RTG Mining (TSX:RTG) Cash-to-Debt : 5.39 (As of Dec. 2023)

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What is RTG Mining 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. RTG Mining's cash to debt ratio for the quarter that ended in Dec. 2023 was 5.39.

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, RTG Mining could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

TSX:RTG' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.33 Med: 5.89 Max: No Debt
Current: 5.39

During the past 13 years, RTG Mining's highest Cash to Debt Ratio was No Debt. The lowest was 1.33. And the median was 5.89.

TSX:RTG's Cash-to-Debt is ranked worse than
57.81% of 2593 companies
in the Metals & Mining industry
Industry Median: 17.79 vs TSX:RTG: 5.39

RTG Mining Cash-to-Debt Historical Data

The historical data trend for RTG Mining'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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RTG Mining Cash-to-Debt Chart

RTG Mining Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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1.33

3.43

6.39

1.40

5.39

RTG Mining Semi-Annual Data
	Jun11	Jun12	Jun13	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22	Dec23
Cash-to-Debt	Get a 7-Day Free Trial								1.33	3.43	6.39	1.40	5.39

Competitive Comparison of RTG Mining's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, RTG Mining'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.

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

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

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

RTG Mining 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.

RTG Mining'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)
	=	5.856	/	(0.149	+	0.938)
	=	5.39

RTG Mining's Cash to Debt Ratio for the quarter 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)
	=	5.856	/	(0.149	+	0.938)
	=	5.39

RTG Mining (TSX:RTG) 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.

RTG Mining Cash-to-Debt Related Terms

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RTG Mining Business Description

Industry

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

Comparable Companies

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RTG:Australia

Address

516 Hay Street, Level 1, Subiaco, WA, AUS, 6008

Website

https://www.rtgmining.com

RTG Mining Inc is into the mining and exploration business. It is focused on high-grade, low operating cost gold projects. Some of its minor exploration and evaluation assets are held in Africa, all of the company's other assets are located in the Philippines. The organization's principal asset and focus are the Mabilo Project located in Camarines Norte Province, Eastern Luzon, Philippines. The company's other projects include The Bunawan project and the Nalesbitan Project.

Executives

Richard Charles Hains

10% Security Holder

RTG Mining Headlines

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