Flynn Gold (ASX:FG1) Cash-to-Debt : 104.27 (As of Dec. 2023)

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What is Flynn 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. Flynn Gold's cash to debt ratio for the quarter that ended in Dec. 2023 was 104.27.

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

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

ASX:FG1' s Cash-to-Debt Range Over the Past 10 Years
Min: 54.3 Med: 101.08 Max: 104.27
Current: 104.27

During the past 3 years, Flynn Gold's highest Cash to Debt Ratio was 104.27. The lowest was 54.30. And the median was 101.08.

ASX:FG1's Cash-to-Debt is ranked better than
60.3% of 2650 companies
in the Metals & Mining industry
Industry Median: 17.81 vs ASX:FG1: 104.27

Flynn Gold Cash-to-Debt Historical Data

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

Flynn Gold Annual Data

Trend

Jun21

Jun22

Jun23

Cash-to-Debt

124.55

101.08

91.71

Flynn Gold Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	104.22	101.08	54.30	91.71	104.27

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

For the Gold subindustry, Flynn 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.

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

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

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

Flynn 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.

Flynn Gold's Cash to Debt Ratio for the fiscal year that ended in Jun. 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)
	=	3.76	/	(0.041	+	0)
	=	91.71

Flynn Gold's Cash to Debt Ratio for the quarter that ended in Dec. 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)
	=	1.564	/	(0.015	+	0)
	=	104.27

Flynn Gold (ASX:FG1) 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.

Flynn Gold Cash-to-Debt Related Terms

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Flynn Gold (ASX:FG1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Flynn Gold Ltd (ASX:FG1) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

96-100 Albert Road, Level 4, South Melbourne, VIC, AUS, 3205

Website

https://www.flynngold.com.au

Flynn Gold Ltd is a mineral exploration company targeting gold. The company has the Mt Dove project (Hemi South) and Shay Gap project in Western Australia, the Golden Ridge project, and the Portland project in Tasmania. The company operates in one segment, being an explorer of Gold.

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