NRGOF (Pinnacle Silver and Gold) Cash-to-Debt : 3.47 (As of Jul. 2024)

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What is Pinnacle Silver and 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. Pinnacle Silver and Gold's cash to debt ratio for the quarter that ended in Jul. 2024 was 3.47.

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, Pinnacle Silver and Gold could pay off its debt using the cash in hand for the quarter that ended in Jul. 2024.

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

NRGOF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.32 Med: 16.52 Max: No Debt
Current: 3.49

During the past 13 years, Pinnacle Silver and Gold's highest Cash to Debt Ratio was No Debt. The lowest was 0.32. And the median was 16.52.

NRGOF's Cash-to-Debt is ranked worse than
59.82% of 2606 companies
in the Metals & Mining industry
Industry Median: 17.89 vs NRGOF: 3.49

Pinnacle Silver and Gold Cash-to-Debt Historical Data

The historical data trend for Pinnacle Silver and 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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Pinnacle Silver and Gold Cash-to-Debt Chart

Pinnacle Silver and Gold Annual Data

Trend

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Apr24

Cash-to-Debt

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55.07

73.32

4.69

8.03

1.72

Pinnacle Silver and 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															7.60	10.83	1.13	1.72	3.47

Competitive Comparison of Pinnacle Silver and Gold's Cash-to-Debt

For the Gold subindustry, Pinnacle Silver and 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.

Pinnacle Silver and Gold's Cash-to-Debt Distribution in the Metals & Mining Industry

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

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

Pinnacle Silver and 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.

Pinnacle Silver and Gold's Cash to Debt Ratio for the fiscal year that ended in Apr. 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)
	=	0.05	/	(0	+	0.029)
	=	1.72

Pinnacle Silver and 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)
	=	0.104	/	(0	+	0.03)
	=	3.47

Pinnacle Silver and Gold (OTCPK:NRGOF) 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.

Pinnacle Silver and Gold Cash-to-Debt Related Terms

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

Pinnacle Silver and Gold Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Pinnacle Silver and Gold Corp (OTCPK:NRGOF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

0V9B:UK P9J:Germany PINN:Canada

Address

750 West Pender Street, Suite 250, Vancouver, BC, CAN, V6C 2T7

Website

https://www.pinnaclesilverandgold.com

Pinnacle Silver and Gold Corp are focused on district-scale exploration for precious metals in the prolific Red Lake District of northwestern Ontario. The past-producing high-grade Argosy Gold Mine of the company is open to depth, while the adjacent North Birch Project offers additional blue-sky potential. The company is actively looking for other district-scale opportunities in the Americas, with a particular focus on silver and gold.

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