Victoria Gold (TSX:VGCX) Cash-to-Debt : 0.11 (As of Dec. 2023)

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What is Victoria 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. Victoria Gold's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.11.

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, Victoria Gold couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

TSX:VGCX' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.1 Med: 5000.11 Max: No Debt
Current: 0.11

During the past 13 years, Victoria Gold's highest Cash to Debt Ratio was No Debt. The lowest was 0.10. And the median was 5000.11.

TSX:VGCX's Cash-to-Debt is ranked worse than
89.67% of 2634 companies
in the Metals & Mining industry
Industry Median: 17.92 vs TSX:VGCX: 0.11

Victoria Gold Cash-to-Debt Historical Data

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

Victoria Gold Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.10

0.23

0.20

0.13

0.11

Victoria Gold Quarterly Data
	Feb19	May19	Aug19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															0.13	0.13	0.15	0.11	0.11

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

For the Gold subindustry, Victoria 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.

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

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

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

Victoria 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.

Victoria Gold's Cash to Debt Ratio for the fiscal year 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)
	=	26.749	/	(46.692	+	192.954)
	=	0.11

Victoria 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)
	=	26.749	/	(46.692	+	192.954)
	=	0.11

Victoria Gold (TSX:VGCX) 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.

Victoria Gold Cash-to-Debt Related Terms

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

Victoria Gold (TSX:VGCX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Victoria Gold Corp (TSX:VGCX) » Definitions » Cash-to-Debt

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VITFF:USA VI9A:Germany

Address

80 Richmond Street West, Suite 204, Toronto, ON, CAN, M5H 2A4

Website

https://www.vitgoldcorp.com

Victoria Gold Corp is engaged in the acquisition, evaluation, and exploration of mineral properties. Its mining project includes The Eagle Gold Project in Yukon Canada. Eagle is an open pit, heap leach operation located approximately 375 kilometers north of the capital city of Whitehorse. The exploration potential of the company's 100% owned greater Dublin Gulch property is good and includes priority targets Olive-Shamrock and Nugget-Raven.

Victoria Gold (TSX:VGCX) Headlines

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