MGIDD (Magnum Goldcorp) Cash-to-Debt : 0.25 (As of Aug. 2024)

View and export this data going back to 2011. Start your Free Trial

What is Magnum Goldcorp 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. Magnum Goldcorp's cash to debt ratio for the quarter that ended in Aug. 2024 was 0.25.

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, Magnum Goldcorp 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 Magnum Goldcorp's Cash-to-Debt or its related term are showing as below:

MGIDD' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 3.03 Max: No Debt
Current: 0.2

During the past 13 years, Magnum Goldcorp's highest Cash to Debt Ratio was No Debt. The lowest was 0.01. And the median was 3.03.

MGIDD's Cash-to-Debt is ranked worse than
84.46% of 2606 companies
in the Metals & Mining industry
Industry Median: 17.89 vs MGIDD: 0.20

Magnum Goldcorp Cash-to-Debt Historical Data

The historical data trend for Magnum Goldcorp'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.

* Premium members only.

Magnum Goldcorp Cash-to-Debt Chart

Magnum Goldcorp Annual Data

Trend

May15

May16

May17

May18

May19

May20

May21

May22

May23

May24

Cash-to-Debt

Get a 7-Day Free Trial

0.01

No Debt

Magnum Goldcorp 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															No Debt	No Debt	No Debt	-	0.25

Competitive Comparison of Magnum Goldcorp's Cash-to-Debt

For the Gold subindustry, Magnum Goldcorp'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.

Magnum Goldcorp's Cash-to-Debt Distribution in the Metals & Mining Industry

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

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

Magnum Goldcorp 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.

Magnum Goldcorp's Cash to Debt Ratio for the fiscal year that ended in May. 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	/	(0.002	+	0)
	=	0.00

Magnum Goldcorp's Cash to Debt Ratio for the quarter that ended in Aug. 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)
	=	0.001	/	(0.004	+	0)
	=	0.25

Magnum Goldcorp (OTCPK:MGIDD) 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.

Magnum Goldcorp Cash-to-Debt Related Terms

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

Magnum Goldcorp Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Magnum Goldcorp Inc (OTCPK:MGIDD) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

1CJ:Germany MGI:Canada

Address

2489 Bellevue Avenue, West Vancouver, BC, CAN, V7V 1E1

Website

http://www.magnumgoldcorp.com

Magnum Goldcorp Inc is mainly engaged in the acquisition and exploration of mineral resource properties. The company holds an interest in LH Gold property located in the east of Slocan Mining Division of Southeastern British Columbia.

Magnum Goldcorp Headlines

No Headlines