Engineer Gold Mines (TSXV:EAU) Cash-to-Debt : 0.02 (As of Feb. 2024)

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What is Engineer Gold Mines 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. Engineer Gold Mines's cash to debt ratio for the quarter that ended in Feb. 2024 was 0.02.

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, Engineer Gold Mines couldn't pay off its debt using the cash in hand for the quarter that ended in Feb. 2024.

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

TSXV:EAU' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 2.86 Max: No Debt
Current: 0.02

During the past 6 years, Engineer Gold Mines's highest Cash to Debt Ratio was No Debt. The lowest was 0.01. And the median was 2.86.

TSXV:EAU's Cash-to-Debt is ranked worse than
96.1% of 2642 companies
in the Metals & Mining industry
Industry Median: 18.42 vs TSXV:EAU: 0.02

Engineer Gold Mines Cash-to-Debt Historical Data

The historical data trend for Engineer Gold Mines'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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Engineer Gold Mines Cash-to-Debt Chart

Engineer Gold Mines Annual Data

Trend

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

0.20

3.77

1.08

0.02

Engineer Gold Mines Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Cash-to-Debt	Get a 7-Day Free Trial															0.50	0.01	0.01	0.02	0.02

Competitive Comparison of Engineer Gold Mines's Cash-to-Debt

For the Gold subindustry, Engineer Gold Mines'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.

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

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

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

Engineer Gold Mines 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.

Engineer Gold Mines's Cash to Debt Ratio for the fiscal year that ended in Nov. 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)
	=	0.002	/	(0.11	+	0)
	=	0.02

Engineer Gold Mines's Cash to Debt Ratio for the quarter that ended in Feb. 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)
	=	0.002	/	(0.11	+	0)
	=	0.02

Engineer Gold Mines (TSXV:EAU) 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.

Engineer Gold Mines Cash-to-Debt Related Terms

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

Engineer Gold Mines (TSXV:EAU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Engineer Gold Mines Ltd (TSXV:EAU) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

9EG0:Germany

Address

750 West Pender Street, Suite 804, Vancouver, BC, CAN, V6C 2T7

Website

https://www.engineergoldmines.com

Engineer Gold Mines Ltd is an exploration-stage junior mining company. The firm is engaged in exploring and developing Engineer gold mine property situated in British Colombia.

Executives

James Frances Gerard Callaghan

10% Security Holder

Engineer Gold Mines (TSXV:EAU) Headlines

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