Visible Gold Mines (Visible Gold Mines) Cash-to-Debt : 0.34 (As of Jan. 2024)

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What is Visible 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. Visible Gold Mines's cash to debt ratio for the quarter that ended in Jan. 2024 was 0.34.

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, Visible Gold Mines couldn't pay off its debt using the cash in hand for the quarter that ended in Jan. 2024.

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

VGMIF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.24 Med: No Debt Max: No Debt
Current: 0.34

During the past 13 years, Visible Gold Mines's highest Cash to Debt Ratio was No Debt. The lowest was 0.24. And the median was No Debt.

VGMIF's Cash-to-Debt is ranked worse than
78.52% of 2649 companies
in the Metals & Mining industry
Industry Median: 17.59 vs VGMIF: 0.34

Visible Gold Mines Cash-to-Debt Historical Data

The historical data trend for Visible 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.

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Visible Gold Mines Cash-to-Debt Chart

Visible Gold Mines Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

0.25

Visible Gold Mines 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															No Debt	No Debt	0.25	0.95	0.34

Competitive Comparison of Visible Gold Mines's Cash-to-Debt

For the Gold subindustry, Visible 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.

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

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

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

Visible 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.

Visible Gold Mines's Cash to Debt Ratio for the fiscal year that ended in Jul. 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)
	=	0.017	/	(0.012	+	0.057)
	=	0.25

Visible Gold Mines's Cash to Debt Ratio for the quarter that ended in Jan. 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)
	=	0.021	/	(0.012	+	0.05)
	=	0.34

Visible Gold Mines (OTCPK:VGMIF) 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.

Visible Gold Mines Cash-to-Debt Related Terms

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Visible Gold Mines (Visible Gold Mines) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Visible Gold Mines Inc (OTCPK:VGMIF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

3V41:Germany VGD:Canada

Address

147 Quebec Avenue (porte arriere), Rouyn-Noranda, QC, CAN, J9X 6M8

Website

https://www.visiblegoldmines.com

Visible Gold Mines Inc is engaged in the acquisition and exploration of mineral properties with prospects for hosting gold mineral deposits in Canada. The company has a single reporting segment. Its properties include CarLi Project, Piko Property, NataLi Project, Veronik, Piko, Horsefly, Hazeur and others.

Visible Gold Mines (Visible Gold Mines) Headlines

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