Gold Reserve (TSXV:GRZ) Cash-to-Debt : No Debt ⁽¹⁾ (As of Sep. 2024)

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What is Gold Reserve 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. Gold Reserve's cash to debt ratio for the quarter that ended in Sep. 2024 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, Gold Reserve could pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

(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 Gold Reserve's Cash-to-Debt or its related term are showing as below:

TSXV:GRZ' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.06 Med: 402.8 Max: No Debt
Current: No Debt

During the past 13 years, Gold Reserve's highest Cash to Debt Ratio was No Debt. The lowest was 0.06. And the median was 402.80.

TSXV:GRZ's Cash-to-Debt is ranked better than
99.96% of 2606 companies
in the Metals & Mining industry
Industry Median: 17.89 vs TSXV:GRZ: No Debt

Gold Reserve Cash-to-Debt Historical Data

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

Gold Reserve Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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242.28

337.84

636.41

No Debt

Gold Reserve Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Gold Reserve's Cash-to-Debt

For the Gold subindustry, Gold Reserve'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.

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

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

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

Gold Reserve 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.

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

Gold Reserve had no debt ⁽¹⁾.

Gold Reserve's Cash to Debt Ratio for the quarter that ended in Sep. 2024 is calculated as:

Gold Reserve had no debt ⁽¹⁾.

Gold Reserve (TSXV:GRZ) 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.

Gold Reserve Cash-to-Debt Related Terms

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

Gold Reserve Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Gold Reserve Ltd (TSXV:GRZ) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

GDRZF:USA 97Z:Germany

Address

999 West Riverside Avenue, Suite 401, Spokane, WA, USA, 99201

Website

https://www.goldreserveinc.com

Gold Reserve Ltd along with its subsidiaries, is engaged in the business of acquiring, exploring, and developing mining projects. Its primary business activities have been the collection of the remaining amounts owed to the company by Venezuela and, working toward all remedies that are available concerning the Siembra Minera Project. Siembra Minera project was granted certain gold, copper, silver, and other strategic mineral rights.

Executives

Jean-charles Potvin	Director
Llc Camac Partners	10% Security Holder

Gold Reserve Headlines

No Headlines

Gold Reserve (TSXV:GRZ) Cash-to-Debt : No Debt (1) (As of Sep. 2024)