Earthworks Industries (Earthworks Industries) Cash-to-Debt : 0.55 (As of Feb. 2024)

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What is Earthworks Industries 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. Earthworks Industries's cash to debt ratio for the quarter that ended in Feb. 2024 was 0.55.

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, Earthworks Industries couldn't pay off its debt using the cash in hand for the quarter that ended in Feb. 2024.

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

EAATF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.14 Max: 1.73
Current: 0.55

During the past 13 years, Earthworks Industries's highest Cash to Debt Ratio was 1.73. The lowest was 0.01. And the median was 0.14.

EAATF's Cash-to-Debt is ranked better than
61.18% of 237 companies
in the Waste Management industry
Industry Median: 0.34 vs EAATF: 0.55

Earthworks Industries Cash-to-Debt Historical Data

The historical data trend for Earthworks Industries'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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Earthworks Industries Cash-to-Debt Chart

Earthworks Industries Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Cash-to-Debt

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0.01

0.09

0.34

0.23

0.90

Earthworks Industries Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Cash-to-Debt	Get a 7-Day Free Trial															0.09	0.78	0.25	0.90	0.55

Competitive Comparison of Earthworks Industries's Cash-to-Debt

For the Waste Management subindustry, Earthworks Industries'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.

Earthworks Industries's Cash-to-Debt Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Earthworks Industries's Cash-to-Debt distribution charts can be found below:

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

Earthworks Industries 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.

Earthworks Industries's Cash to Debt Ratio for the fiscal year that ended in Nov. 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)
	=	0.663	/	(0.215	+	0.519)
	=	0.90

Earthworks Industries's Cash to Debt Ratio for the quarter that ended in Feb. 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)
	=	0.415	/	(0.758	+	0)
	=	0.55

Earthworks Industries (OTCPK:EAATF) 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.

Earthworks Industries Cash-to-Debt Related Terms

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

Earthworks Industries (Earthworks Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Earthworks Industries Inc (OTCPK:EAATF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

EWK:Canada

Address

800 West Pender Street, Suite 615, Vancouver, BC, CAN, V6C 2V6

Website

https://www.earthworksinc.com

Earthworks Industries Inc is engaged in waste disposal. The company project includes Cortina Integrated Waste Management Project. Its geographical segments include Canada and the United States.

Earthworks Industries (Earthworks Industries) Headlines

From GuruFocus

EARTHWORKS DISCLOSES PROJECTED VALUE OF CORTINA PROJECT IN CALIFORNIA

By PRNewswire • 07-21-2023

Earthworks Industries Inc. - CORTINA UPDATE

By PRNewswire • 08-16-2023