Northstar Gold (XCNQ:NSG) Cash-to-Debt : No Debt ⁽¹⁾ (As of Jan. 2024)

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What is Northstar 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. Northstar Gold's cash to debt ratio for the quarter that ended in Jan. 2024 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, Northstar Gold could pay off its debt using the cash in hand for the quarter that ended in Jan. 2024.

(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 Northstar Gold's Cash-to-Debt or its related term are showing as below:

XCNQ:NSG' s Cash-to-Debt Range Over the Past 10 Years
Min: 2.38 Med: 21.03 Max: No Debt
Current: 4.18

During the past 4 years, Northstar Gold's highest Cash to Debt Ratio was No Debt. The lowest was 2.38. And the median was 21.03.

XCNQ:NSG's Cash-to-Debt is ranked worse than
59.42% of 2634 companies
in the Metals & Mining industry
Industry Median: 17.81 vs XCNQ:NSG: 4.18

Northstar Gold Cash-to-Debt Historical Data

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

Northstar Gold Annual Data

Trend

Apr19

Apr20

Apr21

Apr22

Cash-to-Debt

No Debt

21.03

11.82

Northstar Gold Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Jul23	Oct23	Jan24
Cash-to-Debt	Get a 7-Day Free Trial															4.77	11.25	2.38	3.58	No Debt

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

For the Gold subindustry, Northstar 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.

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

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

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

Northstar 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.

Northstar Gold's Cash to Debt Ratio for the fiscal year that ended in Apr. 2022 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)
	=	0.709	/	(0.06	+	0)
	=	11.82

Northstar Gold's Cash to Debt Ratio for the quarter that ended in Jan. 2024 is calculated as:

Northstar Gold had no debt ⁽¹⁾.

Northstar Gold (XCNQ:NSG) 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.

Northstar Gold Cash-to-Debt Related Terms

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

Northstar Gold (XCNQ:NSG) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

NSGCF:USA 3WV:Germany

Address

17 Wellington Street North, Box 2529, New Liskeard, ON, CAN, P0J 1P0

Website

https://www.northstargoldcorp.com

Northstar Gold Corp is engaged in the exploration, development, and acquisition of quality exploration properties in the prolific Abitibi Greenstone Belt. The company's flagship property is the 100% owned Miller Gold Property, situated southeast of Kirkland Lake and Kirkland Lake Gold's Macassa SMC gold mine. The company's projects include Boston Creek - Miller Project, Bryce Project, Temagami-Milestone and Rosegrove.

Executives

John William Pollock

Director

Northstar Gold (XCNQ:NSG) Headlines

No Headlines

Northstar Gold (XCNQ:NSG) Cash-to-Debt : No Debt (1) (As of Jan. 2024)