Kirkland Lake Discoveries (TSXV:KLDC) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is Kirkland Lake Discoveries 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. Kirkland Lake Discoveries's cash to debt ratio for the quarter that ended in Dec. 2023 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, Kirkland Lake Discoveries could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

(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 Kirkland Lake Discoveries's Cash-to-Debt or its related term are showing as below:

TSXV:KLDC' s Cash-to-Debt Range Over the Past 10 Years
Min: 1 Med: No Debt Max: No Debt
Current: 868.6

During the past 13 years, Kirkland Lake Discoveries's highest Cash to Debt Ratio was No Debt. The lowest was 1.00. And the median was No Debt.

TSXV:KLDC's Cash-to-Debt is ranked better than
64.99% of 2642 companies
in the Metals & Mining industry
Industry Median: 18.42 vs TSXV:KLDC: 868.60

Kirkland Lake Discoveries Cash-to-Debt Historical Data

The historical data trend for Kirkland Lake Discoveries'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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Kirkland Lake Discoveries Cash-to-Debt Chart

Kirkland Lake Discoveries Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

1.89

15.19

14.00

14.20

Kirkland Lake Discoveries Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															21.92	14.20	No Debt	No Debt	No Debt

Competitive Comparison of Kirkland Lake Discoveries's Cash-to-Debt

For the Gold subindustry, Kirkland Lake Discoveries'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.

Kirkland Lake Discoveries's Cash-to-Debt Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Kirkland Lake Discoveries's Cash-to-Debt falls into.

Kirkland Lake Discoveries 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.

Kirkland Lake Discoveries's Cash to Debt Ratio for the fiscal year that ended in Mar. 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)
	=	0.071	/	(0.005	+	0)
	=	14.20

Kirkland Lake Discoveries's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Kirkland Lake Discoveries had no debt ⁽¹⁾.

Kirkland Lake Discoveries (TSXV:KLDC) 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.

Kirkland Lake Discoveries Cash-to-Debt Related Terms

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

Kirkland Lake Discoveries (TSXV:KLDC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Kirkland Lake Discoveries Corp (TSXV:KLDC) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

KLKLF:USA

Address

25 Adelaide Street East, Suite 1400, Toronto, ON, CAN, M5C 3A1

Website

https://www.kirklandlakediscoveries.com

Kirkland Lake Discoveries Corp formerly Warrior Gold Inc is a gold exploration company with a 100%-owned property in Kirkland Lake, Ontario, Canada. The Goodfish-Kirana property contains three structural trends, numerous high-grade gold showings, and drill intercepts, as well as 18 historical pits and shafts. Its project portfolio includes Geology and Drilling.

Executives

DaniÈle Spethmann

Director, Senior Officer

Kirkland Lake Discoveries (TSXV:KLDC) Headlines

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Kirkland Lake Discoveries (TSXV:KLDC) Cash-to-Debt : No Debt (1) (As of Dec. 2023)