Westward Gold (XCNQ:WG) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is Westward 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. Westward Gold's cash to debt ratio for the quarter that ended in Dec. 2023 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, Westward Gold could 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 Westward Gold's Cash-to-Debt or its related term are showing as below:

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

During the past 6 years, Westward Gold's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

XCNQ:WG's Cash-to-Debt is ranked better than
99.92% of 2647 companies
in the Metals & Mining industry
Industry Median: 18.37 vs XCNQ:WG: No Debt

Westward Gold Cash-to-Debt Historical Data

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

Westward Gold Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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No Debt

Westward Gold Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	No Debt	No Debt	No Debt	No Debt

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

For the Gold subindustry, Westward 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.

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

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

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

Westward 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.

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

Westward Gold had no debt ⁽¹⁾.

Westward Gold's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Westward Gold had no debt ⁽¹⁾.

Westward Gold (XCNQ:WG) 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.

Westward Gold Cash-to-Debt Related Terms

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

Westward Gold (XCNQ:WG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Westward Gold Inc (XCNQ:WG) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

WGLIF:USA IM50:Germany

Address

1055 West Georgia Street, Suite 1500, Vancouver, BC, CAN, V6E 4N7

Website

https://www.westwardgold.com

Westward Gold Inc is a mineral exploration company focused on developing the Toiyabe and Turquoise Canyon Projects located in the Cortez Hills area of Lander County, Nevada. It is also advancing the Mulloy Project in Northern Ontario.

Executives

Colin Moore

Director, Senior Officer

Westward Gold (XCNQ:WG) Headlines

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Westward Gold (XCNQ:WG) Cash-to-Debt : No Debt (1) (As of Dec. 2023)