ADF Group (TSX:DRX) Cash-to-Debt : 1.41 (As of Oct. 2024)

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What is ADF Group 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. ADF Group's cash to debt ratio for the quarter that ended in Oct. 2024 was 1.41.

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, ADF Group could pay off its debt using the cash in hand for the quarter that ended in Oct. 2024.

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

TSX:DRX' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.26 Max: 1.61
Current: 1.41

During the past 13 years, ADF Group's highest Cash to Debt Ratio was 1.61. The lowest was 0.01. And the median was 0.26.

TSX:DRX's Cash-to-Debt is ranked better than
55.71% of 2994 companies
in the Industrial Products industry
Industry Median: 1.18 vs TSX:DRX: 1.41

ADF Group Cash-to-Debt Historical Data

The historical data trend for ADF Group'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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ADF Group Cash-to-Debt Chart

ADF Group Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Cash-to-Debt

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0.10

0.70

0.19

0.14

1.48

ADF Group Quarterly Data
	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24
Cash-to-Debt	Get a 7-Day Free Trial															0.89	1.48	1.01	1.61	1.41

Competitive Comparison of ADF Group's Cash-to-Debt

For the Metal Fabrication subindustry, ADF Group'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.

ADF Group's Cash-to-Debt Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, ADF Group's Cash-to-Debt distribution charts can be found below:

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

ADF Group 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.

ADF Group's Cash to Debt Ratio for the fiscal year that ended in Jan. 2024 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)
	=	72.379	/	(3.867	+	44.977)
	=	1.48

ADF Group's Cash to Debt Ratio for the quarter that ended in Oct. 2024 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)
	=	65.483	/	(4.69	+	41.703)
	=	1.41

ADF Group (TSX:DRX) 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.

ADF Group Cash-to-Debt Related Terms

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ADF Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » ADF Group Inc (TSX:DRX) » Definitions » Cash-to-Debt

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Traded in Other Exchanges

ADFJF:USA 4QM:Germany

Address

300, rue Henry-Bessemer, Terrebonne, QC, CAN, J6Y 1T3

Website

https://www.adfgroup.com

ADF Group Inc involves in the design and engineering of connections, fabrication, including industrial coating, and the installation of steel structures and steel built-ups, as well as miscellaneous and architectural metalwork. The company's products and services are intended for the five principal segments of the non-residential construction industry: Office towers and high-rises, Commercial and recreational buildings, Airport facilities, Industrial complexes, and Transport infrastructures. It serves the client base in the non-residential construction industry, such as general contractors, project owners, engineering firms and project architects, and other steel structure fabricators in the United States and Canada.

ADF Group Headlines

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