Nevada Canyon Gold (Nevada Canyon Gold) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

View and export this data going back to 2015. Start your Free Trial

What is Nevada Canyon 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. Nevada Canyon Gold's cash to debt ratio for the quarter that ended in Dec. 2023 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, Nevada Canyon Gold could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

(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 Nevada Canyon Gold's Cash-to-Debt or its related term are showing as below:

NGLD' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.06 Med: 39.41 Max: No Debt
Current: No Debt

During the past 10 years, Nevada Canyon Gold's highest Cash to Debt Ratio was No Debt. The lowest was 0.06. And the median was 39.41.

NGLD's Cash-to-Debt is ranked better than
99.92% of 2636 companies
in the Metals & Mining industry
Industry Median: 17.81 vs NGLD: No Debt

Nevada Canyon Gold Cash-to-Debt Historical Data

The historical data trend for Nevada Canyon 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.

* Premium members only.

Nevada Canyon Gold Cash-to-Debt Chart

Nevada Canyon Gold Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

22.94

55.88

3.29

1,007.00

No Debt

Nevada Canyon Gold Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															1,007.00	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Nevada Canyon Gold's Cash-to-Debt

For the Gold subindustry, Nevada Canyon 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.

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

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

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

Nevada Canyon 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.

Nevada Canyon Gold's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Nevada Canyon Gold had no debt ⁽¹⁾.

Nevada Canyon Gold's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Nevada Canyon Gold had no debt ⁽¹⁾.

Nevada Canyon Gold (OTCPK:NGLD) 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.

Nevada Canyon Gold Cash-to-Debt Related Terms

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

Nevada Canyon Gold (Nevada Canyon Gold) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Nevada Canyon Gold Corp (OTCPK:NGLD) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

316 California Avenue, Suite 543, Reno, NV, USA, 89509

Website

https://www.nevadacanyongold.com

Nevada Canyon Gold Corp is a junior precious metals exploration company. The company holds an interest in the Nevada and the Lazy Claims Property located within the Walker Lane shear zone, Loman Property located in Mineral County, Nevada, Agai-Pah Property located in the northwestern portion of the Gillis Range, within the Buckley Mining District, Belshazzar Property, Swales Property, Olinghouse Project and Palmetto Project.

Executives

Jeffrey Cocks	director, 10 percent owner, officer: President/CEO/CFO	118 8TH AVE. NW, CALGARY A0 T2M 0A4
Alan Day	director	5655 RIGGINS COURT,, STE 15, RENO NV 89502
Ryan Mcmillan	officer: VP of Operations	32565-B GOLDEN LANTERN ST. #500, DANA POINT CA 92629
Robert Frank List	director	1120 NORTH TOWN CENTER DRIVE,, STE. 200, LAS VEGAS NV 89144
Bcim Management, Lp	10 percent owner	207 E. OHIO ST., SUITE 400, CHICAGO IL 60611
Michael S Levine	director, 10 percent owner	201 SANTA MONICA BLVD, STE 200, SANTA MONICA CA 90401