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GOMRF (Geomega Resources) Cash-to-Debt : 0.51 (As of Aug. 2024)


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What is Geomega 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. Geomega Resources's cash to debt ratio for the quarter that ended in Aug. 2024 was 0.51.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Geomega Resources couldn't pay off its debt using the cash in hand for the quarter that ended in Aug. 2024.

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

GOMRF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.2   Med: 4.28   Max: No Debt
Current: 0.51

During the past 13 years, Geomega Resources's highest Cash to Debt Ratio was No Debt. The lowest was 0.20. And the median was 4.28.

GOMRF's Cash-to-Debt is ranked worse than
74.94% of 2606 companies
in the Metals & Mining industry
Industry Median: 17.89 vs GOMRF: 0.51

Geomega Resources Cash-to-Debt Historical Data

The historical data trend for Geomega 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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Geomega Resources Cash-to-Debt Chart

Geomega Resources Annual Data
Trend May15 May16 May17 May18 May19 May20 May21 May22 May23 May24
Cash-to-Debt
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.57 4.17 6.81 1.80 0.96

Geomega Resources Quarterly Data
Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24
Cash-to-Debt Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.42 1.10 1.39 0.96 0.51

Competitive Comparison of Geomega Resources's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, Geomega 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.


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

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

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



Geomega 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.

Geomega Resources's Cash to Debt Ratio for the fiscal year that ended in May. 2024 is calculated as:

Geomega Resources's Cash to Debt Ratio for the quarter that ended in Aug. 2024 is calculated as:

* 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.


Geomega Resources  (OTCPK:GOMRF) 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.


Geomega Resources Cash-to-Debt Related Terms

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


Geomega Resources Business Description

Traded in Other Exchanges
Address
75 Boulevard de Mortagne, Boucherville, QC, CAN, J4B 6Y4
Geomega Resources Inc is engaged in the acquisition, exploration, and evaluation of mining properties in Canada. It primarily explores for rare earth elements and niobium deposits. It holds an interest in Montviel property on the discovery and development of deposits of metals in Quebec. The Montviel property is located approximately 100 kilometers north of Lebel-sur-Quevillon and Buckingham property.