Xtra-Gold Resources (TSX:XTG) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is Xtra-Gold 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. Xtra-Gold 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, Xtra-Gold 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 Xtra-Gold Resources's Cash-to-Debt or its related term are showing as below:

TSX:XTG' 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 13 years, Xtra-Gold Resources's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

TSX:XTG's Cash-to-Debt is ranked better than
99.92% of 2646 companies
in the Metals & Mining industry
Industry Median: 18.395 vs TSX:XTG: No Debt

Xtra-Gold Resources Cash-to-Debt Historical Data

The historical data trend for Xtra-Gold 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.

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Xtra-Gold Resources Cash-to-Debt Chart

Xtra-Gold Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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No Debt

Xtra-Gold Resources 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															No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Xtra-Gold Resources's Cash-to-Debt

For the Gold subindustry, Xtra-Gold 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.

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

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

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

Xtra-Gold 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.

Xtra-Gold Resources's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Xtra-Gold Resources had no debt ⁽¹⁾.

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

Xtra-Gold Resources had no debt ⁽¹⁾.

Xtra-Gold Resources (TSX:XTG) 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.

Xtra-Gold Resources Cash-to-Debt Related Terms

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Xtra-Gold Resources (TSX:XTG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Xtra-Gold Resources Corp (TSX:XTG) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

XTGRF:USA

Address

Shirley Street Plaza, Suite 2150, P.O Box AP 59217, Nassau, BHS

Website

https://www.xtragold.com

Xtra-Gold Resources Corp is a gold exploration company with a substantial land position in the Kibi Gold Belt. The Kibi Gold Belt, which exhibits many similar geological features to Ghana's main gold belt, the Ashanti Belt, has been the subject of very limited modern exploration activity targeting lode gold deposits as virtually all past gold mining activity and exploration efforts focused on the extensive alluvial gold occurrences in many river valleys throughout the Kibi area. Its mining portfolio consists of 225.87 sq km comprised of 33.65 sq km for the Kibi project, 51.67 sq km for Banso project, 55.28 sq km for Muoso project, 44.76 sq km for the Kwabeng project, and 40.51 sq km for the Pameng project, or 55,873 acres, pursuant to the leased areas set forth in mining leases.

Executives

Leon Van Der Merwe

10% Security Holder

Xtra-Gold Resources (TSX:XTG) Headlines

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Xtra-Gold Resources (TSX:XTG) Cash-to-Debt : No Debt (1) (As of Dec. 2023)