Golden Matrix Group (Golden Matrix Group) Cash-to-Debt : 51.16 (As of Jan. 2024)

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What is Golden Matrix Group 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. Golden Matrix Group's cash to debt ratio for the quarter that ended in Jan. 2024 was 51.16.

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, Golden Matrix Group could pay off its debt using the cash in hand for the quarter that ended in Jan. 2024.

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

GMGI' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 5.88 Max: No Debt
Current: 51.16

During the past 13 years, Golden Matrix Group's highest Cash to Debt Ratio was No Debt. The lowest was 0.00. And the median was 5.88.

GMGI's Cash-to-Debt is ranked better than
73.42% of 587 companies
in the Interactive Media industry
Industry Median: 4.74 vs GMGI: 51.16

Golden Matrix Group Cash-to-Debt Historical Data

The historical data trend for Golden Matrix Group'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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Golden Matrix Group Cash-to-Debt Chart

Golden Matrix Group Annual Data

Trend

Jul13

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jan21

Oct22

Oct23

Cash-to-Debt

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0.82

1.27

No Debt

96.45

289.83

Golden Matrix Group Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Cash-to-Debt	Get a 7-Day Free Trial															106.37	140.66	183.43	289.83	51.16

Competitive Comparison of Golden Matrix Group's Cash-to-Debt

For the Electronic Gaming & Multimedia subindustry, Golden Matrix Group'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.

Golden Matrix Group's Cash-to-Debt Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Golden Matrix Group's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Golden Matrix Group's Cash-to-Debt falls into.

Golden Matrix Group 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.

Golden Matrix Group's Cash to Debt Ratio for the fiscal year that ended in Oct. 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)
	=	17.1	/	(0.059	+	0)
	=	289.83

Golden Matrix Group's Cash to Debt Ratio for the quarter that ended in Jan. 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)
	=	17.293	/	(0.081	+	0.257)
	=	51.16

Golden Matrix Group (NAS:GMGI) 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.

Golden Matrix Group Cash-to-Debt Related Terms

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Golden Matrix Group (Golden Matrix Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Golden Matrix Group Inc (NAS:GMGI) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

SE0C:Germany

Address

3651 Lindell Road, Suite D131, Las Vegas, NV, USA, 89103

Website

https://www.goldenmatrix.com

Golden Matrix Group Inc is an established gaming technology company that develops and owns online gaming IP and builds configurable and scalable white-label social gaming platforms for its international customers, located in the Asia Pacific region. The company operates in two reportable segments; B2B and B2C. The B2C segment earns majority revenue. The company operates in UK, Asia Pacific and Latin America. It offers configurable and scalable iGaming platforms and operate some of the industry's iconic brands, including MexPlay, R Kings Competitions and GM-AG.

Executives

Philip Moyes	director	54 KINGS WHARF, QUAY 27, QUEENSWAY J1 GX11 1AA
Thomas Mcchesney	director	PO BOX 2910, TACOMA WA 98401-2910
Omar Jimenez	officer: CFO & Chief Compliance Officer	C/O MONAKER GROUP INC., 2690 WESTON ROAD, SUITE 200, WESTON FL 33331
Aaron Richard Johnston	director	3851 LINDELL RD, STE D131, LAS VEGAS NV 89103
Murray George Smith	director	11920 SOUTHERN HIGHLANDS PARKWAY,, SUITE 200, LAS VEGAS NV 89141
Luxor Capital Llc	10 percent owner	3651 LINDELL RD STE D131, LAS VEGAS NV 89103
Anthony Brian Goodman	director, 10 percent owner, officer: CEO	3651 LINDELL RD STE D131, LAS VEGAS NV 89103
Weiting Feng	director, officer: CFO	3651 LINDELL RD STE D131, LAS VEGAS NV 89103