Nexus Gold (TSXV:NXS) Cash-to-Debt : 0.07 (As of Oct. 2023)

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What is Nexus 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. Nexus Gold's cash to debt ratio for the quarter that ended in Oct. 2023 was 0.07.

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

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

TSXV:NXS' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.07 Med: No Debt Max: No Debt
Current: 0.07

During the past 13 years, Nexus Gold's highest Cash to Debt Ratio was No Debt. The lowest was 0.07. And the median was No Debt.

TSXV:NXS's Cash-to-Debt is ranked worse than
91.97% of 2654 companies
in the Metals & Mining industry
Industry Median: 17.81 vs TSXV:NXS: 0.07

Nexus Gold Cash-to-Debt Historical Data

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

Nexus Gold Annual Data

Trend

Jul13

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Cash-to-Debt

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No Debt

9.85

22.42

0.39

0.11

Nexus Gold Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
Cash-to-Debt	Get a 7-Day Free Trial															0.23	0.11	0.20	0.10	0.07

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

For the Gold subindustry, Nexus 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.

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

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

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

Nexus 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.

Nexus Gold's Cash to Debt Ratio for the fiscal year that ended in Jan. 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)
	=	0.075	/	(0.692	+	0.018)
	=	0.11

Nexus Gold's Cash to Debt Ratio for the quarter that ended in Oct. 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)
	=	0.051	/	(0.716	+	0)
	=	0.07

Nexus Gold (TSXV:NXS) 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.

Nexus Gold Cash-to-Debt Related Terms

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

Nexus Gold (TSXV:NXS) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

NXSGF:USA GH00:Germany

Address

750 West Pender Street, Suite 802, Vancouver, BC, CAN, V6C 2T8

Website

https://www.nxs.gold

Nexus Gold Corp is a Canadian-based company with a portfolio of ten exploration projects in West Africa and Canada. The West African-based portfolio totals five projects located on active gold belts and mineralized trends, while its 100% owned Canadian projects include the flagship McKenzie Gold Project in Red Lake, Ontario. The company is focused on developing several core assets while seeking joint-venture, earn-in, and strategic partnerships for other projects in its growing portfolio.

Executives

Alexander Klenman

Director

Nexus Gold (TSXV:NXS) Headlines

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