Romios Gold Resources (TSXV:RG) Cash-to-Debt : 0.83 (As of Dec. 2023)

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What is Romios Gold 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. Romios Gold Resources's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.83.

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, Romios Gold Resources couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

TSXV:RG' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.83 Med: No Debt Max: No Debt
Current: 0.83

During the past 13 years, Romios Gold Resources's highest Cash to Debt Ratio was No Debt. The lowest was 0.83. And the median was No Debt.

TSXV:RG's Cash-to-Debt is ranked worse than
70.25% of 2642 companies
in the Metals & Mining industry
Industry Median: 18.42 vs TSXV:RG: 0.83

Romios Gold Resources Cash-to-Debt Historical Data

The historical data trend for Romios Gold 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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Romios Gold Resources Cash-to-Debt Chart

Romios Gold Resources Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

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No Debt

12.46

69.63

203.14

2.68

Romios Gold Resources 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															6.20	4.70	2.68	1.16	0.83

Competitive Comparison of Romios Gold Resources's Cash-to-Debt

For the Gold subindustry, Romios Gold 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.

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

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

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

Romios Gold 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.

Romios Gold Resources's Cash to Debt Ratio for the fiscal year that ended in Jun. 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)
	=	0.445	/	(0.058	+	0.108)
	=	2.68

Romios Gold Resources's Cash to Debt Ratio for the quarter that ended in Dec. 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)
	=	0.115	/	(0.062	+	0.076)
	=	0.83

Romios Gold Resources (TSXV:RG) 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.

Romios Gold Resources Cash-to-Debt Related Terms

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

Romios Gold Resources (TSXV:RG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Romios Gold Resources Inc (TSXV:RG) » Definitions » Cash-to-Debt

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Traded in Other Exchanges

RMIOF:USA

Address

2 Toronto Street, Suite 500, Toronto, ON, CAN, M5C 2B6

Website

https://www.romios.com

Romios Gold Resources Inc is a Canada-based mineral exploration and development company. Principally, it is engaged in the business of precious and base metal exploration across North America with a primary focus on gold, silver, and copper. The company's British Columbia projects consist of Golden Triangle, Trek property, Newmont Lake property, JW property, and Royce/Porc property; the Scossa gold project is located in Nevada; the Lundmark and Timmis Hislop projects are situated in Ontario.

Executives

John Lawrence Biczok

Senior Officer

Romios Gold Resources (TSXV:RG) Headlines

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