Pacific Bay Minerals (TSXV:PBM) Cash-to-Debt : 0.09 (As of Dec. 2023)

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What is Pacific Bay 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. Pacific Bay Minerals's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.09.

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, Pacific Bay Minerals couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

TSXV:PBM' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0.09 Max: 2.35
Current: 0.09

During the past 13 years, Pacific Bay Minerals's highest Cash to Debt Ratio was 2.35. The lowest was 0.00. And the median was 0.09.

TSXV:PBM's Cash-to-Debt is ranked worse than
90.24% of 2643 companies
in the Metals & Mining industry
Industry Median: 18.42 vs TSXV:PBM: 0.09

Pacific Bay Minerals Cash-to-Debt Historical Data

The historical data trend for Pacific Bay 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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Pacific Bay Minerals Cash-to-Debt Chart

Pacific Bay Minerals Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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2.35

0.87

0.27

0.09

Pacific Bay Minerals 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															0.27	0.09	0.61	0.26	0.09

Competitive Comparison of Pacific Bay Minerals's Cash-to-Debt

For the Other Precious Metals & Mining subindustry, Pacific Bay 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.

Pacific Bay Minerals's Cash-to-Debt Distribution in the Metals & Mining Industry

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

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

Pacific Bay 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.

Pacific Bay Minerals's Cash to Debt Ratio for the fiscal year that ended in Dec. 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)
	=	0.006	/	(0.07	+	0)
	=	0.09

Pacific Bay Minerals's Cash to Debt Ratio for the quarter that ended in Dec. 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)
	=	0.006	/	(0.07	+	0)
	=	0.09

Pacific Bay Minerals (TSXV:PBM) 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.

Pacific Bay Minerals Cash-to-Debt Related Terms

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

Pacific Bay Minerals (TSXV:PBM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Pacific Bay Minerals Ltd (TSXV:PBM) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

PBMFF:USA

Address

1030 West Georgia Street, Suite 1507, Vancouver, BC, CAN, V6E2Y3

Website

https://www.pacificbayminerals.com

Pacific Bay Minerals Ltd is a Canada-based exploration company. Principally, it is engaged in the business of acquisition, exploration, and development of mineral resource properties in Canada. The company's properties include the Wheaton Creek, Haskins Reed and Weaver Lake property.

Executives

David Schussler

10% Security Holder

Pacific Bay Minerals (TSXV:PBM) Headlines

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