Green Impact Partners (TSXV:GIP) Cash-to-Debt : 0.05 (As of Sep. 2023)

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What is Green Impact Partners 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. Green Impact Partners's cash to debt ratio for the quarter that ended in Sep. 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, Green Impact Partners couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

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

TSXV:GIP' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.04 Med: 0.08 Max: 74.72
Current: 0.05

During the past 3 years, Green Impact Partners's highest Cash to Debt Ratio was 74.72. The lowest was 0.04. And the median was 0.08.

TSXV:GIP's Cash-to-Debt is ranked worse than
85.01% of 427 companies
in the Utilities - Independent Power Producers industry
Industry Median: 0.22 vs TSXV:GIP: 0.05

Green Impact Partners Cash-to-Debt Historical Data

The historical data trend for Green Impact Partners'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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Green Impact Partners Cash-to-Debt Chart

Green Impact Partners Annual Data

Trend

Dec20

Dec21

Dec22

Cash-to-Debt

12.22

0.04

Green Impact Partners Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial									0.04	0.04	0.04	0.04	0.05

Competitive Comparison of Green Impact Partners's Cash-to-Debt

For the Utilities - Renewable subindustry, Green Impact Partners'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.

Green Impact Partners's Cash-to-Debt Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Green Impact Partners's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Green Impact Partners's Cash-to-Debt falls into.

Green Impact Partners 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.

Green Impact Partners's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 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)
	=	2.692	/	(0.348	+	66.057)
	=	0.04

Green Impact Partners's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	1.295	/	(0.279	+	26.887)
	=	0.05

Green Impact Partners (TSXV:GIP) 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.

Green Impact Partners Cash-to-Debt Related Terms

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Green Impact Partners (TSXV:GIP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Green Impact Partners Inc (TSXV:GIP) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

04B:Germany

Address

2207 - 4th Street S.W., Suite 400, Calgary, AB, CAN, T2S 1X1

Website

https://www.greenipi.com

Green Impact Partners Inc is a clean energy company with an operating portfolio of water and solids treatment and recycling facilities in North America. The company also has a portfolio of renewable natural gas and clean energy development projects. Its services include water and solids recycling management, disposal services, and energy product optimization services. Its operating segments are Water and Industrial, and Energy Production. The Water and Industrial segment consists of water, waste, and solids disposal and recycling services as well as other marketing operations. The Energy Production segment is currently comprised of multiple pre-production renewable energy projects.

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