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Allied Gold (Allied Gold) Cash-to-Debt : 1.21 (As of Mar. 2024)


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What is Allied Gold 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. Allied Gold's cash to debt ratio for the quarter that ended in Mar. 2024 was 1.21.

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, Allied Gold could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

AAUCF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.84   Med: 1.37   Max: 1.77
Current: 1.21

During the past 2 years, Allied Gold's highest Cash to Debt Ratio was 1.77. The lowest was 0.84. And the median was 1.37.

AAUCF's Cash-to-Debt is ranked worse than
66.78% of 2643 companies
in the Metals & Mining industry
Industry Median: 18.42 vs AAUCF: 1.21

Allied Gold Cash-to-Debt Historical Data

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

Allied Gold Annual Data
Trend Dec22 Dec23
Cash-to-Debt
0.84 1.53

Allied Gold Quarterly Data
Sep22 Dec22 Mar23 Sep23 Dec23 Mar24
Cash-to-Debt Get a 7-Day Free Trial 0.84 N/A 1.77 1.53 1.21

Competitive Comparison of Allied Gold's Cash-to-Debt

For the Gold subindustry, Allied Gold'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.

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

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

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


Allied Gold 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.

Allied Gold'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)
=158.638 / (0 + 103.457)
=1.53

Allied Gold's Cash to Debt Ratio for the quarter that ended in Mar. 2024 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)
=125.369 / (103.652 + 0)
=1.21

* 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.

Allied Gold  (OTCPK:AAUCF) 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.

Allied Gold Cash-to-Debt Related Terms

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Allied Gold (Allied Gold) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Allied Gold Corp (OTCPK:AAUCF) » Definitions » Cash-to-Debt
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Traded in Other Exchanges
AAUC:Canada
Address
40 Temperance Street, Suite 3200, Bay Adelaide Centre - North Tower, Pacific Centre, Toronto, ON, CAN, M5H 0B4
Website
Allied Gold Corp is a company focused on gold mining asset transformation in Africa. Allied has three mines and several development and exploration projects in Africa where it has significant operating experience. Operations are located in Cote d'Ivoire, Mali, Ethiopia and Egypt. The company aspires to become a mid-tier next-generation gold producer in Africa.