Nevada Exploration (TSXV:NGE) Cash-to-Debt : 0.70 (As of Jan. 2024)

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What is Nevada Exploration 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. Nevada Exploration's cash to debt ratio for the quarter that ended in Jan. 2024 was 0.70.

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, Nevada Exploration couldn't pay off its debt using the cash in hand for the quarter that ended in Jan. 2024.

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

TSXV:NGE' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.04 Med: 59.68 Max: No Debt
Current: 0.7

During the past 13 years, Nevada Exploration's highest Cash to Debt Ratio was No Debt. The lowest was 0.04. And the median was 59.68.

TSXV:NGE's Cash-to-Debt is ranked worse than
72.53% of 2636 companies
in the Metals & Mining industry
Industry Median: 17.875 vs TSXV:NGE: 0.70

Nevada Exploration Cash-to-Debt Historical Data

The historical data trend for Nevada Exploration'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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Nevada Exploration Cash-to-Debt Chart

Nevada Exploration Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

0.04

Nevada Exploration Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Cash-to-Debt	Get a 7-Day Free Trial															0.16	0.04	0.21	No Debt	0.70

Competitive Comparison of Nevada Exploration's Cash-to-Debt

For the Gold subindustry, Nevada Exploration'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.

Nevada Exploration's Cash-to-Debt Distribution in the Metals & Mining Industry

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

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

Nevada Exploration 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.

Nevada Exploration's Cash to Debt Ratio for the fiscal year that ended in Apr. 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)
	=	0.011	/	(0.258	+	0)
	=	0.04

Nevada Exploration's Cash to Debt Ratio for the quarter that ended in Jan. 2024 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)
	=	0.07	/	(0.1	+	0)
	=	0.70

Nevada Exploration (TSXV:NGE) 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.

Nevada Exploration Cash-to-Debt Related Terms

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

Nevada Exploration (TSXV:NGE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Nevada Exploration Inc (TSXV:NGE) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

NVDEF:USA 28N0:Germany

Address

885 West Georgia Street, Suite 1400, Vancouver, BC, CAN, V6C 3E8

Website

https://www.nevadaexploration.com

Nevada Exploration Inc is in the business of acquiring and exploring mineral properties. The company's project includes South Grass Valley, Grass Valley, Kelly Creek, Awakening. It has a presence in the United States and Canada.

Nevada Exploration (TSXV:NGE) Headlines

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