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Dryden Gold (TSXV:DRY) Cash-to-Debt : No Debt (1) (As of Mar. 2024)


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What is Dryden Gold 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. Dryden Gold's cash to debt ratio for the quarter that ended in Mar. 2024 was No Debt (1).

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

(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 Dryden Gold's Cash-to-Debt or its related term are showing as below:

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

During the past 2 years, Dryden Gold's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

TSXV:DRY's Cash-to-Debt is ranked better than
99.96% of 2653 companies
in the Metals & Mining industry
Industry Median: 17.62 vs TSXV:DRY: No Debt

Dryden Gold Cash-to-Debt Historical Data

The historical data trend for Dryden Gold'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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Dryden Gold Cash-to-Debt Chart

Dryden Gold Annual Data
Trend Dec22 Dec23
Cash-to-Debt
No Debt No Debt

Dryden Gold Quarterly Data
Dec22 Mar23 Dec23 Mar24
Cash-to-Debt No Debt N/A No Debt No Debt

Competitive Comparison of Dryden Gold's Cash-to-Debt

For the Other Precious Metals & Mining subindustry, Dryden Gold'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.

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

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

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


Dryden Gold 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.

Dryden Gold's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Dryden Gold had no debt (1).

Dryden Gold's Cash to Debt Ratio for the quarter that ended in Mar. 2024 is calculated as:

Dryden Gold had no debt (1).

* 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.

Dryden Gold  (TSXV:DRY) 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.

Dryden Gold Cash-to-Debt Related Terms

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

Dryden Gold (TSXV:DRY) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Dryden Gold Corp (TSXV:DRY) » Definitions » Cash-to-Debt
Comparable Companies
Traded in Other Exchanges
DRYGF:USA
Address
25th Floor, 700 West Georgia Street, Vancouver, BC, CAN, V7Y 1K8
Website
https://www.drydengold.com
Dryden Gold Corp is a a junior exploration company focused on high-grade gold mineralization in Northwestern Ontario, Canada. The company has three projects which are Gold Rock Project, Lower Manitou Project and Tremblay Project.
Executives
Clarence Franklin Wasser Director, Senior Officer

Dryden Gold (TSXV:DRY) Headlines

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