ACT Energy Technologies (TSX:ACX) Cash-to-Debt : 0.12 (As of Mar. 2025)

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What is ACT Energy Technologies 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. ACT Energy Technologies's cash to debt ratio for the quarter that ended in Mar. 2025 was 0.12.

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, ACT Energy Technologies couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2025.

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

TSX:ACX' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0.13 Max: 13.41
Current: 0.12

During the past 13 years, ACT Energy Technologies's highest Cash to Debt Ratio was 13.41. The lowest was 0.00. And the median was 0.13.

TSX:ACX's Cash-to-Debt is ranked worse than
76.95% of 998 companies
in the Oil & Gas industry
Industry Median: 0.52 vs TSX:ACX: 0.12

ACT Energy Technologies Cash-to-Debt Historical Data

The historical data trend for ACT Energy Technologies'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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ACT Energy Technologies Cash-to-Debt Chart

ACT Energy Technologies Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Cash-to-Debt

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0.05

0.13

0.11

0.09

0.12

ACT Energy Technologies Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Cash-to-Debt	Get a 7-Day Free Trial															0.06	0.15	0.17	0.12	0.12

Competitive Comparison of ACT Energy Technologies's Cash-to-Debt

For the Oil & Gas Drilling subindustry, ACT Energy Technologies'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.

ACT Energy Technologies's Cash-to-Debt Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, ACT Energy Technologies's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where ACT Energy Technologies's Cash-to-Debt falls into.

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ACT Energy Technologies 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.

ACT Energy Technologies's Cash to Debt Ratio for the fiscal year that ended in Dec. 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)
	=	12.792	/	(25.559	+	85.091)
	=	0.12

ACT Energy Technologies's Cash to Debt Ratio for the quarter that ended in Mar. 2025 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)
	=	12.949	/	(4.719	+	107.52)
	=	0.12

ACT Energy Technologies (TSX:ACX) 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.

ACT Energy Technologies Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of ACT Energy Technologies's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

ACT Energy Technologies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » ACT Energy Technologies Ltd (TSX:ACX) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

CETEF:USA

Address

6030 - 3rd Street S.E., Calgary, AB, CAN, T2H 1K2

Website

https://www.actenergy.com

ACT Energy Technologies Ltd is a Canadian-based company that is involved and engaged in the business of providing directional drilling services to oil and natural gas companies in western Canada and the United States. The Company has two operating segments based on its geographic operating locations of Canada and U.S. and a non-operating segment, for joint corporate costs (Corporate services).

Executives

Roderick Donald Maxwell	Director, Senior Officer
Ian Stephen Brown	Director
Lee Harns	Senior Officer
Peter Scott Macfarlane	Senior Officer
Thomas Joseph Connors	Director, Senior Officer
Fawzi Irani	Senior Officer
Axel Schmidt	Senior Officer
James R. Boyles	Director

ACT Energy Technologies Headlines

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