Grand T G Gold Holdings (HKSE:08299) Cash-to-Debt : 0.04 (As of Sep. 2023)

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What is Grand T G Gold Holdings 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. Grand T G Gold Holdings's cash to debt ratio for the quarter that ended in Sep. 2023 was 0.04.

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, Grand T G Gold Holdings couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

The historical rank and industry rank for Grand T G Gold Holdings's Cash-to-Debt or its related term are showing as below:

HKSE:08299' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0.02 Max: 0.15
Current: 0.04

During the past 13 years, Grand T G Gold Holdings's highest Cash to Debt Ratio was 0.15. The lowest was 0.00. And the median was 0.02.

HKSE:08299's Cash-to-Debt is ranked worse than
94.58% of 2636 companies
in the Metals & Mining industry
Industry Median: 17.875 vs HKSE:08299: 0.04

Grand T G Gold Holdings Cash-to-Debt Historical Data

The historical data trend for Grand T G Gold Holdings'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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Grand T G Gold Holdings Cash-to-Debt Chart

Grand T G Gold Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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0.01

0.08

Grand T G Gold Holdings Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial															0.15	N/A	0.08	N/A	0.04

Competitive Comparison of Grand T G Gold Holdings's Cash-to-Debt

For the Gold subindustry, Grand T G Gold Holdings'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.

Grand T G Gold Holdings's Cash-to-Debt Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Grand T G Gold Holdings's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Grand T G Gold Holdings's Cash-to-Debt falls into.

Grand T G Gold Holdings 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.

Grand T G Gold Holdings's Cash to Debt Ratio for the fiscal year that ended in Mar. 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)
	=	24.641	/	(21.675	+	302.966)
	=	0.08

Grand T G Gold Holdings'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)
	=	18.572	/	(23.259	+	497.75)
	=	0.04

Grand T G Gold Holdings (HKSE:08299) 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.

Grand T G Gold Holdings Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Grand T G Gold Holdings's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Grand T G Gold Holdings (HKSE:08299) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Grand T G Gold Holdings Ltd (HKSE:08299) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

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Address

305-313 Queen’s Road Central, Roon A-B, 8th Floor, Centre Mark II, Sheung Wan, Hong Kong, HKG

Website

https://www.grandtg.com

Grand T G Gold Holdings Ltd is an investment holding company. Its subsidiaries are principally engaged in gold exploration, mining, mineral processing, the sale of gold concentrate, and related products. Its segments are Gold mining and Corporate. The group's operations are located in Hong Kong and other parts of the People's Republic of China whereas the principal markets for the group's products are mainly located in other parts of the People's Republic of China.

Grand T G Gold Holdings (HKSE:08299) Headlines

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