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Hydrograph Clean Power (XCNQ:HG) Cash-to-Debt : 1.24 (As of Dec. 2023)


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What is Hydrograph Clean Power 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. Hydrograph Clean Power's cash to debt ratio for the quarter that ended in Dec. 2023 was 1.24.

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, Hydrograph Clean Power could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

XCNQ:HG' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.73   Med: 4.08   Max: 10.66
Current: 1.24

During the past 4 years, Hydrograph Clean Power's highest Cash to Debt Ratio was 10.66. The lowest was 0.73. And the median was 4.08.

XCNQ:HG's Cash-to-Debt is ranked better than
59.53% of 1547 companies
in the Chemicals industry
Industry Median: 0.74 vs XCNQ:HG: 1.24

Hydrograph Clean Power Cash-to-Debt Historical Data

The historical data trend for Hydrograph Clean Power'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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Hydrograph Clean Power Cash-to-Debt Chart

Hydrograph Clean Power Annual Data
Trend Sep20 Sep21 Sep22 Sep23
Cash-to-Debt
1.64 0.73 8.81 2.07

Hydrograph Clean Power 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.56 1.57 4.08 2.07 1.24

Competitive Comparison of Hydrograph Clean Power's Cash-to-Debt

For the Specialty Chemicals subindustry, Hydrograph Clean Power'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.

Hydrograph Clean Power's Cash-to-Debt Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Hydrograph Clean Power's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Hydrograph Clean Power's Cash-to-Debt falls into.


Hydrograph Clean Power 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.

Hydrograph Clean Power's Cash to Debt Ratio for the fiscal year 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)
=0.69 / (0.077 + 0.256)
=2.07

Hydrograph Clean Power'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)
=0.386 / (0.076 + 0.235)
=1.24

* 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.

Hydrograph Clean Power  (XCNQ:HG) 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.

Hydrograph Clean Power Cash-to-Debt Related Terms

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Hydrograph Clean Power (XCNQ:HG) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Hydrograph Clean Power Inc (XCNQ:HG) » Definitions » Cash-to-Debt
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XCNQ:FNDX TSXV:CNO TSXV:FRXI TSXV:GGG TSXV:IZ XCNQ:SIXW TSXV:IPD XCNQ:SURE LIN XPAR:AI APD SHW ECL XSWX:SIKA SHSE:600309 BOM:500820 DD XSWX:GIVN LYB PPG
Traded in Other Exchanges
HGCPF:USA M98:Germany
Address
1 King Street West, Suite 4800-118, Toronto, ON, CAN, M5H 1A1
Website
https://www.hydrograph.com
Hydrograph Clean Power Inc is engaged in the acquisition and development of graphene and hydrogen-related products and services. The company is a commercial manufacturer of high-quality nanomaterials and alternative-energy fuels.