HGGCF (Highway 50 Gold) Cash-to-Debt : 0.06 (As of Sep. 2024)

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What is Highway 50 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. Highway 50 Gold's cash to debt ratio for the quarter that ended in Sep. 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, Highway 50 Gold couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

The historical rank and industry rank for Highway 50 Gold's Cash-to-Debt or its related term are showing as below:

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

During the past 13 years, Highway 50 Gold's highest Cash to Debt Ratio was No Debt. The lowest was 0.06. And the median was No Debt.

HGGCF's Cash-to-Debt is ranked worse than
93.11% of 2570 companies
in the Metals & Mining industry
Industry Median: 20.81 vs HGGCF: 0.06

Highway 50 Gold Cash-to-Debt Historical Data

The historical data trend for Highway 50 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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Highway 50 Gold Cash-to-Debt Chart

Highway 50 Gold Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

0.40

1.57

0.66

0.36

Highway 50 Gold Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial															0.48	0.36	0.12	0.13	0.06

Competitive Comparison of Highway 50 Gold's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, Highway 50 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.

Highway 50 Gold's Cash-to-Debt Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Highway 50 Gold's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Highway 50 Gold's Cash-to-Debt falls into.

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Highway 50 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.

Highway 50 Gold's Cash to Debt Ratio for the fiscal year that ended in Dec. 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)
	=	0.107	/	(0.3	+	0)
	=	0.36

Highway 50 Gold's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	0.03	/	(0.492	+	0.032)
	=	0.06

Highway 50 Gold (OTCPK:HGGCF) 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.

Highway 50 Gold Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Highway 50 Gold's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Highway 50 Gold Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Highway 50 Gold Corp (OTCPK:HGGCF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

HWY:Canada

Address

200 Burrard Street, Suite 1570, Vancouver, BC, CAN, V6C 1S4

Website

https://www.highway50gold.com

Highway 50 Gold Corp is a mineral exploration company. It is engaged in the acquisition and exploration of assets and evaluation of mineral properties in British Columbia and Nevada, USA. It has Four projects Golden Brew; Porter Canyon, Knob, and Monroe.

Highway 50 Gold Headlines

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