Golden Goliath Resources (FRA:GGZA) Cash-to-Debt : No Debt ⁽¹⁾ (As of Feb. 2024)

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What is Golden Goliath 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. Golden Goliath Resources's cash to debt ratio for the quarter that ended in Feb. 2024 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, Golden Goliath Resources could pay off its debt using the cash in hand for the quarter that ended in Feb. 2024.

(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 Golden Goliath Resources's Cash-to-Debt or its related term are showing as below:

FRA:GGZA' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.34 Med: No Debt Max: No Debt
Current: No Debt

During the past 13 years, Golden Goliath Resources's highest Cash to Debt Ratio was No Debt. The lowest was 0.34. And the median was No Debt.

FRA:GGZA's Cash-to-Debt is ranked better than
99.92% of 2645 companies
in the Metals & Mining industry
Industry Median: 18.37 vs FRA:GGZA: No Debt

Golden Goliath Resources Cash-to-Debt Historical Data

The historical data trend for Golden Goliath 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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Golden Goliath Resources Cash-to-Debt Chart

Golden Goliath Resources Annual Data

Trend

Aug14

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Cash-to-Debt

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No Debt

Golden Goliath Resources Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Golden Goliath Resources's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, Golden Goliath 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.

Golden Goliath Resources's Cash-to-Debt Distribution in the Metals & Mining Industry

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

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

Golden Goliath 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.

Golden Goliath Resources's Cash to Debt Ratio for the fiscal year that ended in Aug. 2023 is calculated as:

Golden Goliath Resources had no debt ⁽¹⁾.

Golden Goliath Resources's Cash to Debt Ratio for the quarter that ended in Feb. 2024 is calculated as:

Golden Goliath Resources had no debt ⁽¹⁾.

Golden Goliath Resources (FRA:GGZA) 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.

Golden Goliath Resources Cash-to-Debt Related Terms

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

Golden Goliath Resources (FRA:GGZA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Golden Goliath Resources Ltd (FRA:GGZA) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

GGTHF:USA GGZA:Germany GNG:Canada

Address

688 West Hastings Street, Suite 920, Vancouver, BC, CAN, V6B 1P1

Website

https://www.goldengoliath.com

Golden Goliath Resources Ltd is an exploration stage company. Its principal business activity is the acquisition and exploration of resource properties. It has properties in Ontario, Canada namely KWAI property and SLF property in the Red Lake District, the Wish Ore property in townships of Wishat and Palmer and in Mexico namely San Timoteo and NSR Royalties.

Golden Goliath Resources (FRA:GGZA) Headlines

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Golden Goliath Resources (FRA:GGZA) Cash-to-Debt : No Debt (1) (As of Feb. 2024)