West Red Lake Gold Mines (TSXV:WRLG) Cash-to-Debt : 0.61 (As of Feb. 2024)

View and export this data going back to 1980. Start your Free Trial

What is West Red Lake Gold Mines 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. West Red Lake Gold Mines's cash to debt ratio for the quarter that ended in Feb. 2024 was 0.61.

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, West Red Lake Gold Mines couldn't pay off its debt using the cash in hand for the quarter that ended in Feb. 2024.

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

TSXV:WRLG' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.61 Med: No Debt Max: No Debt
Current: 0.61

During the past 13 years, West Red Lake Gold Mines's highest Cash to Debt Ratio was No Debt. The lowest was 0.61. And the median was No Debt.

TSXV:WRLG's Cash-to-Debt is ranked worse than
73.29% of 2643 companies
in the Metals & Mining industry
Industry Median: 18.42 vs TSXV:WRLG: 0.61

West Red Lake Gold Mines Cash-to-Debt Historical Data

The historical data trend for West Red Lake Gold Mines'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.

* Premium members only.

West Red Lake Gold Mines Cash-to-Debt Chart

West Red Lake Gold Mines Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

2.09

West Red Lake Gold Mines Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	No Debt	2.26	2.09	0.61

Competitive Comparison of West Red Lake Gold Mines's Cash-to-Debt

For the Gold subindustry, West Red Lake Gold Mines'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.

West Red Lake Gold Mines's Cash-to-Debt Distribution in the Metals & Mining Industry

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

* The bar in red indicates where West Red Lake Gold Mines's Cash-to-Debt falls into.

West Red Lake Gold Mines 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.

West Red Lake Gold Mines's Cash to Debt Ratio for the fiscal year that ended in Nov. 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)
	=	16.309	/	(7.803	+	0)
	=	2.09

West Red Lake Gold Mines's Cash to Debt Ratio for the quarter that ended in Feb. 2024 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)
	=	3.848	/	(5.116	+	1.182)
	=	0.61

West Red Lake Gold Mines (TSXV:WRLG) 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.

West Red Lake Gold Mines Cash-to-Debt Related Terms

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

West Red Lake Gold Mines (TSXV:WRLG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » West Red Lake Gold Mines Ltd (TSXV:WRLG) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

WRLGF:USA UJ0:Germany

Address

595 Burrard Street, Suite 3123, Toronto, ON, CAN, V7X 1J1

Website

https://www.westredlakegold.com

West Red Lake Gold Mines Ltd is engaged in the exploration and development of the West Red Lake Project located in the Red Lake Gold District of Northwestern Ontario, Canada.

Executives

Frank Giustra

10% Security Holder

West Red Lake Gold Mines (TSXV:WRLG) Headlines

No Headlines