Cleanaway Waste Management (Cleanaway Waste Management) Cash-to-Debt : 0.04 (As of Dec. 2023)

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What is Cleanaway Waste Management 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. Cleanaway Waste Management's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.04.

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, Cleanaway Waste Management 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 Cleanaway Waste Management's Cash-to-Debt or its related term are showing as below:

TSPCF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.03 Med: 0.08 Max: 4.7
Current: 0.04

During the past 13 years, Cleanaway Waste Management's highest Cash to Debt Ratio was 4.70. The lowest was 0.03. And the median was 0.08.

TSPCF's Cash-to-Debt is ranked worse than
90.53% of 243 companies
in the Waste Management industry
Industry Median: 0.35 vs TSPCF: 0.04

Cleanaway Waste Management Cash-to-Debt Historical Data

The historical data trend for Cleanaway Waste Management'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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Cleanaway Waste Management Cash-to-Debt Chart

Cleanaway Waste Management Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

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0.08

0.07

0.04

0.06

Cleanaway Waste Management 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															0.03	0.04	0.08	0.06	0.04

Competitive Comparison of Cleanaway Waste Management's Cash-to-Debt

For the Waste Management subindustry, Cleanaway Waste Management'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.

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

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

* The bar in red indicates where Cleanaway Waste Management's Cash-to-Debt falls into.

Cleanaway Waste Management 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.

Cleanaway Waste Management'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)
	=	68.523	/	(66.04	+	1000.47)
	=	0.06

Cleanaway Waste Management'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)
	=	40.562	/	(69.076	+	1057.965)
	=	0.04

Cleanaway Waste Management (OTCPK:TSPCF) 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.

Cleanaway Waste Management Cash-to-Debt Related Terms

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

Cleanaway Waste Management (Cleanaway Waste Management) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Cleanaway Waste Management Ltd (OTCPK:TSPCF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

TG9:Germany CWY:Australia

Address

441 St Kilda Road, Level 4, Melbourne, VIC, AUS, 3004

Website

https://www.cleanaway.com.au

Cleanaway Waste Management is Australia's largest waste management business with a national footprint spanning collection, midstream waste processing, treatment, and valorization, and downstream waste disposal. Cleanaway is active in municipal and commercial and industrial, or C&I, waste stream segments and in nonhazardous and hazardous liquid waste and medical waste streams following the acquisition of Toxfree in fiscal 2018. While Cleanaway is allocating greater capital to midstream waste processing and treatment, earnings remain skewed toward waste collection. Cleanaway is particularly strong in C&I and municipal waste collection with strong market share in all large Australian metro waste collection market.

Cleanaway Waste Management (Cleanaway Waste Management) Headlines

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