Forward Water Technologies (TSXV:FWTC) Cash-to-Debt : 0.27 (As of Dec. 2023)

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What is Forward Water Technologies 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. Forward Water Technologies's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.27.

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, Forward Water Technologies 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 Forward Water Technologies's Cash-to-Debt or its related term are showing as below:

TSXV:FWTC' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 2.96 Max: 12.48
Current: 0.27

During the past 3 years, Forward Water Technologies's highest Cash to Debt Ratio was 12.48. The lowest was 0.01. And the median was 2.96.

TSXV:FWTC's Cash-to-Debt is ranked better than
54.4% of 500 companies
in the Utilities - Regulated industry
Industry Median: 0.24 vs TSXV:FWTC: 0.27

Forward Water Technologies Cash-to-Debt Historical Data

The historical data trend for Forward Water Technologies'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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Forward Water Technologies Cash-to-Debt Chart

Forward Water Technologies Annual Data

Trend

Mar21

Mar22

Mar23

Cash-to-Debt

0.07

9.56

2.96

Forward Water Technologies Quarterly Data
	Sep20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial								3.82	2.96	1.36	0.26	0.27

Competitive Comparison of Forward Water Technologies's Cash-to-Debt

For the Utilities - Regulated Water subindustry, Forward Water Technologies'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.

Forward Water Technologies's Cash-to-Debt Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Forward Water Technologies's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Forward Water Technologies's Cash-to-Debt falls into.

Forward Water Technologies 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.

Forward Water Technologies's Cash to Debt Ratio for the fiscal year that ended in Mar. 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)
	=	0.998	/	(0.337	+	0)
	=	2.96

Forward Water Technologies'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)
	=	0.09	/	(0.339	+	0)
	=	0.27

Forward Water Technologies (TSXV:FWTC) 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.

Forward Water Technologies Cash-to-Debt Related Terms

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Forward Water Technologies (TSXV:FWTC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Forward Water Technologies Corp (TSXV:FWTC) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

1086 Modeland Road, Sarnia, ON, CAN, N7S 6L2

Website

https://www.forwardwater.com

Forward Water Technologies Corp is dedicated towards the commercialization of its proprietary forward osmosis technology. The technology allows manufacturing operations to clean wastewater that would otherwise require costly disposal. The technology also enables the reclamation of up to 90% of the waste as clean water and the return of this valuable resource to the environment. Alternatively, clean water can be reused by manufacturing operations to reduce overall water consumption and environmental footprint.

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