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US Goldmining (US Goldmining) Cash-to-Debt : 84.45 (As of Nov. 2023)


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What is US Goldmining 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. US Goldmining's cash to debt ratio for the quarter that ended in Nov. 2023 was 84.45.

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, US Goldmining could pay off its debt using the cash in hand for the quarter that ended in Nov. 2023.

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

USGO' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01   Med: 0.05   Max: 84.45
Current: 84.45

During the past 4 years, US Goldmining's highest Cash to Debt Ratio was 84.45. The lowest was 0.01. And the median was 0.05.

USGO's Cash-to-Debt is ranked better than
58.99% of 2643 companies
in the Metals & Mining industry
Industry Median: 18.42 vs USGO: 84.45

US Goldmining Cash-to-Debt Historical Data

The historical data trend for US Goldmining'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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US Goldmining Cash-to-Debt Chart

US Goldmining Annual Data
Trend Nov20 Nov21 Nov22 Nov23
Cash-to-Debt
0.01 0.01 0.08 84.45

US Goldmining Quarterly Data
Nov20 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23
Cash-to-Debt Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.08 0.08 No Debt 87.76 84.45

Competitive Comparison of US Goldmining's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, US Goldmining'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.

US Goldmining's Cash-to-Debt Distribution in the Metals & Mining Industry

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

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


US Goldmining 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.

US Goldmining'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)
=11.401 / (0.017 + 0.118)
=84.45

US Goldmining's Cash to Debt Ratio for the quarter 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)
=11.401 / (0.017 + 0.118)
=84.45

* 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.

US Goldmining  (NAS:USGO) 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.

US Goldmining Cash-to-Debt Related Terms

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US Goldmining (US Goldmining) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » US Goldmining Inc (NAS:USGO) » Definitions » Cash-to-Debt
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Traded in Other Exchanges
Q0G:Germany
Address
1030 West Georgia Street, Suite 1830, Vancouver, BC, CAN, V6E 2Y3
Website
https://www.us.goldmining.com
US Goldmining Inc is a mineral exploration and development company. It is a focused on the exploration and development of a project located in Alaska, USA. The company's sole property is Whistler Project which is a gold-copper exploration project located in the Yentna Mining District, approximately 150 km northwest of Anchorage, Alaska.
Executives
Goldmining Inc. 10 percent owner 1188 WEST GEORGIA STREET, SUITE 1830, VANCOUVER A1 V6E 4A2
Aleksandra Bukacheva director 1030 WEST GEORGIA STREET, SUITE 1830, VANCOUVER, BC Z4 V6E 2Y3
Garnet Linn Dawson director 1030 WEST GEORGIA STREET, SUITE 1830, VANCOUVER, BC Z4 V6E 2Y3
Ross Lawrence Sherlock director 1030 WEST GEORGIA STREET, SUITE 1830, VANCOUVER, BC Z4 V6E 2Y3
Laura Schmidt director 1030 WEST GEORGIA STREET, SUITE 1830, VANCOUVER, BC Z4 V6E 2Y3
Alastair Charles Still director 1030 WEST GEORGIA STREET, SUITE 1830, VANCOUVER, BC Z4 V6E 2Y3
Timothy Robert Smith officer: Chief Executive Officer 1030 WEST GEORGIA STREET, SUITE 1830, VANCOUVER, BC Z4 V6E 2Y3
Lisa Jean Wade director 1030 WEST GEORGIA STREET, SUITE 1830, VANCOUVER, BC Z4 V6E 2Y3
Tyler Michael Wong officer: Chief Financial Officer 1030 WEST GEORGIA STREET, SUITE 1830, VANCOUVER, BC Z4 V6E 2Y3