Allegiant Gold (TSXV:AUAU) Cash-to-Debt : 1,291.50 (As of Mar. 2024)

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What is Allegiant 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. Allegiant Gold's cash to debt ratio for the quarter that ended in Mar. 2024 was 1,291.50.

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, Allegiant Gold could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

TSXV:AUAU' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.55 Med: 72.28 Max: No Debt
Current: 1291.5

During the past 7 years, Allegiant Gold's highest Cash to Debt Ratio was No Debt. The lowest was 0.55. And the median was 72.28.

TSXV:AUAU's Cash-to-Debt is ranked better than
65.32% of 2653 companies
in the Metals & Mining industry
Industry Median: 17.77 vs TSXV:AUAU: 1291.50

Allegiant Gold Cash-to-Debt Historical Data

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

Allegiant Gold Annual Data

Trend

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Cash-to-Debt

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No Debt

23.41

33.65

81.64

99.67

Allegiant Gold Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															52.74	45.27	99.67	486.14	1,291.50

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

For the Gold subindustry, Allegiant 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.

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

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

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

Allegiant 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.

Allegiant Gold's Cash to Debt Ratio for the fiscal year 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)
	=	2.392	/	(0.024	+	0)
	=	99.67

Allegiant 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)
	=	5.166	/	(0.004	+	0)
	=	1,291.50

Allegiant Gold (TSXV:AUAU) 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.

Allegiant Gold Cash-to-Debt Related Terms

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

Allegiant Gold (TSXV:AUAU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Allegiant Gold Ltd (TSXV:AUAU) » Definitions » Cash-to-Debt

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Traded in Other Exchanges

AUXXF:USA

Address

1090 Hamilton Street, Vancouver, BC, CAN, V6B 2R9

Website

https://www.allegiantgold.com

Allegiant Gold Ltd is a gold exploration company. Its project profile consists of Bolo and Eastside in Nevada; Browns Canyon, West Goldfield, Overland Pass, White Horse Flats, and White Horse North. The business has one segment, being mineral exploration and evaluation. All assets of the firm are located in the USA.

Executives

Shawn Nichols

Director

Allegiant Gold (TSXV:AUAU) Headlines

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