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

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What is Mayfair 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. Mayfair 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, Mayfair 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 Mayfair Gold's Cash-to-Debt or its related term are showing as below:

TSXV:MFG' s Cash-to-Debt Range Over the Past 10 Years
Min: 174.44 Med: 5339.6 Max: No Debt
Current: No Debt

During the past 5 years, Mayfair Gold's highest Cash to Debt Ratio was No Debt. The lowest was 174.44. And the median was 5339.60.

TSXV:MFG's Cash-to-Debt is ranked better than
99.92% of 2646 companies
in the Metals & Mining industry
Industry Median: 18.395 vs TSXV:MFG: No Debt

Mayfair Gold Cash-to-Debt Historical Data

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

Mayfair Gold Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

N/A

No Debt

174.44

679.20

No Debt

Mayfair Gold Quarterly Data
	Dec19	Mar20	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial											679.20	No Debt	No Debt	No Debt	No Debt

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

For the Gold subindustry, Mayfair 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.

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

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

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

Mayfair 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.

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

Mayfair Gold had no debt ⁽¹⁾.

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

Mayfair Gold had no debt ⁽¹⁾.

Mayfair Gold (TSXV:MFG) 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.

Mayfair Gold Cash-to-Debt Related Terms

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

Mayfair Gold (TSXV:MFG) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

MFGCF:USA

Address

489 MacDougal Street, Matheson, ON, CAN, P0K 1N0

Website

https://www.mayfairgold.ca

Mayfair Gold Corp is a mineral exploration company that is engaged in the acquisition and exploration of mineral properties. It has one material mineral property, the Fenn-Gib Property, located in the Guibord, Munro, Michaud, and McCool Townships in northeast Ontario, which is in the exploration stage. The Company has one operating segment, which is defined as an exploration and development unit in Canada.

Executives