Fury Gold Mines (TSX:FURY) Cash-to-Debt : 44.72 (As of Sep. 2023)

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What is Fury Gold Mines 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. Fury Gold Mines's cash to debt ratio for the quarter that ended in Sep. 2023 was 44.72.

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, Fury Gold Mines could pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

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

TSX:FURY' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.34 Med: No Debt Max: No Debt
Current: 37.19

During the past 13 years, Fury Gold Mines's highest Cash to Debt Ratio was No Debt. The lowest was 0.34. And the median was No Debt.

TSX:FURY's Cash-to-Debt is ranked better than
54.37% of 2643 companies
in the Metals & Mining industry
Industry Median: 18.42 vs TSX:FURY: 37.19

Fury Gold Mines Cash-to-Debt Historical Data

The historical data trend for Fury Gold Mines'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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Fury Gold Mines Cash-to-Debt Chart

Fury Gold Mines Annual Data

Trend

Jun14

Jun15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.34

72.73

8.38

28.14

37.19

Fury Gold Mines 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															28.14	52.91	54.27	44.72	37.19

Competitive Comparison of Fury Gold Mines's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, Fury Gold Mines'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.

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

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

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

Fury Gold Mines 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.

Fury Gold Mines's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 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)
	=	10.891	/	(0.16	+	0.227)
	=	28.14

Fury Gold Mines's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	11.761	/	(0.154	+	0.109)
	=	44.72

Fury Gold Mines (TSX:FURY) 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.

Fury Gold Mines Cash-to-Debt Related Terms

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Fury Gold Mines (TSX:FURY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Fury Gold Mines Ltd (TSX:FURY) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

FURY:USA AUN1:Germany

Address

1630-1177 West Hastings Street, Vancouver, BC, CAN, V6E 2K3

Website

https://www.furygoldmines.com

Fury Gold Mines Ltd is a Canadian-focused exploration and development company strategically positioned in three prolific mining regions: James Bay, Quebec; the Golden Triangle, British Columbia; and the Kitikmeot Region Nunavut. Its projects include Eau Claire, Homestake Ridge, Committee Bay, Eleonore South JV, and Gibson MacQuoid.

Executives

Forrester Clark

Director