Adex Mining (Adex Mining) Cash-to-Debt

: 0.03 (As of Sep. 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. Adex Mining's cash to debt ratio for the quarter that ended in Sep. 2023 was 0.03.

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, Adex Mining 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 Adex Mining's Cash-to-Debt or its related term are showing as below:

ADXDF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0.03 Max: No Debt
Current: 0.03

During the past 13 years, Adex Mining's highest Cash to Debt Ratio was No Debt. The lowest was 0.00. And the median was 0.03.

ADXDF's Cash-to-Debt is ranked worse than
95.63% of 2631 companies
in the Metals & Mining industry
Industry Median: 18.2 vs ADXDF: 0.03

Adex Mining Cash-to-Debt Historical Data

The historical data trend for Adex Mining'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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Adex Mining Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

0.04

0.01

0.02

Adex Mining 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																0.02	0.02	0.02	0.05	0.03

Competitive Comparison

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

Adex Mining Cash-to-Debt Distribution

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

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

Adex Mining 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.

Adex Mining'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)
	=	0.066	/	(3.393	+	0)
	=	0.02

Adex Mining'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)
	=	0.124	/	(0.059	+	3.771)
	=	0.03

Adex Mining (OTCPK:ADXDF) 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.

Adex Mining Cash-to-Debt Related Terms

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Adex Mining (Adex Mining) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Adex Mining Inc (OTCPK:ADXDF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

ADE:Canada

Address

36 Toronto Street, Suite 850, Toronto, ON, CAN, M5C 2C5

Website

http://www.adexmining.com

Adex Mining Inc is a mineral exploration and development company in Canada that develops a potential polymetallic focusing on tin, indium, zinc, molybdenum, and tungsten. The company is focused on exploring and developing its Mount Pleasant Property.

Adex Mining (Adex Mining) Headlines

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