Gold Springs Resource (TSX:GRC) Cash-to-Debt : 1.61 (As of Mar. 2024)

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What is Gold Springs 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. Gold Springs Resource's cash to debt ratio for the quarter that ended in Mar. 2024 was 1.61.

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, Gold Springs Resource could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

TSX:GRC' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.11 Med: 46.38 Max: No Debt
Current: 1.61

During the past 13 years, Gold Springs Resource's highest Cash to Debt Ratio was No Debt. The lowest was 0.11. And the median was 46.38.

TSX:GRC's Cash-to-Debt is ranked worse than
65.03% of 2642 companies
in the Metals & Mining industry
Industry Median: 18.42 vs TSX:GRC: 1.61

Gold Springs Resource Cash-to-Debt Historical Data

The historical data trend for Gold Springs 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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Gold Springs Resource Cash-to-Debt Chart

Gold Springs Resource Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

51.10

119.39

9.22

Gold Springs Resource Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															9.22	17.95	13.45	9.81	1.61

Competitive Comparison of Gold Springs Resource's Cash-to-Debt

For the Gold subindustry, Gold Springs 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.

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

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

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

Gold Springs 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.

Gold Springs Resource's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 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)
	=	0.378	/	(0.041	+	0)
	=	9.22

Gold Springs Resource's Cash to Debt Ratio for the quarter that ended in Mar. 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)
	=	0.066	/	(0	+	0.041)
	=	1.61

Gold Springs Resource (TSX:GRC) 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 Springs Resource Cash-to-Debt Related Terms

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Gold Springs Resource (TSX:GRC) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

GRCAF:USA SS7A:Germany

Address

1199 West Hastings Street, Suite 1100, Vancouver, BC, CAN, V6E 3T5

Website

https://www.goldspringsresource.com

Gold Springs Resource Corp is a growth-focused mineral exploration company advancing the district-scale Gold Springs gold project situated in mining-friendly Nevada and Utah. The Company's activities include the acquisition, exploration and development of mineral properties. Its operations are limited to a single industry segment, being mineral exploration and development.

Executives

Horst Daspersgruber

Director, Director or Senior Officer of 10% Security Holder