Golden Pursuit Resources (TSXV:GDP) Cash-to-Debt : No Debt ⁽¹⁾ (As of Jun. 2024)

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What is Golden Pursuit Resources 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. Golden Pursuit Resources's cash to debt ratio for the quarter that ended in Jun. 2024 was No Debt ⁽¹⁾.

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, Golden Pursuit Resources could pay off its debt using the cash in hand for the quarter that ended in Jun. 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 Golden Pursuit Resources's Cash-to-Debt or its related term are showing as below:

TSXV:GDP' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.05 Med: No Debt Max: No Debt
Current: No Debt

During the past 13 years, Golden Pursuit Resources's highest Cash to Debt Ratio was No Debt. The lowest was 0.05. And the median was No Debt.

TSXV:GDP's Cash-to-Debt is ranked better than
99.96% of 2605 companies
in the Metals & Mining industry
Industry Median: 17.97 vs TSXV:GDP: No Debt

Golden Pursuit Resources Cash-to-Debt Historical Data

The historical data trend for Golden Pursuit Resources'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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Golden Pursuit Resources Cash-to-Debt Chart

Golden Pursuit Resources Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Cash-to-Debt

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0.12

No Debt

Golden Pursuit Resources Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Golden Pursuit Resources's Cash-to-Debt

For the Other Precious Metals & Mining subindustry, Golden Pursuit Resources'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.

Golden Pursuit Resources's Cash-to-Debt Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Golden Pursuit Resources's Cash-to-Debt falls into.

Golden Pursuit Resources 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.

Golden Pursuit Resources's Cash to Debt Ratio for the fiscal year that ended in Sep. 2023 is calculated as:

Golden Pursuit Resources had no debt ⁽¹⁾.

Golden Pursuit Resources's Cash to Debt Ratio for the quarter that ended in Jun. 2024 is calculated as:

Golden Pursuit Resources had no debt ⁽¹⁾.

Golden Pursuit Resources (TSXV:GDP) 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.

Golden Pursuit Resources Cash-to-Debt Related Terms

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

Golden Pursuit Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Golden Pursuit Resources Ltd (TSXV:GDP) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

652 Millbank, Vancouver, BC, CAN, V5Z 4B7

Website

https://www.goldpursuit.ca

Golden Pursuit Resources Ltd is engaged in the acquisition, exploration, and development of mineral properties. It owns properties in Canada. Currently, it is focused on the Gordon Lake Property, located in Northwest Territories, Canada.

Executives