Regenx Tech (XCNQ:RGX) Cash-to-Debt : 0.01 (As of Sep. 2023)

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What is Regenx Tech 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. Regenx Tech's cash to debt ratio for the quarter that ended in Sep. 2023 was 0.01.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Regenx Tech couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

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

XCNQ:RGX' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 11.85 Max: No Debt
Current: 0.01

During the past 13 years, Regenx Tech's highest Cash to Debt Ratio was No Debt. The lowest was 0.01. And the median was 11.85.

XCNQ:RGX's Cash-to-Debt is ranked worse than
97.73% of 2639 companies
in the Metals & Mining industry
Industry Median: 18.42 vs XCNQ:RGX: 0.01

Regenx Tech Cash-to-Debt Historical Data

The historical data trend for Regenx Tech'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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Regenx Tech Cash-to-Debt Chart

Regenx Tech Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

Get a 7-Day Free Trial

3.99

1.93

1.04

1.64

0.60

Regenx Tech Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial															1.52	0.60	0.03	0.07	0.01

Competitive Comparison of Regenx Tech's Cash-to-Debt

For the Other Precious Metals & Mining subindustry, Regenx Tech'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.

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

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

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

Regenx Tech 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.

Regenx Tech's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 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)
	=	1.574	/	(0.115	+	2.523)
	=	0.60

Regenx Tech's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	0.08	/	(0.226	+	5.299)
	=	0.01

Regenx Tech (XCNQ:RGX) 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.

Regenx Tech Cash-to-Debt Related Terms

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

Regenx Tech (XCNQ:RGX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Regenx Tech Corp (XCNQ:RGX) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

RGXTF:USA J64:Germany

Address

250 2nd Street South West, Suite 1000, Livingston Place West, Calgary, AB, CAN, T2P 0C1

Website

https://www.regenx.tech

Regenx Tech Corp is positioned for growth in the catalytic converter and mining sectors through the development and commercialization of its proprietary, environmentally friendly processing technologies for the recovery of precious metals. Its focus is the extraction of platinum and palladium from diesel catalytic converters. It solves smelter problems and recovers the majority of the precious metals from retired catalytic converters. The Company has two operating segments, exploration and development of mineral properties in Spain and mineral extraction through the use of its proprietary equipment in North America.

Executives

Harvey Ernest Edward Granatier

Director

Regenx Tech (XCNQ:RGX) Headlines

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