XAU Resources (TSXV:GIG) Cash-to-Debt : No Debt ⁽¹⁾ (As of Jan. 2024)

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What is XAU 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. XAU Resources's cash to debt ratio for the quarter that ended in Jan. 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, XAU Resources could pay off its debt using the cash in hand for the quarter that ended in Jan. 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 XAU Resources's Cash-to-Debt or its related term are showing as below:

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

During the past 6 years, XAU Resources's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

TSXV:GIG's Cash-to-Debt is ranked better than
99.92% of 2647 companies
in the Metals & Mining industry
Industry Median: 18.37 vs TSXV:GIG: No Debt

XAU Resources Cash-to-Debt Historical Data

The historical data trend for XAU 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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XAU Resources Cash-to-Debt Chart

XAU Resources Annual Data

Trend

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Cash-to-Debt

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No Debt

XAU Resources Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of XAU Resources's Cash-to-Debt

For the Gold subindustry, XAU 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.

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

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

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

XAU 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.

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

XAU Resources had no debt ⁽¹⁾.

XAU Resources's Cash to Debt Ratio for the quarter that ended in Jan. 2024 is calculated as:

XAU Resources had no debt ⁽¹⁾.

XAU Resources (TSXV:GIG) 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.

XAU Resources Cash-to-Debt Related Terms

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

XAU Resources (TSXV:GIG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » XAU Resources Inc (TSXV:GIG) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

66 Wellington Street West, Suite 4100, P.O. Box 35, TD Bank Tower, Toronto, ON, CAN, M5K 1B7

Website

https://www.xauresources.com

XAU Resources Inc is a capital pool company. The principal business of the company is the identification and engagement in the business of acquiring, exploring and transacting in mineral exploration properties.