P2 Gold (P2 Gold) Cash-to-Debt : 0.08 (As of Mar. 2024)

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What is P2 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. P2 Gold's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.08.

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, P2 Gold couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

The historical rank and industry rank for P2 Gold's Cash-to-Debt or its related term are showing as below:

PGLDF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.08 Med: 17.27 Max: No Debt
Current: 0.08

During the past 6 years, P2 Gold's highest Cash to Debt Ratio was No Debt. The lowest was 0.08. And the median was 17.27.

PGLDF's Cash-to-Debt is ranked worse than
91.03% of 2643 companies
in the Metals & Mining industry
Industry Median: 18.42 vs PGLDF: 0.08

P2 Gold Cash-to-Debt Historical Data

The historical data trend for P2 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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P2 Gold Cash-to-Debt Chart

P2 Gold Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

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No Debt

12.03

No Debt

31.08

11.07

P2 Gold Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															11.07	3.73	15.69	0.15	0.08

Competitive Comparison of P2 Gold's Cash-to-Debt

For the Other Precious Metals & Mining subindustry, P2 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.

P2 Gold's Cash-to-Debt Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, P2 Gold's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where P2 Gold's Cash-to-Debt falls into.

P2 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.

P2 Gold's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 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)
	=	1.085	/	(0.098	+	0)
	=	11.07

P2 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)
	=	0.214	/	(2.736	+	0)
	=	0.08

P2 Gold (OTCPK:PGLDF) 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.

P2 Gold Cash-to-Debt Related Terms

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P2 Gold (P2 Gold) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » P2 Gold Inc (OTCPK:PGLDF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

4Z9:Germany PGLD:Canada

Address

355 Burrard Street, Suite 1100, Vancouver, BC, CAN, V6C 2G8

Website

https://www.p2gold.com

P2 Gold Inc is a mineral exploration company engaged in the acquisition, exploration and development of mineral resource properties primarily in British Columbia, Canada and the western United States. Its property portfolio includes the Silver Reef Property, Gabbs Project, Lost Cabin Property and others.