Fairchild Gold (TSXV:FAIR) Cash-to-Debt : 0.00 (As of Feb. 2024)

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What is Fairchild 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. Fairchild Gold's cash to debt ratio for the quarter that ended in Feb. 2024 was 0.00.

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, Fairchild Gold couldn't pay off its debt using the cash in hand for the quarter that ended in Feb. 2024.

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

During the past 4 years, Fairchild Gold's highest Cash to Debt Ratio was No Debt. The lowest was 0.00. And the median was 11.95.

TSXV:FAIR's Cash-to-Debt is not ranked ^*
in the Metals & Mining industry.
Industry Median: 18.42
* Ranked among companies with meaningful Cash-to-Debt only.

Fairchild Gold Cash-to-Debt Historical Data

The historical data trend for Fairchild 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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Fairchild Gold Cash-to-Debt Chart

Fairchild Gold Annual Data

Trend

Aug20

Aug21

Aug22

Aug23

Cash-to-Debt

No Debt

17.24

0.13

0.33

Fairchild Gold Quarterly Data
	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Cash-to-Debt	Get a 7-Day Free Trial											No Debt	No Debt	0.33	0.17	-

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

For the Gold subindustry, Fairchild 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.

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

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

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

Fairchild 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.

Fairchild Gold's Cash to Debt Ratio for the fiscal year that ended in Aug. 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)
	=	0.002	/	(0.006	+	0)
	=	0.33

Fairchild Gold's Cash to Debt Ratio for the quarter that ended in Feb. 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	/	(0.049	+	0)
	=	0.00

Fairchild Gold (TSXV:FAIR) 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.

Fairchild Gold Cash-to-Debt Related Terms

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

Fairchild Gold (TSXV:FAIR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Fairchild Gold Corp (TSXV:FAIR) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

789 West, Pender Street, Suite 1010, Vancouver, BC, CAN, V6C 1H2

Website

https://www.fairchildgold.com

Fairchild Gold Corp is engaged in the business of mineral exploration and the acquisition of mineral property assets in Canada ,specifically gold, in North America. The Fairchild Lake Property located in the Patricia Mining Division, north-western Ontario consists of 25 single-cell and multi-cell claims. The Property lies in the western arm of the Savant Lake greenstone belt.

Executives

Victor Cantore

Director

Fairchild Gold (TSXV:FAIR) Headlines

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