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Greenheart Gold (TSXV:GHRT) Cash-to-Debt : No Debt (1) (As of Sep. 2024)


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What is Greenheart 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. Greenheart Gold's cash to debt ratio for the quarter that ended in Sep. 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, Greenheart Gold 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 Greenheart Gold's Cash-to-Debt or its related term are showing as below:

TSXV:GHRT's Cash-to-Debt is not ranked *
in the Metals & Mining industry.
Industry Median: 17.97
* Ranked among companies with meaningful Cash-to-Debt only.

Greenheart Gold Cash-to-Debt Historical Data

The historical data trend for Greenheart 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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Greenheart Gold Cash-to-Debt Chart

Greenheart Gold Annual Data
Trend
Cash-to-Debt

Greenheart Gold Quarterly Data
Sep24
Cash-to-Debt No Debt

Competitive Comparison of Greenheart Gold's Cash-to-Debt

For the Gold subindustry, Greenheart 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.

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

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

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


Greenheart 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.

Greenheart Gold's Cash to Debt Ratio for the fiscal year that ended in . 20 is calculated as:

Do not have enough data to calculate Cash to Debt ratio.

Greenheart Gold's Cash to Debt Ratio for the quarter that ended in Sep. 2024 is calculated as:

Greenheart Gold had no debt (1).

* 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.

Greenheart Gold  (TSXV:GHRT) 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.

Greenheart Gold Cash-to-Debt Related Terms

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Greenheart Gold Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Greenheart Gold Inc (TSXV:GHRT) » Definitions » Cash-to-Debt
Comparable Companies
Traded in Other Exchanges
N/A
Address
c/o Stikeman Elliott LLP, 199 Bay Street, 5300 Commerce Court West, Toronto, ON, CAN, M5L 1B9
Website
https://www.greenheartgold.com
Greenheart Gold Inc is an exploration company that continues to build on a proven legacy of mineral resource discoveries in the Guiana Shield, a geologic terrain that is host to numerous gold deposits. The Company believes that this region is relatively under-explored and remains highly prospective for orogenic gold deposits. Greenheart Gold is focused on the jurisdictions of Guyana and Suriname, both having strong track records of successful mine development and supportive governments, in addition to highly prospective geology. The Company's principal project is the Majorodam Project in Suriname.

Greenheart Gold Headlines

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