Cleantek Industries (TSXV:CTEK) Cash-to-Debt : 0.05 (As of Dec. 2023)

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What is Cleantek 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. Cleantek Industries's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.05.

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

TSXV:CTEK' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.04 Med: 0.06 Max: 0.2
Current: 0.05

During the past 4 years, Cleantek Industries's highest Cash to Debt Ratio was 0.20. The lowest was 0.04. And the median was 0.06.

TSXV:CTEK's Cash-to-Debt is ranked worse than
95.56% of 2976 companies
in the Industrial Products industry
Industry Median: 1.22 vs TSXV:CTEK: 0.05

Cleantek Industries Cash-to-Debt Historical Data

The historical data trend for Cleantek 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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Cleantek Industries Cash-to-Debt Chart

Cleantek Industries Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

0.04

0.20

0.06

0.05

Cleantek Industries Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial									0.06	0.07	0.06	0.05	0.05

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

For the Specialty Industrial Machinery subindustry, Cleantek 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.

Cleantek Industries's Cash-to-Debt Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Cleantek Industries's Cash-to-Debt distribution charts can be found below:

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

Cleantek 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.

Cleantek Industries'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)
	=	0.6	/	(3.272	+	8.47)
	=	0.05

Cleantek Industries'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)
	=	0.6	/	(3.272	+	8.47)
	=	0.05

Cleantek Industries (TSXV:CTEK) 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.

Cleantek Industries Cash-to-Debt Related Terms

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Cleantek Industries (TSXV:CTEK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Cleantek Industries Inc (TSXV:CTEK) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

GLKFF:USA

Address

500 - 4th Avenue SW, Suite 3200, Calgary, AB, CAN, T2P 2V6

Website

https://www.cleantekinc.com

Cleantek Industries Inc is engaged in the manufacturing and rental of equipment to the oil and gas and construction industries in Western Canada and the United States. Its products include ZeroE, Halo, DZeroE, and SolarHybrid.Li, SolarHybrid, and Stadium Lighting among others. The company's revenue is generated primarily from the rental and service of dehydration units, lighting towers, and lighting systems based on fixed or agreed-upon service contracts with the customer.

Executives

Pillarfour Capital Partners Inc.

10% Security Holder