GoldHaven Resources (XCNQ:GOH) Cash-to-Debt : No Debt ⁽¹⁾ (As of Apr. 2024)

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

XCNQ:GOH' s Cash-to-Debt Range Over the Past 10 Years
Min: 1 Med: 5015.9 Max: No Debt
Current: 1.2

During the past 5 years, GoldHaven Resources's highest Cash to Debt Ratio was No Debt. The lowest was 1.00. And the median was 5015.90.

XCNQ:GOH's Cash-to-Debt is ranked worse than
66.18% of 2652 companies
in the Metals & Mining industry
Industry Median: 17.74 vs XCNQ:GOH: 1.20

GoldHaven Resources Cash-to-Debt Historical Data

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

GoldHaven Resources Annual Data

Trend

Jul19

Jul20

Jul21

Jul22

Jul23

Cash-to-Debt

No Debt

13.18

21.08

No Debt

GoldHaven Resources Quarterly Data
	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24
Cash-to-Debt	Get a 7-Day Free Trial														2.47	No Debt	1.00	No Debt	No Debt

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

For the Other Industrial Metals & Mining subindustry, GoldHaven 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.

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

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

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

GoldHaven 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.

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

GoldHaven Resources had no debt ⁽¹⁾.

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

GoldHaven Resources had no debt ⁽¹⁾.

GoldHaven Resources (XCNQ:GOH) 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.

GoldHaven Resources Cash-to-Debt Related Terms

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

GoldHaven Resources (XCNQ:GOH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » GoldHaven Resources Corp (XCNQ:GOH) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

GHVNF:USA 4QS0:Germany

Address

200 Granville Street, Suite 2710, Vancouver, BC, CAN, V6C 1S4

Website

https://www.goldhavenresources.com

GoldHaven Resources Corp is a Canadian Junior exploration company engaged in the identification, acquisition, and exploration of mineral resources in Canada and Chile. The Company has two reportable geographical segments. Canada is the Company's principal operating business and includes its Adam West Project, Smoke Mountain Project, and Pat's Pond and O'Neill Projects, the Canadian corporate office, and the company's management while Chile includes the Rio Loa, Coya, and Apolo Projects.

Executives

W. Scott Dunbar

Director

GoldHaven Resources (XCNQ:GOH) Headlines

No Headlines

GoldHaven Resources (XCNQ:GOH) Cash-to-Debt : No Debt (1) (As of Apr. 2024)