Leviathan Gold (TSXV:LVX) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is Leviathan 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. Leviathan Gold's cash to debt ratio for the quarter that ended in Dec. 2023 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, Leviathan Gold could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

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

During the past 4 years, Leviathan Gold's highest Cash to Debt Ratio was No Debt. The lowest was 0.82. And the median was No Debt.

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

Leviathan Gold Cash-to-Debt Historical Data

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

Leviathan Gold Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

N/A

No Debt

Leviathan Gold Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial									No Debt	No Debt	No Debt	No Debt	No Debt

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

For the Gold subindustry, Leviathan 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.

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

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

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

Leviathan 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.

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

Leviathan Gold had no debt ⁽¹⁾.

Leviathan Gold's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Leviathan Gold had no debt ⁽¹⁾.

Leviathan Gold (TSXV:LVX) 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.

Leviathan Gold Cash-to-Debt Related Terms

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

Leviathan Gold (TSXV:LVX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Leviathan Gold Ltd (TSXV:LVX) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

LVXFF:USA 0GP0:Germany

Address

1090 West Georgia Street, Suite 488, Vancouver, BC, CAN, V6E 3V7

Website

https://www.leviathangold.com

Leviathan Gold Ltd is a gold exploration company. The company is focused on exploring for high grade gold deposits within the prolific Stawell and Bendigo Zones of central Victoria, Australia. The project portfolio includes Timor and Avoca.

Leviathan Gold (TSXV:LVX) Headlines

No Headlines

Leviathan Gold (TSXV:LVX) Cash-to-Debt : No Debt (1) (As of Dec. 2023)