Omai Gold Mines (TSXV:OMG) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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

TSXV:OMG' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.03 Med: 12.07 Max: No Debt
Current: No Debt

During the past 5 years, Omai Gold Mines's highest Cash to Debt Ratio was No Debt. The lowest was 0.03. And the median was 12.07.

TSXV:OMG's Cash-to-Debt is ranked better than
99.92% of 2643 companies
in the Metals & Mining industry
Industry Median: 18.42 vs TSXV:OMG: No Debt

Omai Gold Mines Cash-to-Debt Historical Data

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

Omai Gold Mines Annual Data

Trend

Sep19

Sep20

Dec21

Dec22

Dec23

Cash-to-Debt

0.03

0.17

12.07

No Debt

Omai Gold Mines Quarterly Data
	Sep19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial										No Debt	No Debt	No Debt	No Debt	No Debt

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

For the Gold subindustry, Omai 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.

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

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

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

Omai 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.

Omai Gold Mines's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Omai Gold Mines had no debt ⁽¹⁾.

Omai Gold Mines's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Omai Gold Mines had no debt ⁽¹⁾.

Omai Gold Mines (TSXV:OMG) 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.

Omai Gold Mines Cash-to-Debt Related Terms

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Omai Gold Mines (TSXV:OMG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Omai Gold Mines Corp (TSXV:OMG) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

OMGGF:USA 0N2:Germany

Address

130 King Street West, Suite 3680, Toronto, ON, CAN, M5X 1B1

Website

https://www.omaigoldmines.com

Omai Gold Mines Corp is a mineral exploration company. Its Omai gold mine is located in Guyana, on the North coast of South America. The mine has two open pits: the Fennell pit and the Wenot pit. Its other project is Grenfell Property.

Executives

Derek Macpherson

Director