Gander Gold (XCNQ:GAND) Cash-to-Debt : 0.08 (As of Dec. 2023)

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What is Gander 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. Gander Gold's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.08.

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, Gander Gold couldn't 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 Gander Gold's Cash-to-Debt or its related term are showing as below:

XCNQ:GAND' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.08 Med: 144.85 Max: No Debt
Current: 0.08

During the past 3 years, Gander Gold's highest Cash to Debt Ratio was No Debt. The lowest was 0.08. And the median was 144.85.

XCNQ:GAND's Cash-to-Debt is ranked worse than
91.11% of 2642 companies
in the Metals & Mining industry
Industry Median: 18.42 vs XCNQ:GAND: 0.08

Gander Gold Cash-to-Debt Historical Data

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

Gander Gold Annual Data

Trend

Jun21

Jun22

Jun23

Cash-to-Debt

1.67

No Debt

Gander Gold Quarterly Data
	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial					124.18	92.24	No Debt	1.16	0.08

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

For the Gold subindustry, Gander 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.

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

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

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

Gander 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.

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

Gander Gold had no debt ⁽¹⁾.

Gander 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)
	=	0.039	/	(0.51	+	0)
	=	0.08

Gander Gold (XCNQ:GAND) 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.

Gander Gold Cash-to-Debt Related Terms

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Gander Gold (XCNQ:GAND) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Gander Gold Corp (XCNQ:GAND) » Definitions » Cash-to-Debt

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Traded in Other Exchanges

GANDF:USA

Address

1681 Chestnut Street, Suite 400, Vancouver, BC, CAN, V6J 4M6

Website

https://www.gandergold.com

Gander Gold Corp is an exploration stage resource company engaged in the identification, acquisition, and exploration of precious and base metals projects in Canada. Its focus is the prospective ground in the Central Newfoundland Gold Belt, on Canada's Atlantic coast. The company's projects in Newfoundland include Gander North, Mt. Peyton, Cape Ray II, BLT, Carmanville Gander South, Hermitage, and Little River.

Gander Gold (XCNQ:GAND) Headlines

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