Gatos Silver (TSX:GATO) Cash-to-Debt : 625.00 (As of Sep. 2024)

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What is Gatos Silver 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. Gatos Silver's cash to debt ratio for the quarter that ended in Sep. 2024 was 625.00.

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, Gatos Silver could pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

(1) 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.

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

TSX:GATO' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.19 Med: 139.39 Max: No Debt
Current: 624.24

During the past 12 years, Gatos Silver's highest Cash to Debt Ratio was No Debt. The lowest was 0.19. And the median was 139.39.

TSX:GATO's Cash-to-Debt is ranked better than
63.62% of 2606 companies
in the Metals & Mining industry
Industry Median: 17.89 vs TSX:GATO: 624.24

Gatos Silver Cash-to-Debt Historical Data

The historical data trend for Gatos Silver'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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Gatos Silver Cash-to-Debt Chart

Gatos Silver Annual Data

Trend

Dec10

Dec11

Dec12

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

0.52

1.96

No Debt

Gatos Silver 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															854.47	No Debt	276.94	378.04	625.00

Competitive Comparison of Gatos Silver's Cash-to-Debt

For the Other Precious Metals & Mining subindustry, Gatos Silver'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.

Gatos Silver's Cash-to-Debt Distribution in the Metals & Mining Industry

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

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

Gatos Silver 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.

Gatos Silver's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Gatos Silver had no debt ⁽¹⁾.

Gatos Silver'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)
	=	158.125	/	(0	+	0.253)
	=	625.00

Gatos Silver (TSX:GATO) 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.

Gatos Silver Cash-to-Debt Related Terms

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Gatos Silver Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Gatos Silver Inc (TSX:GATO) » Definitions » Cash-to-Debt

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GATO:USA

Address

925 West Georgia Street, Suite 910, Vancouver, BC, CAN, V6C 3L2

Website

https://www.gatossilver.com

Gatos Silver Inc is a development and exploration company. It is focused on the production of Cerro Los Gatos Mine and the further exploration and development of the Los Gatos District, both located in Chihuahua, Mexico. The Los Gatos District consists of 14 mineralized zones, including three identified silver-lead-zinc deposits: the Cerro Los Gatos Mine, the Esther deposit, and the Amapola deposit. The Company's reportable segments are based on the Company's mineral interests and management structure and include Mexico and Corporate segments. The Mexico segment engages in the exploration, development, and operation of the Company's Mexican mineral interests and includes the Company's investment in its LGJV.