NuLegacy Gold (FRA:7NU) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is NuLegacy 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. NuLegacy Gold'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, NuLegacy Gold 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 NuLegacy Gold's Cash-to-Debt or its related term are showing as below:

FRA:7NU' s Cash-to-Debt Range Over the Past 10 Years
Min: No Debt Med: No Debt Max: No Debt
Current: No Debt

During the past 13 years, NuLegacy Gold's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

FRA:7NU's Cash-to-Debt is ranked better than
99.96% of 2652 companies
in the Metals & Mining industry
Industry Median: 17.74 vs FRA:7NU: No Debt

NuLegacy Gold Cash-to-Debt Historical Data

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

NuLegacy Gold Annual Data

Trend

Mar14

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Mar20

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Mar23

Cash-to-Debt

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No Debt

NuLegacy Gold Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	No Debt	No Debt	No Debt	No Debt

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

For the Gold subindustry, NuLegacy 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.

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

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

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

NuLegacy 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.

NuLegacy Gold's Cash to Debt Ratio for the fiscal year that ended in Mar. 2023 is calculated as:

NuLegacy Gold had no debt ⁽¹⁾.

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

NuLegacy Gold had no debt ⁽¹⁾.

NuLegacy Gold (FRA:7NU) 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.

NuLegacy Gold Cash-to-Debt Related Terms

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

NuLegacy Gold (FRA:7NU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » NuLegacy Gold Corp (FRA:7NU) » Definitions » Cash-to-Debt

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NULGF:USA NUG:Canada

Address

1055 West Hastings Street, Suite 300, Vancouver, BC, CAN, V6E 2E9

Website

https://www.nulegacygold.com

NuLegacy Gold Corp is an exploration company. It is engaged in the business of exploration, development, and extraction of gold and other precious metals. The company mainly operates its business activities from Nevada through its Red Hill property which is located on trend and adjacent to the three multi-million ounces Carlin-type gold deposits (the Pipeline, Cortez Hills, and Goldrush deposits) that are amongst Barrick Gold mines.

NuLegacy Gold (FRA:7NU) Headlines

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NuLegacy Gold (FRA:7NU) Cash-to-Debt : No Debt (1) (As of Dec. 2023)