Freeman Gold (TSXV:FMAN) Cash-to-Debt : 146.64 (As of Feb. 2024)

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What is Freeman 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. Freeman Gold's cash to debt ratio for the quarter that ended in Feb. 2024 was 146.64.

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

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

TSXV:FMAN' s Cash-to-Debt Range Over the Past 10 Years
Min: 48.93 Med: No Debt Max: No Debt
Current: 146.64

During the past 6 years, Freeman Gold's highest Cash to Debt Ratio was No Debt. The lowest was 48.93. And the median was No Debt.

TSXV:FMAN's Cash-to-Debt is ranked better than
61.34% of 2654 companies
in the Metals & Mining industry
Industry Median: 17.81 vs TSXV:FMAN: 146.64

Freeman Gold Cash-to-Debt Historical Data

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

Freeman Gold Annual Data

Trend

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Cash-to-Debt

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No Debt

49.65

68.59

Freeman Gold Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Cash-to-Debt	Get a 7-Day Free Trial															48.93	53.28	53.66	68.59	146.64

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

For the Gold subindustry, Freeman 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.

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

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

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

Freeman 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.

Freeman Gold's Cash to Debt Ratio for the fiscal year that ended in Nov. 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)
	=	2.332	/	(0.034	+	0)
	=	68.59

Freeman Gold's Cash to Debt Ratio for the quarter that ended in Feb. 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)
	=	2.053	/	(0.014	+	0)
	=	146.64

Freeman Gold (TSXV:FMAN) 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.

Freeman Gold Cash-to-Debt Related Terms

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

Freeman Gold (TSXV:FMAN) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

FMANF:USA 3WU:Germany

Address

505 Burrard Street, Suite 1570, Vancouver, BC, CAN, V7X 1M5

Website

https://www.freemangoldcorp.com

Freeman Gold Corp is a Canada based mineral exploration and development company. The company primarily explores for gold. It is focused on the Lemhi gold project.

Executives

William Randall	Senior Officer
Bassam Moubarak	Director, Senior Officer

Freeman Gold (TSXV:FMAN) Headlines

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