Prosper Gold (TSXV:PGX) Cash-to-Debt : No Debt ⁽¹⁾ (As of Jan. 2024)

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

TSXV:PGX' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.53 Med: No Debt Max: No Debt
Current: 7.38

During the past 13 years, Prosper Gold's highest Cash to Debt Ratio was No Debt. The lowest was 1.53. And the median was No Debt.

TSXV:PGX's Cash-to-Debt is ranked worse than
55.23% of 2649 companies
in the Metals & Mining industry
Industry Median: 17.62 vs TSXV:PGX: 7.38

Prosper Gold Cash-to-Debt Historical Data

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

Prosper Gold Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

65.17

96.03

3.53

4.73

Prosper Gold Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Cash-to-Debt	Get a 7-Day Free Trial															11.93	7.79	8.13	4.73	No Debt

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

For the Other Industrial Metals & Mining subindustry, Prosper 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.

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

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

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

Prosper 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.

Prosper Gold's Cash to Debt Ratio for the fiscal year 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)
	=	0.189	/	(0.04	+	0)
	=	4.73

Prosper Gold's Cash to Debt Ratio for the quarter that ended in Jan. 2024 is calculated as:

Prosper Gold had no debt ⁽¹⁾.

Prosper Gold (TSXV:PGX) 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.

Prosper Gold Cash-to-Debt Related Terms

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Prosper Gold (TSXV:PGX) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

PGXFF:USA 2QPA:Germany

Address

1055 Dunsmuir Street, Suite 3500, P.O. Box 49114, Vancouver, BC, CAN, V7X 1H7

Website

https://www.prospergoldcorp.com

Prosper Gold Corp is an exploration and development company. Principally, it is engaged in the acquisition, exploration, and development of mineral resource properties in British Columbia and Canada. The company is focused on the exploration and development of the Star property in British Columbia, Canada, and exploration and development of the Ontario Projects in Ontario, Canada.

Executives

Peter Bernier

Director, Senior Officer