Goldflare Exploration (Goldflare Exploration) Cash-to-Debt : 1.89 (As of Nov. 2023)

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What is Goldflare Exploration 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. Goldflare Exploration's cash to debt ratio for the quarter that ended in Nov. 2023 was 1.89.

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, Goldflare Exploration could pay off its debt using the cash in hand for the quarter that ended in Nov. 2023.

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

TYPFF' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.39 Med: No Debt Max: No Debt
Current: 1.88

During the past 13 years, Goldflare Exploration's highest Cash to Debt Ratio was No Debt. The lowest was 1.39. And the median was No Debt.

TYPFF's Cash-to-Debt is ranked worse than
64.19% of 2636 companies
in the Metals & Mining industry
Industry Median: 17.875 vs TYPFF: 1.88

Goldflare Exploration Cash-to-Debt Historical Data

The historical data trend for Goldflare Exploration'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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Goldflare Exploration Cash-to-Debt Chart

Goldflare Exploration Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

3.43

7.04

5.60

3.21

Goldflare Exploration Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Cash-to-Debt	Get a 7-Day Free Trial															5.10	3.21	2.94	1.38	1.89

Competitive Comparison of Goldflare Exploration's Cash-to-Debt

For the Gold subindustry, Goldflare Exploration'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.

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

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

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

Goldflare Exploration 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.

Goldflare Exploration's Cash to Debt Ratio for the fiscal year that ended in Feb. 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)
	=	0.398	/	(0.017	+	0.107)
	=	3.21

Goldflare Exploration's Cash to Debt Ratio for the quarter that ended in Nov. 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)
	=	0.215	/	(0.009	+	0.105)
	=	1.89

Goldflare Exploration (OTCPK:TYPFF) 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.

Goldflare Exploration Cash-to-Debt Related Terms

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Goldflare Exploration (Goldflare Exploration) Business Description

Industry

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

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GOFL:Canada

Address

458, des Laurentides Boulevard, Piedmont, QC, CAN, J0R 1K0

Website

https://www.goldflare.ca

Goldflare Exploration Inc is a mineral exploration company that owns a diversified portfolio of properties. The company is the sole owner of the Aiguebelle-Goldfields, Ranger, Windfall, and Syenite Condor Properties; and it holds 50% of the Destorbelle Property. All of its properties are located in Quebec.