Adriatic Metals (ASX:ADT) Cash-to-Debt

: 0.30 (As of Dec. 2023)

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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. Adriatic Metals's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.30.

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, Adriatic Metals couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

ASX:ADT' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.3 Med: 42.15 Max: No Debt
Current: 0.3

During the past 7 years, Adriatic Metals's highest Cash to Debt Ratio was No Debt. The lowest was 0.30. And the median was 42.15.

ASX:ADT's Cash-to-Debt is ranked worse than
81.19% of 2632 companies
in the Metals & Mining industry
Industry Median: 18.15 vs ASX:ADT: 0.30

Adriatic Metals Cash-to-Debt Historical Data

The historical data trend for Adriatic Metals'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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Adriatic Metals Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Dec21

Dec22

Dec23

Cash-to-Debt

No Debt

42.08

6.68

1.20

0.30

Adriatic Metals Semi-Annual Data
	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt								6.68	4.48	1.20	0.58	0.30

Competitive Comparison

For the Other Industrial Metals & Mining subindustry, Adriatic Metals'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.

Adriatic Metals Cash-to-Debt Distribution

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

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

Adriatic Metals 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.

Adriatic Metals's Cash to Debt Ratio for the fiscal year that ended in Dec. 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)
	=	67.015	/	(73.009	+	149.503)
	=	0.30

Adriatic Metals's Cash to Debt Ratio for the quarter that ended in Dec. 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)
	=	67.015	/	(73.009	+	149.503)
	=	0.30

Adriatic Metals (ASX:ADT) 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.

Adriatic Metals Cash-to-Debt Related Terms

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Adriatic Metals (ASX:ADT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Adriatic Metals PLC (ASX:ADT) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

ADTLF:USA ADMLF:USA ADT1l:UK ADT1:UK 3FN:Germany

Address

65 Rodney Road, Ground Floor, Regent House, Cheltenham, GBR, GL50 1HX

Website

https://www.adriaticmetals.com

Adriatic Metals PLC is engaged in mineral exploration. The projects of the company are The Veovaca and The Raska. The Veovaca is historic open-cut zinc, lead, barite, and silver mine and the Raska project is an advanced exploration project which exhibits exceptionally high grades of the base and precious metals and is located approximately 17km North-West of the Veovaca Project.