First Mining Gold (LTS:0P07) Cash-to-Debt : 54.00 (As of Sep. 2024)

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What is First Mining 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. First Mining Gold's cash to debt ratio for the quarter that ended in Sep. 2024 was 54.00.

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, First Mining Gold could pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

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

LTS:0P07' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.37 Med: 54 Max: No Debt
Current: 54

During the past 13 years, First Mining Gold's highest Cash to Debt Ratio was No Debt. The lowest was 0.37. And the median was 54.00.

LTS:0P07's Cash-to-Debt is ranked better than
56.31% of 2605 companies
in the Metals & Mining industry
Industry Median: 17.97 vs LTS:0P07: 54.00

First Mining Gold Cash-to-Debt Historical Data

The historical data trend for First Mining 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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First Mining Gold Cash-to-Debt Chart

First Mining Gold Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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11.85

85.43

97.06

43.63

72.52

First Mining 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															32.43	72.52	24.04	45.25	54.00

Competitive Comparison of First Mining Gold's Cash-to-Debt

For the Gold subindustry, First Mining 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.

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

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

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

First Mining 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.

First Mining 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)
	=	12.474	/	(0.158	+	0.014)
	=	72.52

First Mining 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)
	=	13.823	/	(0.064	+	0.192)
	=	54.00

First Mining Gold (LTS:0P07) 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.

First Mining Gold Cash-to-Debt Related Terms

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First Mining Gold Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » First Mining Gold Corp (LTS:0P07) » Definitions » Cash-to-Debt

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Address

1188 West Georgia Street, Suite 2070, Vancouver, BC, CAN, V6E 4A2

Website

https://www.firstmininggold.com

First Mining Gold Corp is engaged in the acquisition, exploration, development, and selective disposition of its North American mineral properties. It is engaged in advancing a portfolio of gold projects in Canada, with the project being the Springpole Gold Project in northwestern Ontario. The company also holds an equity position in Treasury Metals which is advancing the Goliath Gold Complex toward construction. Its portfolio of gold projects in eastern Canada also includes Hope Brook, Cameron, Duparquet, Duquesne, and Pitt gold projects. In addition, the Company holds an interest in the PC Gold legal entity which holds the Pickle Crow gold project.

First Mining Gold Headlines

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