Goldcliff Resource (TSXV:GCN) Cash-to-Debt : 0.27 (As of Jan. 2024)

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What is Goldcliff Resource 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. Goldcliff Resource's cash to debt ratio for the quarter that ended in Jan. 2024 was 0.27.

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, Goldcliff Resource couldn't pay off its debt using the cash in hand for the quarter that ended in Jan. 2024.

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

TSXV:GCN' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.03 Med: No Debt Max: No Debt
Current: 0.27

During the past 13 years, Goldcliff Resource's highest Cash to Debt Ratio was No Debt. The lowest was 0.03. And the median was No Debt.

TSXV:GCN's Cash-to-Debt is ranked worse than
82.25% of 2636 companies
in the Metals & Mining industry
Industry Median: 17.875 vs TSXV:GCN: 0.27

Goldcliff Resource Cash-to-Debt Historical Data

The historical data trend for Goldcliff Resource'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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Goldcliff Resource Cash-to-Debt Chart

Goldcliff Resource Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

1.18

0.37

Goldcliff Resource Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Cash-to-Debt	Get a 7-Day Free Trial															1.03	1.07	0.87	0.37	0.27

Competitive Comparison of Goldcliff Resource's Cash-to-Debt

For the Gold subindustry, Goldcliff Resource'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.

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

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

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

Goldcliff Resource 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.

Goldcliff Resource's Cash to Debt Ratio for the fiscal year 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)
	=	0.064	/	(0.175	+	0)
	=	0.37

Goldcliff Resource's Cash to Debt Ratio for the quarter that ended in Jan. 2024 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)
	=	0.07	/	(0.26	+	0)
	=	0.27

Goldcliff Resource (TSXV:GCN) 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.

Goldcliff Resource Cash-to-Debt Related Terms

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

Goldcliff Resource (TSXV:GCN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Goldcliff Resource Corp (TSXV:GCN) » Definitions » Cash-to-Debt

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Traded in Other Exchanges

GCFFF:USA

Address

789 West Pender Street, Suite 400, Vancouver, BC, CAN, V6C 1H2

Website

http://www.goldcliff.com

Goldcliff Resource Corp is a mine development company based in Canada. The company is engaged in the acquisition, exploration, evaluation, and development of mineral assets in the United States and Canada. The company owns an interest in the Panorama Ridge gold project, Pine Grove project, Ainsworth Silver property, Rand Property, Kettle Valley Property, and Aurora West Property.

Goldcliff Resource (TSXV:GCN) Headlines

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