Lode Gold Resources (Lode Gold Resources) Cash-to-Debt : 0.31 (As of Mar. 2024)

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What is Lode Gold Resources 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. Lode Gold Resources's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.31.

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, Lode Gold Resources couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

SBMIF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: 0.73 Max: No Debt
Current: 0.31

During the past 13 years, Lode Gold Resources's highest Cash to Debt Ratio was No Debt. The lowest was 0.02. And the median was 0.73.

SBMIF's Cash-to-Debt is ranked worse than
79.74% of 2651 companies
in the Metals & Mining industry
Industry Median: 17.71 vs SBMIF: 0.31

Lode Gold Resources Cash-to-Debt Historical Data

The historical data trend for Lode Gold Resources'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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Lode Gold Resources Cash-to-Debt Chart

Lode Gold Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

1.09

0.37

0.02

Lode Gold Resources Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															0.14	0.03	0.09	0.02	0.31

Competitive Comparison of Lode Gold Resources's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, Lode Gold Resources'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.

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

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

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

Lode Gold Resources 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.

Lode Gold Resources'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)
	=	0.054	/	(0.373	+	2.188)
	=	0.02

Lode Gold Resources's Cash to Debt Ratio for the quarter that ended in Mar. 2024 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)
	=	0.737	/	(0	+	2.35)
	=	0.31

Lode Gold Resources (OTCPK:SBMIF) 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.

Lode Gold Resources Cash-to-Debt Related Terms

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

Lode Gold Resources (Lode Gold Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lode Gold Resources Inc (OTCPK:SBMIF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

LOD:Canada

Address

100 King Street West, Suite 5700, Toronto, ON, CAN, M5X 1C7

Website

https://www.stratabound.com

Lode Gold Resources Inc formerly Stratabound Minerals Corp is a mineral exploration and development company with its advanced-stage Fremont Gold Project in the Mother Lode Gold Belt of California. The Project features an NI 43-101 Mineral Resource estimate of 1.16M ounces at an average grade of 1.90 g/t Au in the Indicated plus 2.02M ounces at an average grade of 2.22 g/t Au in the Inferred Mineral Resource classifications encompassing two historic high-grade U/G gold mines. Also, Fremont hosts three other undeveloped gold occurrences across 4 km of strike along the prolific Mother Lode Gold Belt. The company is also advancing its other early-stage gold projects: Golden Culvert, YT, McIntyre Brook, NB, and Dingman, ON gold projects.

Lode Gold Resources (Lode Gold Resources) Headlines

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