Headwater Gold (XCNQ:HWG) Cash-to-Debt : 17.30 (As of Nov. 2023)

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What is Headwater 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. Headwater Gold's cash to debt ratio for the quarter that ended in Nov. 2023 was 17.30.

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, Headwater Gold could pay off its debt using the cash in hand for the quarter that ended in Nov. 2023.

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

XCNQ:HWG' s Cash-to-Debt Range Over the Past 10 Years
Min: 11.34 Med: 18.67 Max: No Debt
Current: 17.3

During the past 4 years, Headwater Gold's highest Cash to Debt Ratio was No Debt. The lowest was 11.34. And the median was 18.67.

XCNQ:HWG's Cash-to-Debt is ranked worse than
50.7% of 2643 companies
in the Metals & Mining industry
Industry Median: 18.42 vs XCNQ:HWG: 17.30

Headwater Gold Cash-to-Debt Historical Data

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

Headwater Gold Annual Data

Trend

Feb20

Feb21

Feb22

Feb23

Cash-to-Debt

No Debt

18.67

12.98

Headwater Gold Quarterly Data
	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Cash-to-Debt	Get a 7-Day Free Trial											12.25	12.98	29.50	32.39	17.30

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

For the Gold subindustry, Headwater 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.

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

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

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

Headwater 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.

Headwater Gold's Cash to Debt Ratio for the fiscal year that ended in Feb. 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)
	=	4.349	/	(0.142	+	0.193)
	=	12.98

Headwater Gold's Cash to Debt Ratio for the quarter that ended in Nov. 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)
	=	7.7	/	(0.18	+	0.265)
	=	17.30

Headwater Gold (XCNQ:HWG) 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.

Headwater Gold Cash-to-Debt Related Terms

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Headwater Gold (XCNQ:HWG) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

HWAUF:USA

Address

1130 West Pender Street, Suite 1210, Vancouver, BC, CAN, V6E 4A4

Website

https://www.headwatergold.com

Headwater Gold Inc is a mineral exploration company focused on exploring high-grade precious metal deposits in the Western USA. The company has projects in Nevada and Idaho - Oregon. The Company has one operating segment, the exploration of mineral properties. Geographically, it operates in The United States and Canada.

Executives

Caleb Stroup

Director, Senior Officer

Headwater Gold (XCNQ:HWG) Headlines

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