GoldMoney (TSX:XAU) Cash-to-Debt

: 0.35 (As of Dec. 2023)

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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. GoldMoney's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.35.

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, GoldMoney couldn't 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 GoldMoney's Cash-to-Debt or its related term are showing as below:

TSX:XAU' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.35 Med: 88.23 Max: No Debt
Current: 0.35

During the past 11 years, GoldMoney's highest Cash to Debt Ratio was No Debt. The lowest was 0.35. And the median was 88.23.

TSX:XAU's Cash-to-Debt is ranked worse than
77.69% of 789 companies
in the Capital Markets industry
Industry Median: 1.76 vs TSX:XAU: 0.35

GoldMoney Cash-to-Debt Historical Data

The historical data trend for GoldMoney'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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GoldMoney Annual Data

Trend

Sep13

Sep14

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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35.11

25.67

19.42

No Debt

GoldMoney 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															No Debt	No Debt	122.32	No Debt	0.35

Competitive Comparison

For the Capital Markets subindustry, GoldMoney'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.

GoldMoney Cash-to-Debt Distribution

For the Capital Markets industry and Financial Services sector, GoldMoney's Cash-to-Debt distribution charts can be found below:

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

GoldMoney 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.

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

GoldMoney had no debt ⁽¹⁾.

GoldMoney'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)
	=	14.876	/	(2.526	+	39.535)
	=	0.35

GoldMoney (TSX:XAU) 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.

GoldMoney Cash-to-Debt Related Terms

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GoldMoney (TSX:XAU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » GoldMoney Inc (TSX:XAU) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

XAUMF:USA 9BT0:Germany

Address

334 Adelaide Street West, Suite 307, Toronto, ON, CAN, M5V 1R4

Website

https://www.goldmoney.com

GoldMoney Inc is engaged in precious metal focused global business. It operates through subsidiaries and is engaged in precious metal sales to its clients, including arranging delivery and storage of precious metals for its clients, coin retailing, and lending. Goldmoney has a client base in more than a hundred countries and holds precious metal assets. The company's operating subsidiaries include Goldmoney.com and SchiffGold.com. In addition to the company's principal business segments, the company holds a significant interest in Mene Inc., which crafts pure 24-karat gold and platinum investment jewelry that is sold by gram weight. Through these businesses and other investment activities, the firm gains long-term exposure to precious metals.

GoldMoney (TSX:XAU) Headlines

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