GoldMining (GoldMining) Cash-to-Debt : 54.69 (As of Nov. 2023)

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What is GoldMining 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. GoldMining's cash to debt ratio for the quarter that ended in Nov. 2023 was 54.69.

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, GoldMining could pay off its debt using the cash in hand for the quarter that ended in Nov. 2023.

The historical rank and industry rank for GoldMining's Cash-to-Debt or its related term are showing as below:

GLDG' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.92 Med: No Debt Max: No Debt
Current: 54.66

During the past 13 years, GoldMining's highest Cash to Debt Ratio was No Debt. The lowest was 0.92. And the median was No Debt.

GLDG's Cash-to-Debt is ranked better than
56.53% of 2636 companies
in the Metals & Mining industry
Industry Median: 17.92 vs GLDG: 54.66

GoldMining Cash-to-Debt Historical Data

The historical data trend for GoldMining'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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GoldMining Cash-to-Debt Chart

GoldMining Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Cash-to-Debt

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No Debt

19.69

0.93

0.92

54.69

GoldMining Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Cash-to-Debt	Get a 7-Day Free Trial															0.92	1.12	5.74	45.70	54.69

Competitive Comparison of GoldMining's Cash-to-Debt

For the Gold subindustry, GoldMining'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.

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

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

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

GoldMining 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.

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

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	15.75	/	(0.048	+	0.24)
	=	54.69

GoldMining's Cash to Debt Ratio for the quarter that ended in Nov. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	15.75	/	(0.048	+	0.24)
	=	54.69

GoldMining (AMEX:GLDG) 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.

GoldMining Cash-to-Debt Related Terms

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GoldMining (GoldMining) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » GoldMining Inc (AMEX:GLDG) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

BSR:Germany GOLD:Canada

Address

1030 West Georgia Street, Suite 1830, Vancouver, BC, CAN, V6E 2Y3

Website

https://www.goldmining.com

GoldMining Inc is a mineral exploration company with a focus on the acquisition, exploration, and development of projects in Colombia, Brazil, the United States, Canada, and other regions of the Americas. The principal projects are its La Mina Gold project and its Titiribi Gold-Copper project, located in Colombia, Whistler GoldCopper Project, located in Alaska, United States, Sao Jorge Gold Project located in the State of Para, northeastern Brazil, and Yellowknife Gold Project, located in the Northwest Territories, Canada.