ACDC Metals (ASX:ADC) Cash Ratio : 24.83 (As of Dec. 2024)

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What is ACDC Metals Cash Ratio?

The Cash Ratio measures a company’s ability to meet its short-term obligations with cash and near-cash resources. It is calculated as a company's Cash, Cash Equivalents, Marketable Securities divides by its Total Current Liabilities. ACDC Metals's Cash Ratio for the quarter that ended in Dec. 2024 was 24.83.

ACDC Metals has a Cash Ratio of 24.83. It generally indicates that the company is able to cover all short-term debt and still have cash remaining.

The historical rank and industry rank for ACDC Metals's Cash Ratio or its related term are showing as below:

ASX:ADC' s Cash Ratio Range Over the Past 10 Years
Min: 11.06 Med: 27.17 Max: 69.37
Current: 24.83

During the past 3 years, ACDC Metals's highest Cash Ratio was 69.37. The lowest was 11.06. And the median was 27.17.

ASX:ADC's Cash Ratio is ranked better than
95.12% of 2501 companies
in the Metals & Mining industry
Industry Median: 1.01 vs ASX:ADC: 24.83

ACDC Metals Cash Ratio Historical Data

The historical data trend for ACDC Metals's Cash Ratio 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.

* Premium members only.

ACDC Metals Cash Ratio Chart

ACDC Metals Annual Data

Trend

Jun22

Jun23

Jun24

Cash Ratio

69.37

27.17

11.06

ACDC Metals Semi-Annual Data
	Jun22	Jun23	Dec23	Jun24	Dec24
Cash Ratio	69.37	27.17	36.29	11.06	24.83

Competitive Comparison of ACDC Metals's Cash Ratio

For the Other Industrial Metals & Mining subindustry, ACDC Metals's Cash Ratio, along with its competitors' market caps and Cash Ratio 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.

ACDC Metals's Cash Ratio Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, ACDC Metals's Cash Ratio distribution charts can be found below:

* The bar in red indicates where ACDC Metals's Cash Ratio falls into.

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ACDC Metals Cash Ratio Calculation

The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.

ACDC Metals's Cash Ratio for the fiscal year that ended in Jun. 2024 is calculated as:

Cash Ratio (A: Jun. 2024 )	=	Cash, Cash Equivalents, Marketable Securities	/	Total Current Liabilities
	=	3.596	/	0.325
	=	11.06

ACDC Metals's Cash Ratio for the quarter that ended in Dec. 2024 is calculated as:

Cash Ratio (Q: Dec. 2024 )	=	Cash, Cash Equivalents, Marketable Securities	/	Total Current Liabilities
	=	2.682	/	0.108
	=	24.83

ACDC Metals (ASX:ADC) Cash Ratio Explanation

The cash ratio is more conservative than other liquidity ratios, such as Quick Ratio and Current Ratio, because it only considers a company's most liquid resources. The numerator of cash ratio only considers Cash, Cash Equivalents and marketable securities. Other current assets, such as accounts receivable and inventories, are not included. The rationale is that these assets may require time to be transformed into cash, and the amount of money received is also uncertain.

The cash ratio shows a company’s ability to pay all current liabilities immediately without selling or liquidating other assets. Generally speaking, a higher cash ratio suggests the company has a stronger ability to cover its short-term debt. However, a high cash ratio could also indicate inefficient management: the company is inefficient in making full utilization of cash to invest protential profitable project. It may also suggest that the company is not confident about future profitability.

In general, the higher the cash ratio, the better the company's liquidity position.

ACDC Metals Cash Ratio Related Terms

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ACDC Metals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » ACDC Metals Ltd (ASX:ADC) » Definitions » Cash Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

111 Collins Street, Level 6, Melbourne, VIC, AUS, 3000

Website

https://www.acdcmetals.com.au

ACDC Metals Ltd is a mineral exploration company incorporated with the view of undertaking mineral exploration and resource development, focusing on heavy mineral sands projects located in Victoria, Australia, with the ultimate goal of producing heavy mineral sands (HMS) products and rare earth elements (REE) from its Victorian assets, and further developing its licensed rare earth extraction technology. It has three operating segments: Exploration and project development; Development of ACDC Metals Rare Earth Processing Plant (REPP) Project and Corporate costs.