GMV Minerals (TSXV:GMV) Cash-to-Debt : No Debt ⁽¹⁾ (As of Mar. 2024)

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What is GMV Minerals 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. GMV Minerals's cash to debt ratio for the quarter that ended in Mar. 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, GMV Minerals could pay off its debt using the cash in hand for the quarter that ended in Mar. 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 GMV Minerals's Cash-to-Debt or its related term are showing as below:

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

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

TSXV:GMV's Cash-to-Debt is ranked better than
99.96% of 2649 companies
in the Metals & Mining industry
Industry Median: 17.59 vs TSXV:GMV: No Debt

GMV Minerals Cash-to-Debt Historical Data

The historical data trend for GMV Minerals'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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GMV Minerals Cash-to-Debt Chart

GMV Minerals Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

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No Debt

GMV Minerals 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															No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of GMV Minerals's Cash-to-Debt

For the Gold subindustry, GMV Minerals'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.

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

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

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

GMV Minerals 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.

GMV Minerals's Cash to Debt Ratio for the fiscal year that ended in Jun. 2023 is calculated as:

GMV Minerals had no debt ⁽¹⁾.

GMV Minerals's Cash to Debt Ratio for the quarter that ended in Mar. 2024 is calculated as:

GMV Minerals had no debt ⁽¹⁾.

GMV Minerals (TSXV:GMV) 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.

GMV Minerals Cash-to-Debt Related Terms

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

GMV Minerals (TSXV:GMV) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

GMVMF:USA G3MN:Germany

Address

West Georgia Street, Suite 1050-1090, Vancouver, BC, CAN, V6E 3V7

Website

https://www.gmvminerals.com

GMV Minerals Inc is an exploration stage and its principal business activity is the sourcing and exploration of mineral properties. The company is in the process of exploring its principal mineral properties in SE Arizona. It has one operating segment: mineral exploration. GMV Minerals operates in one geographical segment, the United States of America. The company, through its subsidiary, holds an interest in a mining property lease, referred to as the Mexican Hat project.

Executives

Alistair Maclennan

Director, Senior Officer

GMV Minerals (TSXV:GMV) Headlines

No Headlines

GMV Minerals (TSXV:GMV) Cash-to-Debt : No Debt (1) (As of Mar. 2024)