Galway Metals (Galway Metals) Cash-to-Debt : 35.13 (As of Sep. 2023)

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What is Galway Metals 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. Galway Metals's cash to debt ratio for the quarter that ended in Sep. 2023 was 35.13.

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, Galway Metals could pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

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

GAYMF' s Cash-to-Debt Range Over the Past 10 Years
Min: 20.86 Med: No Debt Max: No Debt
Current: 35.13

During the past 11 years, Galway Metals's highest Cash to Debt Ratio was No Debt. The lowest was 20.86. And the median was No Debt.

GAYMF's Cash-to-Debt is ranked better than
54.14% of 2636 companies
in the Metals & Mining industry
Industry Median: 17.92 vs GAYMF: 35.13

Galway Metals Cash-to-Debt Historical Data

The historical data trend for Galway Metals'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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Galway Metals Cash-to-Debt Chart

Galway Metals Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

41.52

29.03

Galway Metals Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial															55.40	38.66	29.03	20.87	35.13

Competitive Comparison of Galway Metals's Cash-to-Debt

For the Gold subindustry, Galway Metals'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.

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

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

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

Galway Metals 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.

Galway Metals's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 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)
	=	4.297	/	(0.051	+	0.097)
	=	29.03

Galway Metals's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	3.583	/	(0.052	+	0.05)
	=	35.13

Galway Metals (OTCPK:GAYMF) 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.

Galway Metals Cash-to-Debt Related Terms

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Galway Metals (Galway Metals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Galway Metals Inc (OTCPK:GAYMF) » Definitions » Cash-to-Debt

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Traded in Other Exchanges

GWM:Canada

Address

82 Richmond Street East, Suite 200, Toronto, ON, CAN, M5C 1P1

Website

https://www.galwaymetalsinc.com

Galway Metals Inc is an exploration-stage company. It is in the process of exploring for, and delineating resources at the Clarence Stream and Estrades gold projects, located in Canada's jurisdictions of New Brunswick and Quebec, respectively. The company's only operating segment is the acquisition, exploration, and development of mineral resource properties. It explores for gold at Clarence Stream and gold, silver, zinc, copper, and lead at Estrades.