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Dividend Coverage Ratio for TRX Gold Corp

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TRX: TRX Gold Corp

TRX Gold Corporation, a junior gold mining company, engages in the exploration, development, and production of mineral property in Tanzania. Its flagship project includes Buckreef Gold Project in Tanz...

0.33 USD
Price
USD
Fair Value
Upside
0.27 - 0.49
52-week range

Analysis

Fiscal Years
Trailing Twelve Months
Fiscal Halfs
Fiscal Quarters
Daily
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The following section summarizes insights on TRX Gold Corp's Dividend Coverage Ratio:

Aug 2016Aug 2018Aug 2020Aug 2022Aug 2024

Performance Summary
  • Dividend coverage ratio for TRX Gold is not available.

How does Tanzanian Royalty Exploration's Dividend Coverage Ratio benchmark against competitors?

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We've identified the following companies as similar to TRX Gold Corp because they operate in a related industry or sector. We also considered size, growth, and various financial metrics to narrow down the list to the ones listed below.

Metric Usage: Dividend Coverage Ratio

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dividend_coverage
Slug
number
Datatype
text
Format
current
Default Period
FY, Q, LTM, YTD
Periods Supported
Free
Plan

To view the full list of supported financial metrics please see Complete Metrics Listing.

Similar Metrics

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Metrics similar to Dividend Coverage Ratio in the dividends category include:

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Dividend Coverage Ratio

A ratio that measures the cash cushion available to management to maintain the firm's dividend to common shareholders.

Definition of Dividend Coverage Ratio

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Dividend Coverage Ratio is defined as:

Dividend Coverage Ratio = Cash From Operations / Total Dividends Paid

Dividend Coverage ratio measures cash cushion available to management to maintain the firm’s dividend to common shareholders.


Click the link below to download a spreadsheet with an example Dividend Coverage Ratio calculation for TRX Gold Corp below:

Sector Benchmark Analysis

Sector
Industry Group
Industry
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-2.7x17.3x37.3x64.9x050100150200

The chart above depicts the distribution of dividend coverage ratio for companies operating in the Materials sector in the Developed economic region. Over 690 companies were considered in this analysis, and 663 had meaningful values. The average dividend coverage ratio of companies in the sector is 6.9x with a standard deviation of 7.4x.

TRX Gold Corp's Dividend Coverage Ratio of NA ranks in the - percentile for the sector. The following table provides additional summary stats:

Dividend Coverage Ratio In The Materials Sector
Economic Risk RegionDeveloped
Total Constituents691
Included Constituents663
Min-2.8x
Max63.5x
Median5.0x
Mean6.9x
Standard Deviation7.4x

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