Advanced Gold Exploration (XCNQ:AUEX) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is Advanced Gold Exploration 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. Advanced Gold Exploration'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, Advanced Gold Exploration 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 Advanced Gold Exploration's Cash-to-Debt or its related term are showing as below:

XCNQ:AUEX' 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 3 years, Advanced Gold Exploration's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

XCNQ:AUEX's Cash-to-Debt is ranked better than
99.92% of 2645 companies
in the Metals & Mining industry
Industry Median: 18.3 vs XCNQ:AUEX: No Debt

Advanced Gold Exploration Cash-to-Debt Historical Data

The historical data trend for Advanced Gold Exploration'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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Advanced Gold Exploration Cash-to-Debt Chart

Advanced Gold Exploration Annual Data

Trend

Dec21

Dec22

Dec23

Cash-to-Debt

No Debt

Advanced Gold Exploration Quarterly Data
	Jun20	Sep20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial									No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Advanced Gold Exploration's Cash-to-Debt

For the Gold subindustry, Advanced Gold Exploration'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.

Advanced Gold Exploration's Cash-to-Debt Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Advanced Gold Exploration's Cash-to-Debt falls into.

Advanced Gold Exploration 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.

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

Advanced Gold Exploration had no debt ⁽¹⁾.

Advanced Gold Exploration's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Advanced Gold Exploration had no debt ⁽¹⁾.

Advanced Gold Exploration (XCNQ:AUEX) 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.

Advanced Gold Exploration Cash-to-Debt Related Terms

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

Advanced Gold Exploration (XCNQ:AUEX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Advanced Gold Exploration Inc (XCNQ:AUEX) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

AUHIF:USA 4TG:Germany

Address

372 Bay Street, Suite 301, Toronto, ON, CAN, M5H 2W9

Website

https://www.advanceunited.ca

Advanced Gold Exploration Inc Formerly Advance United Holdings Inc is a junior mining company. It is identifying and acquiring undervalued gold-bearing properties. Its projects include Paint Lake Road Project and Buck Lake Property. It has one business segment and operates in the mineral exploration business in Canada.

Executives

James Atkinson

Director, Senior Officer

Advanced Gold Exploration (XCNQ:AUEX) Headlines

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Advanced Gold Exploration (XCNQ:AUEX) Cash-to-Debt : No Debt (1) (As of Dec. 2023)