GWSAF (Gowest Gold) Cash-to-Debt : 0.06 (As of Jul. 2024)

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What is Gowest 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. Gowest Gold's cash to debt ratio for the quarter that ended in Jul. 2024 was 0.06.

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, Gowest Gold couldn't pay off its debt using the cash in hand for the quarter that ended in Jul. 2024.

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

GWSAF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.27 Max: No Debt
Current: 0.06

During the past 13 years, Gowest Gold's highest Cash to Debt Ratio was No Debt. The lowest was 0.01. And the median was 0.27.

GWSAF's Cash-to-Debt is not ranked
in the Metals & Mining industry.
Industry Median: 21.225 vs GWSAF: 0.06

Gowest Gold Cash-to-Debt Historical Data

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

Gowest Gold Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Cash-to-Debt

Get a 7-Day Free Trial

0.02

0.04

0.49

0.66

Gowest Gold Quarterly Data
	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24
Cash-to-Debt	Get a 7-Day Free Trial															3.55	0.66	0.34	0.04	0.06

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

For the Gold subindustry, Gowest 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.

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

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

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

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Gowest 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.

Gowest Gold's Cash to Debt Ratio for the fiscal year that ended in Oct. 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)
	=	3.083	/	(1.208	+	3.468)
	=	0.66

Gowest Gold's Cash to Debt Ratio for the quarter that ended in Jul. 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)
	=	1.141	/	(3.787	+	16.915)
	=	0.06

Gowest Gold (OTCPK:GWSAF) 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.

Gowest Gold Cash-to-Debt Related Terms

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

Gowest Gold Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Gowest Gold Ltd (OTCPK:GWSAF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

80 Richmond Street West, Suite 1400, Toronto, ON, CAN, M5H 2A4

Website

https://www.gowestgold.com

Gowest Gold Ltd is engaged in the business of mining and exploring minerals. Its projects include The Bradshaw Project is located in the Frankfield property and also has interests in the Pipestone, Tully, and Whitney properties.

Gowest Gold Headlines

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