Goldgroup Mining (MEX:GGA) Cash-to-Debt : 5.16 (As of Jun. 2024)

View and export this data going back to 2012. Start your Free Trial

What is Goldgroup Mining 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. Goldgroup Mining's cash to debt ratio for the quarter that ended in Jun. 2024 was 5.16.

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, Goldgroup Mining could pay off its debt using the cash in hand for the quarter that ended in Jun. 2024.

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

MEX:GGA' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: 0.8 Max: 5.17
Current: 5.17

During the past 13 years, Goldgroup Mining's highest Cash to Debt Ratio was 5.17. The lowest was 0.02. And the median was 0.80.

MEX:GGA's Cash-to-Debt is ranked worse than
58.4% of 2613 companies
in the Metals & Mining industry
Industry Median: 17.75 vs MEX:GGA: 5.17

Goldgroup Mining Cash-to-Debt Historical Data

The historical data trend for Goldgroup Mining'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.

* Premium members only.

Goldgroup Mining Cash-to-Debt Chart

Goldgroup Mining Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

0.87

1.02

0.94

0.11

1.60

Goldgroup Mining Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Jun24
Cash-to-Debt	Get a 7-Day Free Trial															0.19	0.15	0.11	1.60	5.16

Competitive Comparison of Goldgroup Mining's Cash-to-Debt

For the Gold subindustry, Goldgroup Mining'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.

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

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

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

Goldgroup Mining 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.

Goldgroup Mining's Cash to Debt Ratio for the fiscal year 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)
	=	4.956	/	(0.951	+	2.139)
	=	1.60

Goldgroup Mining's Cash to Debt Ratio for the quarter that ended in Jun. 2024 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)
	=	12.568	/	(2.052	+	0.385)
	=	5.16

Goldgroup Mining (MEX:GGA) 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.

Goldgroup Mining Cash-to-Debt Related Terms

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

Goldgroup Mining Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Goldgroup Mining Inc (MEX:GGA) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

GGAZF:USA 55G0:Germany 55G0:Germany GGA:Canada

Address

1166 Alberni Street, Suite 1201, Vancouver, BC, CAN, V6E 3Z3

Website

https://www.goldgroupmining.com

Goldgroup Mining Inc is a Canadian-based gold production, development, and exploration company with an upside in a portfolio of projects in Mexico, including an interest in DynaResource de Mexico, S.A. de C.V., which owns 100 percent of the high-grade gold exploration project, San Jose de Gracia, located in the State of Sinaloa. In addition, the company operates its 100%-owned Cerro Prieto heap-leach gold mine, in the State of Sonora, Mexico.

Goldgroup Mining Headlines

No Headlines