Renegade Gold (Renegade Gold) Cash-to-Debt : 14.43 (As of Dec. 2023)

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What is Renegade 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. Renegade Gold's cash to debt ratio for the quarter that ended in Dec. 2023 was 14.43.

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, Renegade Gold could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

TGLDF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.22 Med: 14.44 Max: No Debt
Current: 14.44

During the past 13 years, Renegade Gold's highest Cash to Debt Ratio was No Debt. The lowest was 0.22. And the median was 14.44.

TGLDF's Cash-to-Debt is ranked worse than
51.86% of 2636 companies
in the Metals & Mining industry
Industry Median: 17.81 vs TGLDF: 14.44

Renegade Gold Cash-to-Debt Historical Data

The historical data trend for Renegade 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.

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Renegade Gold Cash-to-Debt Chart

Renegade Gold Annual Data

Trend

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Cash-to-Debt

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112.50

5.11

21.46

14.03

1.20

Renegade Gold Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															7.82	1.75	0.22	2.34	14.43

Competitive Comparison of Renegade Gold's Cash-to-Debt

For the Gold subindustry, Renegade 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.

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

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

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

Renegade 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.

Renegade Gold's Cash to Debt Ratio for the fiscal year that ended in Jun. 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)
	=	0.369	/	(0.048	+	0.259)
	=	1.20

Renegade Gold's Cash to Debt Ratio for the quarter that ended in Dec. 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)
	=	3.39	/	(0.028	+	0.207)
	=	14.43

Renegade Gold (OTCPK:TGLDF) 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.

Renegade Gold Cash-to-Debt Related Terms

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Renegade Gold (Renegade Gold) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

070:Germany RAGE:Canada

Address

200 Burrard Street, Suite 1680, Vancouver, BC, CAN, V6C 3L6

Website

https://www.renegadegold.com/investors/overview

Renegade Gold Inc formerly Trillium Gold Mines Inc is engaged in the exploration and development of gold deposits in the Red Lake district. Its projects include Leo property, Sidace, Gold Centre, Shining Tree, and Newman todd.