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GFL Environmental (GFL Environmental) Cash-to-Debt : 0.01 (As of Mar. 2024)


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What is GFL Environmental 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. GFL Environmental's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.01.

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

GFL' s Cash-to-Debt Range Over the Past 10 Years
Min: 0   Med: 0.02   Max: 0.25
Current: 0.01

During the past 8 years, GFL Environmental's highest Cash to Debt Ratio was 0.25. The lowest was 0.00. And the median was 0.02.

GFL's Cash-to-Debt is ranked worse than
95.04% of 242 companies
in the Waste Management industry
Industry Median: 0.355 vs GFL: 0.01

GFL Environmental Cash-to-Debt Historical Data

The historical data trend for GFL Environmental'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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GFL Environmental Cash-to-Debt Chart

GFL Environmental Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cash-to-Debt
Get a 7-Day Free Trial 0.07 - 0.02 0.01 0.02

GFL Environmental 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.01 0.01 0.02 0.02 0.01

Competitive Comparison of GFL Environmental's Cash-to-Debt

For the Waste Management subindustry, GFL Environmental'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.


GFL Environmental's Cash-to-Debt Distribution in the Waste Management Industry

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

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



GFL Environmental 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.

GFL Environmental's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

GFL Environmental's Cash to Debt Ratio for the quarter that ended in Mar. 2024 is calculated as:

* 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.


GFL Environmental  (NYSE:GFL) 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.


GFL Environmental Cash-to-Debt Related Terms

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GFL Environmental (GFL Environmental) Business Description

Traded in Other Exchanges
Address
100 New Park Place, Suite 500, Vaughan, ON, CAN, L4K 0H9
GFL Environmental Inc is an environmental services company. Its offerings include non-hazardous solid waste management, infrastructure, soil remediation, and liquid waste management services. Its solid waste management business line, which generates the majority of the revenue, consists of the collection, transportation, transfer, recycling, and disposal of non-hazardous solid waste. Its Environmental Services business line includes liquid waste and soil remediation. GFL's geographical segments are Canada and the United States.