Western Gold Resources (ASX:WGR) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is Western Gold Resources 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. Western Gold Resources's cash to debt ratio for the quarter that ended in Dec. 2023 was No Debt ⁽¹⁾.

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

(1) 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.

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

ASX:WGR' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.07 Med: 5000.75 Max: No Debt
Current: 1.5

During the past 4 years, Western Gold Resources's highest Cash to Debt Ratio was No Debt. The lowest was 0.07. And the median was 5000.75.

ASX:WGR's Cash-to-Debt is ranked worse than
65.39% of 2606 companies
in the Metals & Mining industry
Industry Median: 17.89 vs ASX:WGR: 1.50

Western Gold Resources Cash-to-Debt Historical Data

The historical data trend for Western Gold Resources'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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Western Gold Resources Cash-to-Debt Chart

Western Gold Resources Annual Data

Trend

Jun21

Jun22

Jun23

Jun24

Cash-to-Debt

0.07

No Debt

1.50

Western Gold Resources Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Cash-to-Debt	Get a 7-Day Free Trial			No Debt	No Debt	No Debt	No Debt	1.50

Competitive Comparison of Western Gold Resources's Cash-to-Debt

For the Gold subindustry, Western Gold Resources'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.

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

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

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

Western Gold Resources 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.

Western Gold Resources's Cash to Debt Ratio for the fiscal year that ended in Jun. 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)
	=	0.751	/	(0.5	+	0)
	=	1.50

Western Gold Resources's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Western Gold Resources had no debt ⁽¹⁾.

Western Gold Resources (ASX:WGR) 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.

Western Gold Resources Cash-to-Debt Related Terms

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

Western Gold Resources Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

46 Colin Street, Level 4, West Perth, Perth, WA, AUS, 6005

Website

https://www.westerngoldresources.com.au

Western Gold Resources Ltd focuses on the exploration of gold properties in Western Australia and West Africa. The company intends to explore the Wiluna West Gold Project located near the town of Wiluna in the Midwest region of Western Australia.

Western Gold Resources Headlines

No Headlines

Western Gold Resources (ASX:WGR) Cash-to-Debt : No Debt (1) (As of Dec. 2023)