GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Gold Terra Resource Corp (TSXV:YGT) » Definitions » Financial Strength

Gold Terra Resource (TSXV:YGT) Financial Strength : 0 (As of Sep. 2024)


View and export this data going back to 2008. Start your Free Trial

What is Gold Terra Resource Financial Strength?

Gold Terra Resource has the Financial Strength Rank of 0.

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors:

1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.
2. Debt to revenue ratio. The lower, the better.
3. Altman Z-Score.

Gold Terra Resource has no long-term debt (1). As of today, Gold Terra Resource's Altman Z-Score is 0.00.

(1) Note: An indication of "no long-term debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.


Competitive Comparison of Gold Terra Resource's Financial Strength

For the Gold subindustry, Gold Terra Resource's Financial Strength, along with its competitors' market caps and Financial Strength 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 Terra Resource's Financial Strength Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Gold Terra Resource's Financial Strength distribution charts can be found below:

* The bar in red indicates where Gold Terra Resource's Financial Strength falls into.



Gold Terra Resource Financial Strength Calculation

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:

Gold Terra Resource's Interest Expense for the months ended in Sep. 2024 was C$0.00 Mil. Its Operating Income for the months ended in Sep. 2024 was C$-0.35 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was C$0.00 Mil.

Gold Terra Resource's Interest Coverage for the quarter that ended in Sep. 2024 is

Gold Terra Resource had no long-term debt (1).

The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Gold Terra Resource Corp has no debt.

2. Debt to revenue ratio. The lower, the better.

Gold Terra Resource's Debt to Revenue Ratio for the quarter that ended in Sep. 2024 is

Debt to Revenue Ratio=Total Debt (Q: Sep. 2024 ) / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(0 + 0) / 0
=N/A

3. Altman Z-Score.

Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.

The zones of discrimination were as such:

When Z-Score is less than 1.81, it is in Distress Zones.
When Z-Score is greater than 2.99, it is in Safe Zones.
When Z-Score is between 1.81 and 2.99, it is in Grey Zones.

Gold Terra Resource has a Z-score of 0.00, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.

* 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.


Gold Terra Resource  (TSXV:YGT) Financial Strength Explanation

The maximum rank is 10. Companies with rank 7 or higher will be unlikely to fall into distressed situations. Companies with rank of 3 or less are likely in financial distress.

Gold Terra Resource has the Financial Strength Rank of 0.


Gold Terra Resource Financial Strength Related Terms

Thank you for viewing the detailed overview of Gold Terra Resource's Financial Strength provided by GuruFocus.com. Please click on the following links to see related term pages.


Gold Terra Resource Business Description

Traded in Other Exchanges
Address
325 Howe Street, Suite 410, Vancouver, BC, CAN, V6C 1Z7
Gold Terra Resource Corp is primarily engaged in the acquisition, exploration and development of mineral properties. Its main focus is on the Yellowknife City Gold Project. Other projects of the company include the Stewart property and the Mulligan property.
Executives
Gerald Panneton Senior Officer
Mark Thomas Brown Senior Officer
David Suda Senior Officer
James Russell Starr Director

Gold Terra Resource Headlines

No Headlines