Alexium International Group (ASX:AJX) Cash-to-Debt : 0.25 (As of Dec. 2023)

View and export this data going back to 1999. Start your Free Trial

What is Alexium International Group 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. Alexium International Group's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.25.

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, Alexium International Group 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 Alexium International Group's Cash-to-Debt or its related term are showing as below:

ASX:AJX' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.11 Med: 1.01 Max: No Debt
Current: 0.25

During the past 13 years, Alexium International Group's highest Cash to Debt Ratio was No Debt. The lowest was 0.11. And the median was 1.01.

ASX:AJX's Cash-to-Debt is ranked worse than
74.18% of 1553 companies
in the Chemicals industry
Industry Median: 0.74 vs ASX:AJX: 0.25

Alexium International Group Cash-to-Debt Historical Data

The historical data trend for Alexium International Group'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.

* Premium members only.

Alexium International Group Cash-to-Debt Chart

Alexium International Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

Get a 7-Day Free Trial

0.55

1.34

0.85

0.27

0.11

Alexium International Group 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															0.52	0.27	0.22	0.11	0.25

Competitive Comparison of Alexium International Group's Cash-to-Debt

For the Specialty Chemicals subindustry, Alexium International Group'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.

Alexium International Group's Cash-to-Debt Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Alexium International Group's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Alexium International Group's Cash-to-Debt falls into.

Alexium International Group 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.

Alexium International Group'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)
	=	0.764	/	(0.444	+	6.538)
	=	0.11

Alexium International Group'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)
	=	2.623	/	(1.115	+	9.432)
	=	0.25

Alexium International Group (ASX:AJX) 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.

Alexium International Group Cash-to-Debt Related Terms

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

Alexium International Group (ASX:AJX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Alexium International Group Ltd (ASX:AJX) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

E7T:Germany

Address

350 West Phillips Road, Greer, SC, USA, 29650

Website

https://www.alexiuminternational.com

Alexium International Group Ltd is engaged in the development of specialty chemicals. Its only operating segment is the development and commercialization of its proprietary flame retardant (FR) and phase change material (PCM) chemistries, cooling products for bedding, and selling its specialized chemistry to customers. Geographically, it derives a majority of its revenue from the United States and also has a presence in Australia. The company products include Alexicool and Alexiflam NF.