Magellan Gold (Magellan Gold) Cash-to-Debt : 0.00 (As of Dec. 2023)

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What is Magellan 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. Magellan Gold's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.00.

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

During the past 13 years, Magellan Gold's highest Cash to Debt Ratio was 0.06. The lowest was 0.00. And the median was 0.03.

MAGE's Cash-to-Debt is not ranked ^*
in the Metals & Mining industry.
Industry Median: 18.395
* Ranked among companies with meaningful Cash-to-Debt only.

Magellan Gold Cash-to-Debt Historical Data

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

Magellan Gold Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.02

Magellan Gold 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															-	0.03	-	0.02	-

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

For the Other Precious Metals & Mining subindustry, Magellan 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.

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

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

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

Magellan 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.

Magellan 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)
	=	0	/	(0.869	+	0)
	=	0.00

Magellan 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)
	=	0	/	(0.869	+	0)
	=	0.00

Magellan Gold (OTCPK:MAGE) 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.

Magellan Gold Cash-to-Debt Related Terms

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Magellan Gold (Magellan Gold) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Magellan Gold Corp (OTCPK:MAGE) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

602 Cedar Street, Suite 205, Wallace, ID, USA, 83873

Website

https://www.magellangoldcorp.com

Magellan Gold Corp is focused on the exploration and development of precious metals in North America. Magellan's flagship project is The Center Star Gold Mine in Idaho.

Executives

Frank Pastornia	officer: COO	C/O 500 MARQUETTE AVE., STE. 1200, ALBUQUERQUE NM 87102
John D Gibbs	10 percent owner	16 E STREET SOUTHWEST, ARDMORE OK 73402
Power John C /ca/	director, 10 percent owner, officer: President/Secretary
Dennis Bell	10 percent owner	47 LISLE ST., MT. CLAREMONT C3 6010
Michael Paul Martinez	officer: CFO/Secretary/Treasurer	13612 EMBUDO CT., NE, ALBUQUERQUE NM 87112
W Pierce Carson	officer: President of Gulf & Western In	7239 N EL MIRAGR ROAD, GLENDALE AZ 86307