Minaurum Gold (TSXV:MGG) Cash-to-Debt : No Debt ⁽¹⁾ (As of Oct. 2023)

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What is Minaurum 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. Minaurum Gold's cash to debt ratio for the quarter that ended in Oct. 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, Minaurum Gold could pay off its debt using the cash in hand for the quarter that ended in Oct. 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 Minaurum Gold's Cash-to-Debt or its related term are showing as below:

TSXV:MGG' s Cash-to-Debt Range Over the Past 10 Years
Min: 82.1 Med: No Debt Max: No Debt
Current: No Debt

During the past 13 years, Minaurum Gold's highest Cash to Debt Ratio was No Debt. The lowest was 82.10. And the median was No Debt.

TSXV:MGG's Cash-to-Debt is ranked better than
99.92% of 2636 companies
in the Metals & Mining industry
Industry Median: 17.81 vs TSXV:MGG: No Debt

Minaurum Gold Cash-to-Debt Historical Data

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

Minaurum Gold Annual Data

Trend

Apr13

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

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Apr21

Apr22

Cash-to-Debt

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No Debt

Minaurum Gold Quarterly Data
	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Jul23	Oct23
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	No Debt	No Debt	No Debt	No Debt

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

For the Gold subindustry, Minaurum 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.

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

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

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

Minaurum 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.

Minaurum Gold's Cash to Debt Ratio for the fiscal year that ended in Apr. 2022 is calculated as:

Minaurum Gold had no debt ⁽¹⁾.

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

Minaurum Gold had no debt ⁽¹⁾.

Minaurum Gold (TSXV:MGG) 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.

Minaurum Gold Cash-to-Debt Related Terms

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

Minaurum Gold (TSXV:MGG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Minaurum Gold Inc (TSXV:MGG) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

MMRGF:USA 78M:Germany

Address

200 Granville Street, Suite 2710, Vancouver, BC, CAN, V6C 1S4

Website

https://www.minaurum.com

Minaurum Gold Inc is a regional explorer focusing on the exploration and development of high-grade gold and silver projects in the Southern Sonora State, Oaxaca-Chiapas region and Guerrero Gold Belt. It holds interest in Taviche Project, Alamos (Quintera) Project, Santa Marta Project, Vuelcos del Destino Property, Adelita Property, and Aurena Property. The Company operates in one segment the acquisition and exploration of exploration and evaluation assets. It operates in Mexico and the United States.

Minaurum Gold (TSXV:MGG) Headlines

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Minaurum Gold (TSXV:MGG) Cash-to-Debt : No Debt (1) (As of Oct. 2023)