E2Gold (TSXV:ETU) Cash-to-Debt : 0.82 (As of Jan. 2024)

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What is E2Gold 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. E2Gold's cash to debt ratio for the quarter that ended in Jan. 2024 was 0.82.

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, E2Gold couldn't pay off its debt using the cash in hand for the quarter that ended in Jan. 2024.

The historical rank and industry rank for E2Gold's Cash-to-Debt or its related term are showing as below:

TSXV:ETU' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.57 Med: No Debt Max: No Debt
Current: 0.82

During the past 4 years, E2Gold's highest Cash to Debt Ratio was No Debt. The lowest was 0.57. And the median was No Debt.

TSXV:ETU's Cash-to-Debt is ranked worse than
70.75% of 2636 companies
in the Metals & Mining industry
Industry Median: 17.875 vs TSXV:ETU: 0.82

E2Gold Cash-to-Debt Historical Data

The historical data trend for E2Gold'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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E2Gold Cash-to-Debt Chart

E2Gold Annual Data

Trend

Jul20

Jul21

Jul22

Jul23

Cash-to-Debt

2.72

No Debt

0.57

E2Gold Quarterly Data
	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	0.98	0.57	0.66	0.82

Competitive Comparison of E2Gold's Cash-to-Debt

For the Gold subindustry, E2Gold'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.

E2Gold's Cash-to-Debt Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, E2Gold's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where E2Gold's Cash-to-Debt falls into.

E2Gold 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.

E2Gold's Cash to Debt Ratio for the fiscal year that ended in Jul. 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)
	=	0.121	/	(0.211	+	0)
	=	0.57

E2Gold's Cash to Debt Ratio for the quarter that ended in Jan. 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)
	=	0.186	/	(0.228	+	0)
	=	0.82

E2Gold (TSXV:ETU) 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.

E2Gold Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of E2Gold's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

E2Gold (TSXV:ETU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » E2Gold Inc (TSXV:ETU) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

ETUGF:USA

Address

8 King Street East, Suite 1700, Toronto, ON, CAN, M5C 1B5

Website

https://www.e2gold.ca

E2Gold Inc. is engaged in acquisition, exploration and evaluation of gold and other mineral properties. The company's projects include Hawkins project, which is located in northern Ontario and Band-Ore project, which is located in west of Thunder Bay, Ontario.

E2Gold (TSXV:ETU) Headlines

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