Granada Gold Mine (TSXV:GGM) Cash-to-Debt : 0.08 (As of Dec. 2023)

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What is Granada Gold Mine 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. Granada Gold Mine's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.08.

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, Granada Gold Mine couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

TSXV:GGM' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.52 Max: No Debt
Current: 0.08

During the past 13 years, Granada Gold Mine's highest Cash to Debt Ratio was No Debt. The lowest was 0.01. And the median was 0.52.

TSXV:GGM's Cash-to-Debt is ranked worse than
91.57% of 2646 companies
in the Metals & Mining industry
Industry Median: 18.395 vs TSXV:GGM: 0.08

Granada Gold Mine Cash-to-Debt Historical Data

The historical data trend for Granada Gold Mine'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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Granada Gold Mine Cash-to-Debt Chart

Granada Gold Mine Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

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0.12

0.17

0.11

0.35

0.11

Granada Gold Mine 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															0.27	0.17	0.11	0.09	0.08

Competitive Comparison of Granada Gold Mine's Cash-to-Debt

For the Gold subindustry, Granada Gold Mine'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.

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

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

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

Granada Gold Mine 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.

Granada Gold Mine's Cash to Debt Ratio for the fiscal year that ended in Jun. 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)
	=	0.134	/	(1.28	+	0)
	=	0.10

Granada Gold Mine's Cash to Debt Ratio for the quarter that ended in Dec. 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)
	=	0.103	/	(1.306	+	0)
	=	0.08

Granada Gold Mine (TSXV:GGM) 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.

Granada Gold Mine Cash-to-Debt Related Terms

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

Granada Gold Mine (TSXV:GGM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Granada Gold Mine Inc (TSXV:GGM) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

GBBFF:USA B6DA:Germany

Address

3028 Quadra Court, Coquitlam, BC, CAN, V3B 5X6

Website

https://www.granadagoldmine.com

Granada Gold Mine Inc is a Canada-based company involved in the industrial metals and mining business sector. The company is a junior natural resource company, which is engaged in the acquisition, exploration, and development of mineral property interests. It operates in the Granada Gold project.

Executives

Frank Joseph Basa

Director, Senior Officer

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