Reunion Gold (TSXV:RGD) Cash-to-Debt : 115.70 (As of Dec. 2023)

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What is Reunion 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. Reunion Gold's cash to debt ratio for the quarter that ended in Dec. 2023 was 115.70.

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, Reunion Gold could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

TSXV:RGD' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.05 Med: 17.79 Max: No Debt
Current: 115.7

During the past 13 years, Reunion Gold's highest Cash to Debt Ratio was No Debt. The lowest was 0.05. And the median was 17.79.

TSXV:RGD's Cash-to-Debt is ranked better than
60.6% of 2645 companies
in the Metals & Mining industry
Industry Median: 18.37 vs TSXV:RGD: 115.70

Reunion Gold Cash-to-Debt Historical Data

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

Reunion Gold Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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23.03

12.55

99.53

60.01

115.70

Reunion Gold Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															60.01	53.99	41.00	139.90	115.70

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

For the Gold subindustry, Reunion 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.

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

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

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

Reunion 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.

Reunion Gold's Cash to Debt Ratio for the fiscal year that ended in Dec. 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)
	=	72.312	/	(0.202	+	0.423)
	=	115.70

Reunion Gold's Cash to Debt Ratio for the quarter that ended in Dec. 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)
	=	72.312	/	(0.202	+	0.423)
	=	115.70

Reunion Gold (TSXV:RGD) 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.

Reunion Gold Cash-to-Debt Related Terms

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

Reunion Gold (TSXV:RGD) Business Description

Industry

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

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Traded in Other Exchanges

RGDFF:USA RG7:Germany

Address

181 Bay Street, Suite 4400, Brookfield Place, Toronto, ON, CAN, M5J 2T3

Website

http://www.reuniongold.com

Reunion Gold Corp is a Canadian gold exploration and development company. It is focused on the acquisition, exploration, and development of gold mineral properties in the Guiana Shield region in South America. The main projects of the company are Boulanger and Dorlin in French Guiana, Oko West in Guyana and NW Extension in Suriname.

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