	53.41

Premier African Minerals's Cash to Debt Ratio for the quarter that ended in Jun. 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)
	=	0.183	/	(0.155	+	0)
	=	1.18

Premier African Minerals (LSE:PREM) 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.

Premier African Minerals Cash-to-Debt Related Terms

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

Premier African Minerals (LSE:PREM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Premier African Minerals Ltd (LSE:PREM) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

0PA:Germany

Address

Craigmuir Chambers, P.O. Box 71, Tortola, Road Town, VGB, VG 1110

Website

https://www.premierafricanminerals.com

Premier African Minerals Ltd is a mining company that explores, evaluates, and develops mineral properties focused mainly on tungsten, lithium and tantalum, nickel, and rare earth elements in Africa. The company operates in three segments: RHA and RHA Mauritius, which is engaged in the development and mining of Wolframite; Zulu and Zulu Mauritius, which is engaged in the development of Lithium and Tantalite; and Head office.

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