Gold Mountain Mining (TSX:GMTN) Cash-to-Debt : 0.05 (As of Oct. 2023)

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What is Gold Mountain Mining 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. Gold Mountain Mining's cash to debt ratio for the quarter that ended in Oct. 2023 was 0.05.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Gold Mountain Mining couldn't pay off its debt using the cash in hand for the quarter that ended in Oct. 2023.

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

TSX:GMTN' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.05 Med: 1.12 Max: No Debt
Current: 0.05

During the past 5 years, Gold Mountain Mining's highest Cash to Debt Ratio was No Debt. The lowest was 0.05. And the median was 1.12.

TSX:GMTN's Cash-to-Debt is ranked worse than
93.63% of 2636 companies
in the Metals & Mining industry
Industry Median: 17.92 vs TSX:GMTN: 0.05

Gold Mountain Mining Cash-to-Debt Historical Data

The historical data trend for Gold Mountain Mining'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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Gold Mountain Mining Cash-to-Debt Chart

Gold Mountain Mining Annual Data

Trend

Jan19

Jan20

Jan21

Jan22

Jan23

Cash-to-Debt

No Debt

0.06

0.36

0.47

1.06

Gold Mountain Mining Quarterly Data
	Jan19	Jan20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
Cash-to-Debt	Get a 7-Day Free Trial									1.79	1.06	0.83	0.92	0.05

Competitive Comparison of Gold Mountain Mining's Cash-to-Debt

For the Gold subindustry, Gold Mountain Mining'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.

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

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

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

Gold Mountain Mining 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.

Gold Mountain Mining's Cash to Debt Ratio for the fiscal year that ended in Jan. 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)
	=	3.203	/	(2.975	+	0.041)
	=	1.06

Gold Mountain Mining's Cash to Debt Ratio for the quarter that ended in Oct. 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)
	=	0.072	/	(0.254	+	1.158)
	=	0.05

Gold Mountain Mining (TSX:GMTN) 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.

Gold Mountain Mining Cash-to-Debt Related Terms

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Gold Mountain Mining (TSX:GMTN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Gold Mountain Mining Corp (TSX:GMTN) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

GMTNF:USA 5XFA:Germany

Address

1285 West Pender Street, Suite 1000, Vancouver, BC, CAN, V6E 4B1

Website

https://www.gold-mountain.ca

Gold Mountain Mining Corp is a gold and silver exploration and development company. It focuses on the expansion of the resource at the Elk Gold Project, a past-producing mine located 57 km from Merritt in South Central British Columbia. It operates in a single segment, being the production of crushed ore and mineral exploration and development of resources.

Gold Mountain Mining (TSX:GMTN) Headlines

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