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

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

TSXV:SIG' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.57 Med: No Debt Max: No Debt
Current: No Debt

During the past 8 years, Sitka Gold's highest Cash to Debt Ratio was No Debt. The lowest was 0.57. And the median was No Debt.

TSXV:SIG's Cash-to-Debt is ranked better than
99.92% of 2642 companies
in the Metals & Mining industry
Industry Median: 18.42 vs TSXV:SIG: No Debt

Sitka Gold Cash-to-Debt Historical Data

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

Sitka Gold Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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No Debt

131.73

No Debt

Sitka 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															No Debt	No Debt	No Debt	No Debt	No Debt

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

For the Gold subindustry, Sitka 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.

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

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

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

Sitka 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.

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

Sitka Gold had no debt ⁽¹⁾.

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

Sitka Gold had no debt ⁽¹⁾.

Sitka Gold (TSXV:SIG) 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.

Sitka Gold Cash-to-Debt Related Terms

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Sitka Gold (TSXV:SIG) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

SITKF:USA 1RF:Germany

Address

409 Granville Street, Suite 1500, Vancouver, BC, CAN, V6C 1T2

Website

https://www.sitkagoldcorp.com

Sitka Gold Corp is engaged in the exploration of mineral resources in Nunavut Canada, Nevada USA and Arizona USA, and Yukon Canada. The company's projects include RC Gold and OGI in Yukon, Burro Creek Gold in Arizona, Alpha Gold in Nevada, and Coppermine River in Nunavut.