Volcanic Gold Mines (Volcanic Gold Mines) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is Volcanic Gold Mines 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. Volcanic Gold Mines'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, Volcanic Gold Mines 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 Volcanic Gold Mines's Cash-to-Debt or its related term are showing as below:

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

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

VLMZF's Cash-to-Debt is ranked better than
99.92% of 2643 companies
in the Metals & Mining industry
Industry Median: 18.42 vs VLMZF: No Debt

Volcanic Gold Mines Cash-to-Debt Historical Data

The historical data trend for Volcanic Gold Mines'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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Volcanic Gold Mines Cash-to-Debt Chart

Volcanic Gold Mines Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

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Dec23

Cash-to-Debt

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No Debt

Volcanic Gold Mines 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															No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Volcanic Gold Mines's Cash-to-Debt

For the Gold subindustry, Volcanic Gold Mines'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.

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

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

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

Volcanic Gold Mines 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.

Volcanic Gold Mines's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Volcanic Gold Mines had no debt ⁽¹⁾.

Volcanic Gold Mines's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Volcanic Gold Mines had no debt ⁽¹⁾.

Volcanic Gold Mines (OTCPK:VLMZF) 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.

Volcanic Gold Mines Cash-to-Debt Related Terms

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

Volcanic Gold Mines (Volcanic Gold Mines) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Volcanic Gold Mines Inc (OTCPK:VLMZF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

CKC2:Germany VG:Canada

Address

200 Burrard Street, Suite 650, Vancouver, BC, CAN, V6C 3L6

Website

https://www.volgold.com

Volcanic Gold Mines Inc is a Canadian company that is principally engaged in the acquisition and exploration of resource properties. It holds an interest in the Holly and Banderas property located in Guatemala. The company operates through a single segment being the Acquisition, exploration, and evaluation of resource properties.

Volcanic Gold Mines (Volcanic Gold Mines) Headlines

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Volcanic Gold Mines (Volcanic Gold Mines) Cash-to-Debt : No Debt (1) (As of Dec. 2023)