Lake Area Corn Processors LLC (Lake Area Corn Processors LLC) Cash-to-Debt : 0.08 (As of Mar. 2024)

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What is Lake Area Corn Processors LLC 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. Lake Area Corn Processors LLC's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.08.

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, Lake Area Corn Processors LLC couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

The historical rank and industry rank for Lake Area Corn Processors LLC's Cash-to-Debt or its related term are showing as below:

LKCRU' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0.88 Max: 23.3
Current: 0.08

During the past 13 years, Lake Area Corn Processors LLC's highest Cash to Debt Ratio was 23.30. The lowest was 0.00. And the median was 0.88.

LKCRU's Cash-to-Debt is ranked worse than
83.32% of 1019 companies
in the Oil & Gas industry
Industry Median: 0.5 vs LKCRU: 0.08

Lake Area Corn Processors LLC Cash-to-Debt Historical Data

The historical data trend for Lake Area Corn Processors LLC'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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Lake Area Corn Processors LLC Cash-to-Debt Chart

Lake Area Corn Processors LLC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.32

0.50

5.26

3.29

1.62

Lake Area Corn Processors LLC Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															0.11	1.57	0.01	1.62	0.08

Competitive Comparison of Lake Area Corn Processors LLC's Cash-to-Debt

For the Oil & Gas Refining & Marketing subindustry, Lake Area Corn Processors LLC'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.

Lake Area Corn Processors LLC's Cash-to-Debt Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Lake Area Corn Processors LLC's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Lake Area Corn Processors LLC's Cash-to-Debt falls into.

Lake Area Corn Processors LLC 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.

Lake Area Corn Processors LLC's Cash to Debt Ratio for the fiscal year 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)
	=	36.774	/	(2.67	+	20.001)
	=	1.62

Lake Area Corn Processors LLC's Cash to Debt Ratio for the quarter that ended in Mar. 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)
	=	1.955	/	(3.707	+	19.441)
	=	0.08

Lake Area Corn Processors LLC (GREY:LKCRU) 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.

Lake Area Corn Processors LLC Cash-to-Debt Related Terms

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

Lake Area Corn Processors LLC (Lake Area Corn Processors LLC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Lake Area Corn Processors LLC (GREY:LKCRU) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

46269 SD Highway 34, P.O. Box 100, Wentworth, SD, USA, 57075

Website

http://www.dakotaethanol.com

Lake Area Corn Processors LLC is a South Dakota limited liability company that owns and manages an ethanol plant that has a nameplate production capacity of 90 million gallons of ethanol per year through its wholly-owned subsidiary Dakota Ethanol, LLC. The principal products produced at the ethanol plant are fuel-grade ethanol, distillers grains and corn oil. The company reports its financial and operating performance in two segments production, which includes the manufacture and marketing of fuel-grade ethanol and co-products of the ethanol production process and ethanol-producing equity method investments, which consists of the aggregation of the company's two equity method operating segments of investment in Guardian Hankinson, LLC and investment in Ring-neck Energy & Feed, LLC.

Executives

Paul Geraets	officer: Commodity Manager	604 W. 9TH, DELL RAPIDS SD 57022
Marty Thompson	director	44762 241ST STREET, WINFRED SD 57076
Wayne Backus	director	313 S. CENTENNIAL AVE, WENTWORTH SD 57075
Dave Anthony Wolles	director	46951 245TH STREET, DELL RAPIDS SD 57022
Randall Lloyd Hansen	director	46094 - 239TH STREET, WENTWORTH SD 57075
Gene Buchholtz Robbi	officer: Chief Financial Officer	45102 HERMAN BOULEVARD, MADISON SD 57042
Alan Mundt Scott	officer: Chief Executive Officer	7105 VALLEY VIEW CIRCLE, BROOKINGS SD 57006
Rick Alan Kasperson	director	21664 - 457TH AVENUE, ARLINGTON SD 57212
Brian D Woldt	director
Van Duyn Douglas L	director
Dean Frederickson	other: General Manager of Plant
Gregory Van Zanten	director
Dale L Thompson	director
Todd M Brown	director	1007 EAGLE RUN, DELL RAPIDS SD 57022
Ronald C Alverson	director

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