Golden Lake Exploration (XCNQ:GLM) Cash-to-Debt : No Debt ⁽¹⁾ (As of Feb. 2024)

View and export this data going back to 2019. Start your Free Trial

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

XCNQ:GLM' 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, Golden Lake Exploration's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

XCNQ:GLM's Cash-to-Debt is ranked better than
99.96% of 2651 companies
in the Metals & Mining industry
Industry Median: 17.71 vs XCNQ:GLM: No Debt

Golden Lake Exploration Cash-to-Debt Historical Data

The historical data trend for Golden Lake Exploration'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.

* Premium members only.

Golden Lake Exploration Cash-to-Debt Chart

Golden Lake Exploration Annual Data

Trend

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

Golden Lake Exploration 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															No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Golden Lake Exploration's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, Golden Lake Exploration'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 Lake Exploration's Cash-to-Debt Distribution in the Metals & Mining Industry

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

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

Golden Lake Exploration 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 Lake Exploration's Cash to Debt Ratio for the fiscal year that ended in Nov. 2023 is calculated as:

Golden Lake Exploration had no debt ⁽¹⁾.

Golden Lake Exploration's Cash to Debt Ratio for the quarter that ended in Feb. 2024 is calculated as:

Golden Lake Exploration had no debt ⁽¹⁾.

Golden Lake Exploration (XCNQ:GLM) 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 Lake Exploration Cash-to-Debt Related Terms

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

Golden Lake Exploration (XCNQ:GLM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Golden Lake Exploration Inc (XCNQ:GLM) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

GOLXF:USA

Address

789 West Pender Street, Suite 1240, Vancouver, BC, CAN, V6C 1H2

Website

https://www.goldenlakex.com

Golden Lake Exploration Inc is a Canada-based company engaged in the acquisition and exploration of mineral property assets. It holds interests in the projects of Jewel Ridge Project, Copperview Project, and Conglin Creek Copper Project, among others.

Executives

Michael Bruno John Franz England

Director, Senior Officer

Golden Lake Exploration (XCNQ:GLM) Headlines

No Headlines

Golden Lake Exploration (XCNQ:GLM) Cash-to-Debt : No Debt (1) (As of Feb. 2024)