Gold Digger Resources (XCNQ:GDIG) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is Gold Digger 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. Gold Digger Resources'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, Gold Digger Resources 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 Gold Digger Resources's Cash-to-Debt or its related term are showing as below:

XCNQ:GDIG' s Cash-to-Debt Range Over the Past 10 Years
Min: No Debt Med: No Debt Max: No Debt
Current: No Debt

During the past 3 years, Gold Digger Resources's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

XCNQ:GDIG's Cash-to-Debt is ranked better than
99.92% of 2645 companies
in the Metals & Mining industry
Industry Median: 18.37 vs XCNQ:GDIG: No Debt

Gold Digger Resources Cash-to-Debt Historical Data

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

Gold Digger Resources Annual Data

Trend

Dec21

Dec22

Dec23

Cash-to-Debt

No Debt

Gold Digger Resources Quarterly Data
	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 Gold Digger Resources's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, Gold Digger 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.

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

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

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

Gold Digger 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.

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

Gold Digger Resources had no debt ⁽¹⁾.

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

Gold Digger Resources had no debt ⁽¹⁾.

Gold Digger Resources (XCNQ:GDIG) 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.

Gold Digger Resources Cash-to-Debt Related Terms

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

Gold Digger Resources (XCNQ:GDIG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Gold Digger Resources Inc (XCNQ:GDIG) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

GDIGF:USA

Address

595 Howe Street, 10th Floor, Vancouver, BC, CAN, V6C 2T5

Website

https://www.gdresourcesinc.com

Gold Digger Resources Inc is a mineral resource exploration and exploitation company with a concentration in battery and precious metals. The company's material property is the Regnault Project, consisting of approximately 71 contiguous mineral claims covering an area of approximately 23,678 Ha located north-northeast of Chibougamau in the Province of Quebec.

Executives

Blair Lawrence Naughty

10% Security Holder

Gold Digger Resources (XCNQ:GDIG) Headlines

No Headlines

Gold Digger Resources (XCNQ:GDIG) Cash-to-Debt : No Debt (1) (As of Dec. 2023)