Damara Gold (TSXV:DMR) Cash-to-Debt : No Debt ⁽¹⁾ (As of Jan. 2024)

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What is Damara 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. Damara Gold's cash to debt ratio for the quarter that ended in Jan. 2024 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, Damara Gold could pay off its debt using the cash in hand for the quarter that ended in Jan. 2024.

(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 Damara Gold's Cash-to-Debt or its related term are showing as below:

TSXV:DMR' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.03 Med: No Debt Max: No Debt
Current: No Debt

During the past 13 years, Damara Gold's highest Cash to Debt Ratio was No Debt. The lowest was 0.03. And the median was No Debt.

TSXV:DMR's Cash-to-Debt is ranked better than
99.92% of 2642 companies
in the Metals & Mining industry
Industry Median: 18.42 vs TSXV:DMR: No Debt

Damara Gold Cash-to-Debt Historical Data

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

Damara Gold Annual Data

Trend

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Jul20

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Jul23

Cash-to-Debt

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No Debt

Damara Gold Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	No Debt	No Debt	No Debt	No Debt

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

For the Gold subindustry, Damara 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.

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

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

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

Damara 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.

Damara Gold's Cash to Debt Ratio for the fiscal year that ended in Jul. 2023 is calculated as:

Damara Gold had no debt ⁽¹⁾.

Damara Gold's Cash to Debt Ratio for the quarter that ended in Jan. 2024 is calculated as:

Damara Gold had no debt ⁽¹⁾.

Damara Gold (TSXV:DMR) 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.

Damara Gold Cash-to-Debt Related Terms

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Damara Gold (TSXV:DMR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Damara Gold Corp (TSXV:DMR) » Definitions » Cash-to-Debt

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Traded in Other Exchanges

SLMZF:USA

Address

1632 Dickson Avenue, Suite 335, Landmark 3, Kelowna, BC, CAN, V1Y 7T2

Website

https://www.damaragoldcorp.com

Damara Gold Corp is a Canada-based exploration-stage company. The business activity of the group includes the exploration and development of mineral property in Namibia. It mainly explores for gold minerals. The company holds an interest in the Princeton Property that comprises approximately 22 mineral claims covering approximately 8,955 hectares located approximately 35km south of Princeton, British Columbia. The company also has two Properties which are Palcer Mountain Property and Vanlab Property.

Damara Gold (TSXV:DMR) Headlines

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Damara Gold (TSXV:DMR) Cash-to-Debt : No Debt (1) (As of Jan. 2024)