ATEX Resources (TSXV:ATX) Cash-to-Debt : 0.78 (As of Dec. 2023)

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What is ATEX 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. ATEX Resources's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.78.

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

TSXV:ATX' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.15 Med: No Debt Max: No Debt
Current: 0.78

During the past 13 years, ATEX Resources's highest Cash to Debt Ratio was No Debt. The lowest was 0.15. And the median was No Debt.

TSXV:ATX's Cash-to-Debt is ranked worse than
71.04% of 2645 companies
in the Metals & Mining industry
Industry Median: 18.37 vs TSXV:ATX: 0.78

ATEX Resources Cash-to-Debt Historical Data

The historical data trend for ATEX 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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ATEX Resources Cash-to-Debt Chart

ATEX Resources Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

1.36

ATEX Resources Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	122.38	67.49	1.36	0.78

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

For the Gold subindustry, ATEX 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.

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

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

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

ATEX 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.

ATEX Resources's Cash to Debt Ratio for the fiscal year 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)
	=	13.168	/	(0.046	+	9.612)
	=	1.36

ATEX Resources'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)
	=	7.814	/	(0.047	+	10.022)
	=	0.78

ATEX Resources (TSXV:ATX) 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.

ATEX Resources Cash-to-Debt Related Terms

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

ATEX Resources (TSXV:ATX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » ATEX Resources Inc (TSXV:ATX) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

ECRTF:USA

Address

25 Adelaide Street East, Suite 1900, Toronto, ON, CAN, M5C 3A1

Website

https://www.atexresources.com

ATEX Resources Inc is a minerals exploration company engaged in the acquisition and development of properties located in Chile and Colombia in South America. Its Apolo concessions comprise three properties, Alicia, Roma, and Condor, located within the northern extension of the Maricunga Mineral Belt, Region III, Chile. In addition, the firm also holds an interest in Valeriano Property.

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