Signal Gold (TSX:SGNL) Cash-to-Debt : 0.44 (As of Sep. 2023)

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What is Signal 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. Signal Gold's cash to debt ratio for the quarter that ended in Sep. 2023 was 0.44.

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, Signal Gold couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

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

TSX:SGNL' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.44 Med: 3.29 Max: 25.49
Current: 0.44

During the past 13 years, Signal Gold's highest Cash to Debt Ratio was 25.49. The lowest was 0.44. And the median was 3.29.

TSX:SGNL's Cash-to-Debt is ranked worse than
76.64% of 2646 companies
in the Metals & Mining industry
Industry Median: 18.395 vs TSX:SGNL: 0.44

Signal Gold Cash-to-Debt Historical Data

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

Signal Gold Annual Data

Trend

May14

May15

May16

May17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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1.00

5.54

6.33

0.81

N/A

Signal Gold Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															0.81	0.78	0.64	0.44	N/A

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

For the Gold subindustry, Signal 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.

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

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

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

Signal 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.

Signal 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)
	=	9.251	/	(11.236	+	0.155)
	=	0.81

Signal Gold's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	10.07	/	(0.337	+	22.357)
	=	0.44

Signal Gold (TSX:SGNL) 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.

Signal Gold Cash-to-Debt Related Terms

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Signal Gold (TSX:SGNL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Signal Gold Inc (TSX:SGNL) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

SGNLF:USA Y8B:Germany

Address

20 Adelaide St. East, Suite 915, Toronto, ON, CAN, M5C 2T6

Website

http://www.anacondamining.com

Signal Gold Inc is gold mining, development, and exploration company focused on the top-tier Canadian mining jurisdictions of Nova Scotia and Newfoundland. The company operates mining and milling operations in the Goldboro Gold Project in Nova Scotia, the prolific Baie Verte Mining District of Newfoundland which includes the fully-permitted Pine Cove Mill, tailings facility, and deep-water port, as well as 15,000 hectares of mineral property at Tilt Cove.

Executives

Robert Dufour

Senior Officer

Signal Gold (TSX:SGNL) Headlines

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