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Fenix ResourcesASX:FEX 33 Cash-to-Debt is 0.85 as of Dec. 2025, which is 99% below its 10-year median of 80.84. GuruFocus rates ASX:FEX with a GF Score™ of 33/100 and a GF Value™ of A$0.58 (Significantly Undervalued). The stock has 5 warning signs investors should review. Among 598 Steel companies, Fenix Resources ranks better than 66.39% on this metric.
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. Fenix Resources's cash to debt ratio for the quarter that ended in Dec. 2025 was 0.85.
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, Fenix Resourcescouldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2025.
The historical rank and industry rank for Fenix Resources's Cash-to-Debt or its related term are showing as below:
ASX:FEX'
s Cash-to-Debt Range Over the Past 10 Years
Min: 0.7 Med: 80.84 Max: No Debt
Current: 0.85
During the past 13 years, Fenix Resources's highest Cash to Debt Ratio was No Debt. The lowest was 0.70. And the median was 80.84.
ASX:FEX's Cash-to-Debt is ranked better than 66.39% of 598
companies
in the Steel industry
Industry Median: 0.39
vs ASX:FEX: 0.85
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.
Fenix Resources Cash-to-Debt Related Terms
Fenix Resources Cash-to-Debt Historical Data
* Premium members only.
The historical data trend for Fenix Resources'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.
For the Steel subindustry, Fenix Resources'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.
Fenix Resources Cash-to-Debt vs Steel Industry
For the Steel industry and Basic Materials sector, Fenix Resources's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where Fenix Resources's Cash-to-Debt falls into.
* 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.
Fenix Resources (ASX:FEX) has a Cash-to-Debt of 0.85 as of Dec. 2025. This is 99% below median its historical median of 80.84. Over the past decade, Fenix Resources' Cash-to-Debt has ranged from 0.70 to 10,000.00. According to the industry distribution chart, Fenix Resources ranks #201 out of 598 companies in the Steel industry, placing it in the top 33.6%.
Is Fenix Resources' Cash-to-Debt too high?
Fenix Resources' current Cash-to-Debt of 0.85 is 99% below median its 10-year median of 80.84. Over the past 10 years, this metric has ranged from a low of 0.70 to a high of 10,000.00. The Steel industry median Cash-to-Debt is 0.39. Fenix Resources' value of 0.85 is 117.9% above this industry median. Based on the distribution chart, Fenix Resources ranks #201 out of 598 companies in the Steel industry, which is above the industry midpoint. Overall, Fenix Resources has a GF Score™ of 33/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Fenix Resources' Cash-to-Debt compare to NUE and STLD?
According to the Steel industry distribution chart, Fenix Resources ranks #201 out of 598 companies for Cash-to-Debt. This puts Fenix Resources in the upper half of its industry. The industry median Cash-to-Debt is 0.39. Fenix Resources' value of 0.85 is 117.9% above this benchmark. Historically, Fenix Resources' own Cash-to-Debt has ranged from 0.70 to 10,000.00 over the past decade. While the company's 10-year median is 80.84 vs. the industry median of 0.39, Fenix Resources has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cash-to-Debt for a Steel company?
The median Cash-to-Debt among Steel companies is 0.39, based on 598 companies in the industry. Companies in the top quartile (top 25%) have a Cash-to-Debt significantly above this median, while those in the bottom quartile fall well below. However, Cash-to-Debt should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Fenix Resources's current Cash-to-Debt of 0.85 is 117.9% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cash-to-Debt mean?
A high Cash-to-Debt can signal that a stock is expensive relative to its fundamentals. For the Steel industry, the median Cash-to-Debt is 0.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fenix Resources's current Cash-to-Debt is 0.85, which is 99% below median its own 10-year median of 80.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fenix Resources stock overvalued right now?
Based on GuruFocus' analysis, Fenix Resources (ASX:FEX) is currently considered Significantly Undervalued. The stock's GF Value™ is A$0.58, compared to a current price of A$0.26 — trading 55.2% below its estimated fair value. The current Cash-to-Debt is 0.85, which is 99% below median its 10-year median of 80.84 and 117.9% above the Steel industry median of 0.39. Fenix Resources' overall GF Score™ is 33/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cash-to-Debt calculated?
Cash-to-Debt is calculated from a company's financial statements. For Fenix Resources (ASX:FEX), the current Cash-to-Debt is 0.85 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Fenix Resources (ASX:FEX) Overvalued in 2026?
Based on GuruFocus' analysis, Fenix Resources stock appears to be undervalued.
The current stock price of A$0.26 is trading 55.2% below its estimated GF Value™ of A$0.58.
GuruFocus considers Fenix Resources to be Significantly Undervalued.
Key valuation signals for ASX:FEX:
Cash-to-Debt: 0.85 (99% below median its 10-year median of 80.84)
GF Value™: A$0.58 vs. price of A$0.26 (55.2% below fair value)
Industry Position: 117.9% above the Steel median (#201 of 598)
No single metric tells the full story. See the ASX:FEX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Fenix Resources Ltd is an Australian company engaged in exploring, developing, and mining mineral tenements. The Group has single reportable segment: the Mining. The company's assets include the Iron Ridge Iron Ore Mine, the Shine Iron Ore Mine, the Beebyn-W11 Iron Ore Project, the Newhaul Road Logistics haulage.
33GF Score
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