Golden Metal Resources (LSE:GMET) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

View and export this data going back to 2023. Start your Free Trial

What is Golden Metal Resources 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 Metal Resources'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, Golden Metal Resources 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 Golden Metal Resources's Cash-to-Debt or its related term are showing as below:

LSE:GMET' 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 2 years, Golden Metal Resources's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

LSE:GMET's Cash-to-Debt is ranked better than
99.96% of 2654 companies
in the Metals & Mining industry
Industry Median: 17.81 vs LSE:GMET: No Debt

Golden Metal Resources Cash-to-Debt Historical Data

The historical data trend for Golden Metal Resources'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.

* Premium members only.

Golden Metal Resources Cash-to-Debt Chart

Golden Metal Resources Annual Data

Trend

Jun22

Jun23

Cash-to-Debt

No Debt

Golden Metal Resources Semi-Annual Data
	Dec21	Dec22	Jun23	Dec23
Cash-to-Debt	N/A	No Debt	No Debt	No Debt

Competitive Comparison of Golden Metal Resources's Cash-to-Debt

For the Other Precious Metals & Mining subindustry, Golden Metal Resources'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 Metal Resources's Cash-to-Debt Distribution in the Metals & Mining Industry

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

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

Golden Metal Resources 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 Metal Resources's Cash to Debt Ratio for the fiscal year that ended in Jun. 2023 is calculated as:

Golden Metal Resources had no debt ⁽¹⁾.

Golden Metal Resources's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Golden Metal Resources had no debt ⁽¹⁾.

Golden Metal Resources (LSE:GMET) 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 Metal Resources Cash-to-Debt Related Terms

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

Golden Metal Resources (LSE:GMET) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Golden Metal Resources PLC (LSE:GMET) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

GMTLF:USA

Address

201 Temple Chambers, 3-7 Temple Avenue, London, GBR, EC4Y 0DT

Website

https://www.goldenmetalresources.com

Golden Metal Resources PLC is a London-based precious and strategic metals exploration company which controls interests in four prospective projects in mining friendly Nevada. The company's primary project portfolio comprise Pilot Mountain Project, Golconda Summit Project, Kibby Basin Project, Garfield Project, and Stonewall Project.