Onyx Gold (TSXV:ONYX) Cash-to-Debt : No Debt ⁽¹⁾ (As of Sep. 2023)

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

TSXV:ONYX' 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 0 years, Onyx Gold's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

TSXV:ONYX's Cash-to-Debt is ranked better than
99.92% of 2639 companies
in the Metals & Mining industry
Industry Median: 18.42 vs TSXV:ONYX: No Debt

Onyx Gold Cash-to-Debt Historical Data

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

Onyx Gold Annual Data

Trend

Cash-to-Debt

Onyx Gold Semi-Annual Data
	Sep23
Cash-to-Debt	No Debt

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

For the Gold subindustry, Onyx 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.

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

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

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

Onyx 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.

Onyx Gold's Cash to Debt Ratio for the fiscal year that ended in . 20 is calculated as:

Do not have enough data to calculate Cash to Debt ratio.

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

Onyx Gold had no debt ⁽¹⁾.

Onyx Gold (TSXV:ONYX) 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.

Onyx Gold Cash-to-Debt Related Terms

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Onyx Gold (TSXV:ONYX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Onyx Gold corp (TSXV:ONYX) » Definitions » Cash-to-Debt

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Traded in Other Exchanges

ONXGF:USA

Address

375 Water Street, Suite 405, Vancouver, BC, CAN, V6B 5C6

Website

https://www.onyxgold.com

Onyx Gold corp is an exploration company focused on Canadian mining jurisdictions, with assets in Timmins, Ontario, and Yukon Territory. The company's portfolio of gold projects in the greater Timmins gold camp includes the Munro-Croesus Gold property, for its mineralization, plus two additional earlier-stage large exploration properties, Golden Mile and Timmins South.

Executives