Andrada Mining (LSE:ATM) Cash-to-Debt : 0.75 (As of Aug. 2023)

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What is Andrada Mining 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. Andrada Mining's cash to debt ratio for the quarter that ended in Aug. 2023 was 0.75.

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, Andrada Mining couldn't pay off its debt using the cash in hand for the quarter that ended in Aug. 2023.

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

LSE:ATM' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0.75 Max: No Debt
Current: 0.75

During the past 9 years, Andrada Mining's highest Cash to Debt Ratio was No Debt. The lowest was 0.00. And the median was 0.75.

LSE:ATM's Cash-to-Debt is ranked worse than
71.58% of 2646 companies
in the Metals & Mining industry
Industry Median: 18.395 vs LSE:ATM: 0.75

Andrada Mining Cash-to-Debt Historical Data

The historical data trend for Andrada 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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Andrada Mining Cash-to-Debt Chart

Andrada Mining Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

0.40

0.32

1.34

1.14

Andrada Mining Semi-Annual Data
	Feb15	Feb16	Feb17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23
Cash-to-Debt	Get a 7-Day Free Trial										6.97	1.34	0.18	1.14	0.75

Competitive Comparison of Andrada Mining's Cash-to-Debt

For the Other Industrial Metals & Mining subindustry, Andrada 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.

Andrada Mining's Cash-to-Debt Distribution in the Metals & Mining Industry

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

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

Andrada 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.

Andrada Mining's Cash to Debt Ratio for the fiscal year that ended in Feb. 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)
	=	8.206	/	(3.184	+	3.994)
	=	1.14

Andrada Mining's Cash to Debt Ratio for the quarter that ended in Aug. 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)
	=	6.687	/	(4.041	+	4.896)
	=	0.75

Andrada Mining (LSE:ATM) 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.

Andrada Mining Cash-to-Debt Related Terms

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

Andrada Mining (LSE:ATM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Andrada Mining Ltd (LSE:ATM) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

9IA:Germany

Address

Oak House, Hirzel Street, P.O. Box 282, Saint Peter Port, GGY, GY1 3RH

Website

https://www.andradamining.com

Andrada Mining Ltd is a Guernsey-based mining company. The company's geographical segments include South Africa and Namibia. The company's project consists of the Uis Tin project and Mokopane Tin project. It derives a majority of its revenue from the Namibia region. The company's asset includes Lithium Ridge (Nai-Nais), Spodumene Hill, Brandberg West.

Andrada Mining (LSE:ATM) Headlines

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