Trigon Metals (TSXV:TM) Cash-to-Debt : 1.86 (As of Dec. 2023)

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What is Trigon Metals 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. Trigon Metals's cash to debt ratio for the quarter that ended in Dec. 2023 was 1.86.

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, Trigon Metals could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

TSXV:TM' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: No Debt Max: No Debt
Current: 1.86

During the past 13 years, Trigon Metals's highest Cash to Debt Ratio was No Debt. The lowest was 0.00. And the median was No Debt.

TSXV:TM's Cash-to-Debt is ranked worse than
63.78% of 2645 companies
in the Metals & Mining industry
Industry Median: 18.37 vs TSXV:TM: 1.86

Trigon Metals Cash-to-Debt Historical Data

The historical data trend for Trigon Metals'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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Trigon Metals Cash-to-Debt Chart

Trigon Metals Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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0.42

4.90

No Debt

0.10

106.25

Trigon Metals Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															-	118.88	106.25	53.58	1.86

Competitive Comparison of Trigon Metals's Cash-to-Debt

For the Copper subindustry, Trigon Metals'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.

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

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

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

Trigon Metals 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.

Trigon Metals'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)
	=	28.369	/	(0.088	+	0.179)
	=	106.25

Trigon Metals'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)
	=	5.011	/	(0.59	+	2.109)
	=	1.86

Trigon Metals (TSXV:TM) 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.

Trigon Metals Cash-to-Debt Related Terms

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

Trigon Metals (TSXV:TM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Trigon Metals Inc (TSXV:TM) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

PNTZF:USA TZU2:Germany

Address

130 Queens Quay East, Suite 1224, Toronto, ON, CAN, M5A 0P6

Website

https://www.trigonmetals.com

Trigon Metals Inc is an emerging copper and silver producer in the African continent. Trigon operates through the development of its Namibian mining and exploration permits. The company's projects include Kombat Mine and Gross Otavi in Namibia and the newly Silver Hill copper-silver exploration project in Morocco.

Executives

Larisa Sprott

Director