Jubilee Gold Exploration (TSXV:JUB) Cash-to-Debt : 46.33 (As of Dec. 2023)

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What is Jubilee Gold Exploration 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. Jubilee Gold Exploration's cash to debt ratio for the quarter that ended in Dec. 2023 was 46.33.

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, Jubilee Gold Exploration could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

TSXV:JUB' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.47 Med: 1.93 Max: No Debt
Current: 46.33

During the past 13 years, Jubilee Gold Exploration's highest Cash to Debt Ratio was No Debt. The lowest was 0.47. And the median was 1.93.

TSXV:JUB's Cash-to-Debt is ranked better than
55.39% of 2636 companies
in the Metals & Mining industry
Industry Median: 17.875 vs TSXV:JUB: 46.33

Jubilee Gold Exploration Cash-to-Debt Historical Data

The historical data trend for Jubilee Gold Exploration'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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Jubilee Gold Exploration Cash-to-Debt Chart

Jubilee Gold Exploration Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.47

1.79

1.37

30.96

46.33

Jubilee Gold Exploration Quarterly Data
	Mar19	Jun19	Sep19	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															30.96	42.34	30.62	29.29	46.33

Competitive Comparison of Jubilee Gold Exploration's Cash-to-Debt

For the Gold subindustry, Jubilee Gold Exploration'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.

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

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

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

Jubilee Gold Exploration 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.

Jubilee Gold Exploration'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)
	=	5.976	/	(0.095	+	0.034)
	=	46.33

Jubilee Gold Exploration'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)
	=	5.976	/	(0.095	+	0.034)
	=	46.33

Jubilee Gold Exploration (TSXV:JUB) 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.

Jubilee Gold Exploration Cash-to-Debt Related Terms

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

Jubilee Gold Exploration (TSXV:JUB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Jubilee Gold Exploration Ltd (TSXV:JUB) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

696 Warden Avenue, Toronto, ON, CAN, M1L 4W4

Website

Jubilee Gold Exploration Ltd is a Canadian-based mineral exploration company. The company is engaged in the business of exploring resource properties in Canada. It primarily explores gold deposits. Its properties include Brenbar Gold Property, Casummit Lake Property, McGarry Royalty, Birney Lake Property, and Others.

Jubilee Gold Exploration (TSXV:JUB) Headlines

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