Adavale Resources (ASX:ADD) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is Adavale Resources 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. Adavale Resources's cash to debt ratio for the quarter that ended in Dec. 2023 was No Debt ⁽¹⁾.

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, Adavale Resources could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

(1) 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.

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

ASX:ADD' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.07 Max: No Debt
Current: 0.49

During the past 13 years, Adavale Resources's highest Cash to Debt Ratio was No Debt. The lowest was 0.01. And the median was 0.07.

ASX:ADD's Cash-to-Debt is ranked worse than
76.97% of 178 companies
in the Other Energy Sources industry
Industry Median: 1.915 vs ASX:ADD: 0.49

Adavale Resources Cash-to-Debt Historical Data

The historical data trend for Adavale 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.

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Adavale Resources Cash-to-Debt Chart

Adavale Resources Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

Get a 7-Day Free Trial

0.02

0.09

No Debt

0.46

Adavale Resources Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	No Debt	No Debt	0.46	No Debt

Competitive Comparison of Adavale Resources's Cash-to-Debt

For the Uranium subindustry, Adavale 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.

Adavale Resources's Cash-to-Debt Distribution in the Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, Adavale Resources's Cash-to-Debt distribution charts can be found below:

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

Adavale Resources 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.

Adavale Resources's Cash to Debt Ratio for the fiscal year that ended in Jun. 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)
	=	0.893	/	(1.937	+	0)
	=	0.46

Adavale Resources's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Adavale Resources had no debt ⁽¹⁾.

Adavale Resources (ASX:ADD) 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.

Adavale Resources Cash-to-Debt Related Terms

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Adavale Resources (ASX:ADD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Adavale Resources Ltd (ASX:ADD) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Level 2, 49 Oxford Close, West Leederville, Perth, WA, AUS, 6007

Website

https://www.adavaleresources.com

Adavale Resources Ltd engages in mining exploration and development activities in Australia and Africa. The company holds a 100% interest in the Lake Surprise uranium project with three exploration licenses in the northern part of the Lake Frome Embayment, South Australia. It also holds an interest in Kabanga Jirani Nickel Project.