Delta CleanTech (XCNQ:DELT) Cash-to-Debt : 5.49 (As of Sep. 2023)

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What is Delta CleanTech 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. Delta CleanTech's cash to debt ratio for the quarter that ended in Sep. 2023 was 5.49.

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, Delta CleanTech could pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

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

XCNQ:DELT' s Cash-to-Debt Range Over the Past 10 Years
Min: 5.49 Med: 73.27 Max: 117.69
Current: 5.49

During the past 3 years, Delta CleanTech's highest Cash to Debt Ratio was 117.69. The lowest was 5.49. And the median was 73.27.

XCNQ:DELT's Cash-to-Debt is ranked better than
72.68% of 3002 companies
in the Industrial Products industry
Industry Median: 1.185 vs XCNQ:DELT: 5.49

Delta CleanTech Cash-to-Debt Historical Data

The historical data trend for Delta CleanTech'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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Delta CleanTech Cash-to-Debt Chart

Delta CleanTech Annual Data

Trend

Dec20

Dec21

Dec22

Cash-to-Debt

N/A

80.38

18.64

Delta CleanTech Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial						117.69	18.64	16.56	13.01	5.49

Competitive Comparison of Delta CleanTech's Cash-to-Debt

For the Pollution & Treatment Controls subindustry, Delta CleanTech'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.

Delta CleanTech's Cash-to-Debt Distribution in the Industrial Products Industry

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

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

Delta CleanTech 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.

Delta CleanTech'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)
	=	1.901	/	(0.052	+	0.05)
	=	18.64

Delta CleanTech'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)
	=	0.368	/	(0.017	+	0.05)
	=	5.49

Delta CleanTech (XCNQ:DELT) 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.

Delta CleanTech Cash-to-Debt Related Terms

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Delta CleanTech (XCNQ:DELT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Delta CleanTech Inc (XCNQ:DELT) » Definitions » Cash-to-Debt

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Traded in Other Exchanges

DCTIF:USA

Address

2308 Palisade Drive S.W., Calgary, AB, CAN, T2V 3V1

Website

https://www.deltacleantech.ca

Delta CleanTech Inc is a clean energy tech business. It is dedicated to providing clean technology solutions that address the environmental and social governance needs of corporations. The principal activity of Delta consists of four pillars namely CO2 capture, hydrogen production, solvent and ethanol purification, and carbon credit certification and trading. The Company operates in Canada, the United States, United Arab Emirates, Kazakhstan, and China.

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