GGL Resources (TSXV:GGL) Cash-to-Debt : No Debt ⁽¹⁾ (As of Feb. 2024)

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What is GGL Resources 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. GGL Resources's cash to debt ratio for the quarter that ended in Feb. 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, GGL Resources could pay off its debt using the cash in hand for the quarter that ended in Feb. 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 GGL Resources's Cash-to-Debt or its related term are showing as below:

TSXV:GGL' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.3 Med: 5027.85 Max: No Debt
Current: 7.75

During the past 13 years, GGL Resources's highest Cash to Debt Ratio was No Debt. The lowest was 1.30. And the median was 5027.85.

TSXV:GGL's Cash-to-Debt is ranked worse than
55.77% of 2643 companies
in the Metals & Mining industry
Industry Median: 18.42 vs TSXV:GGL: 7.75

GGL Resources Cash-to-Debt Historical Data

The historical data trend for GGL Resources'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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GGL Resources Cash-to-Debt Chart

GGL Resources Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

55.70

11.87

18.50

7.75

GGL Resources Quarterly Data
	May19	Aug19	Nov19	Feb20	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															7.80	4.75	3.80	7.75	No Debt

Competitive Comparison of GGL Resources's Cash-to-Debt

For the Other Precious Metals & Mining subindustry, GGL Resources'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.

GGL Resources's Cash-to-Debt Distribution in the Metals & Mining Industry

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

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

GGL Resources 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.

GGL Resources's Cash to Debt Ratio for the fiscal year 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)
	=	0.465	/	(0.06	+	0)
	=	7.75

GGL Resources's Cash to Debt Ratio for the quarter that ended in Feb. 2024 is calculated as:

GGL Resources had no debt ⁽¹⁾.

GGL Resources (TSXV:GGL) 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.

GGL Resources Cash-to-Debt Related Terms

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

GGL Resources (TSXV:GGL) Business Description

Industry

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

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Traded in Other Exchanges

GGLXF:USA

Address

1100 Melville Street, Suite 510, Vancouver, BC, CAN, V6E 4A6

Website

https://www.gglresourcescorp.com

GGL Resources Corp is a resource exploration company engaged in the exploration and development of mineral properties. Its mineral property interests consist of exploration-stage mineral properties located in the Northwest Territories, Nunavut, and British Columbia in Canada and in Nevada, USA. The company holds an interest in the properties of Bishop, Gold Point, CH, Rhombus, Stein, Providence Greenstone Belt, and McConnell Creek, among others.

GGL Resources (TSXV:GGL) Headlines

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GGL Resources (TSXV:GGL) Cash-to-Debt : No Debt (1) (As of Feb. 2024)