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Toogood GoldTGGCF +5.03%15 Cash Ratio is 15.07 as of May. 2026, which is 21% above its 10-year median of 12.44. GuruFocus rates TGGCF with a GF Score™ of 15/100. Among 2,576 Metals & Mining companies, Toogood Gold ranks better than 86.49% on this metric.
The cash ratio is more conservative than other liquidity ratios, such as Quick Ratio and Current Ratio, because it only considers a company's most liquid resources. The numerator of cash ratio only considers Cash, Cash Equivalents and marketable securities. Other current assets, such as accounts receivable and inventories, are not included. The rationale is that these assets may require time to be transformed into cash, and the amount of money received is also uncertain.
The cash ratio shows a company’s ability to pay all current liabilities immediately without selling or liquidating other assets. Generally speaking, a higher cash ratio suggests the company has a stronger ability to cover its short-term debt. However, a high cash ratio could also indicate inefficient management: the company is inefficient in making full utilization of cash to invest protential profitable project. It may also suggest that the company is not confident about future profitability.
In general, the higher the cash ratio, the better the company's liquidity position.
Toogood Gold Cash Ratio Related Terms
Toogood Gold Cash Ratio Historical Data
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The historical data trend for Toogood Gold's Cash Ratio 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.
For the Gold subindustry, Toogood Gold's Cash Ratio, along with its competitors' market caps and Cash Ratio 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.
Toogood Gold Cash Ratio vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Toogood Gold's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Toogood Gold's Cash Ratio falls into.
* 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.
Toogood Gold (TGGCF) has a Cash Ratio of 15.07 as of May. 2026. Cashflow ratio is the ratio of Cash, Cash Equivalents, Marketable Securities to current liabilities. View historical data on Toogood Gold and its competitors. This is 21% above median its historical median of 12.44. Over the past decade, Toogood Gold's Cash Ratio has ranged from 0.94 to 15.09. According to the industry distribution chart, Toogood Gold ranks #348 out of 2576 companies in the Metals & Mining industry, placing it in the top 13.5%.
Is Toogood Gold's Cash Ratio too high?
Toogood Gold's current Cash Ratio of 15.07 is 21% above median its 10-year median of 12.44. Over the past 10 years, this metric has ranged from a low of 0.94 to a high of 15.09. The Metals & Mining industry median Cash Ratio is 1.85. Toogood Gold's value of 15.07 is 716.8% above this industry median. Based on the distribution chart, Toogood Gold ranks #348 out of 2576 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Toogood Gold has a GF Score™ of 15/100, reflecting its overall financial health beyond just this single metric.
How does Toogood Gold's Cash Ratio compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Toogood Gold ranks #348 out of 2576 companies for Cash Ratio. This places Toogood Gold in the top 14% of its industry — outperforming the majority of peers. The industry median Cash Ratio is 1.85. Toogood Gold's value of 15.07 is 716.8% above this benchmark. Historically, Toogood Gold's own Cash Ratio has ranged from 0.94 to 15.09 over the past decade. While the company's 10-year median is 12.44 vs. the industry median of 1.85, Toogood Gold has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cash Ratio for a Metals & Mining company?
The median Cash Ratio among Metals & Mining companies is 1.85, based on 2,576 companies in the industry. Companies in the top quartile (top 25%) have a Cash Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cash Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Toogood Gold's current Cash Ratio of 15.07 is 716.8% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cash Ratio mean?
A high Cash Ratio can signal that a stock is expensive relative to its fundamentals. Cashflow ratio is the ratio of Cash, Cash Equivalents, Marketable Securities to current liabilities. View historical data on Toogood Gold and its competitors. For the Metals & Mining industry, the median Cash Ratio is 1.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Toogood Gold's current Cash Ratio is 15.07, which is 21% above median its own 10-year median of 12.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Toogood Gold stock overvalued right now?
Toogood Gold (TGGCF) has a current Cash Ratio of 15.07. The current Cash Ratio is 15.07, which is 21% above median its 10-year median of 12.44 and 716.8% above the Metals & Mining industry median of 1.85. Toogood Gold's overall GF Score™ is 15/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cash Ratio calculated?
Cash Ratio is calculated from a company's financial statements. For Toogood Gold (TGGCF), the current Cash Ratio is 15.07 as of May. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Toogood Gold Corp is a Canadian exploration company focused on the discovery and development of high-grade gold deposits in Newfoundland, Canada. Its projects include the Toogood Gold Project.
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