Citrine Global (Citrine Global) Cash-to-Debt : 0.03 (As of Sep. 2023)

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What is Citrine Global 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. Citrine Global's cash to debt ratio for the quarter that ended in Sep. 2023 was 0.03.

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

CTGL' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 1.67 Max: No Debt
Current: 0.03

During the past 13 years, Citrine Global's highest Cash to Debt Ratio was No Debt. The lowest was 0.01. And the median was 1.67.

CTGL's Cash-to-Debt is ranked worse than
92.48% of 1849 companies
in the Consumer Packaged Goods industry
Industry Median: 0.53 vs CTGL: 0.03

Citrine Global Cash-to-Debt Historical Data

The historical data trend for Citrine Global'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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Citrine Global Cash-to-Debt Chart

Citrine Global Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

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5.94

1.20

0.63

0.19

0.04

Citrine Global Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial															0.09	0.04	0.03	0.01	0.03

Competitive Comparison of Citrine Global's Cash-to-Debt

For the Packaged Foods subindustry, Citrine Global'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.

Citrine Global's Cash-to-Debt Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Citrine Global's Cash-to-Debt distribution charts can be found below:

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

Citrine Global 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.

Citrine Global'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)
	=	0.077	/	(0.082	+	1.975)
	=	0.04

Citrine Global'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)
	=	0.058	/	(0.172	+	2.071)
	=	0.03

Citrine Global (OTCPK:CTGL) 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.

Citrine Global Cash-to-Debt Related Terms

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

Citrine Global (Citrine Global) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Citrine Global Corp (OTCPK:CTGL) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

5 Golden Beach, Caesarea, ISR, 3088900

Website

https://www.citrine-global.com

Citrine Global Corp is a plant-based wellness and pharma solutions company. Its product line includes GreenFeels; SmokLy; Medicinal Mushrooms; Booster; Personal Protection and Balance and Calm products.

Executives

David Kretzmer	director	350 FIFTH AVENUE, NEW YORK NY 10118
Ilan Ben-ishay	director	C/O CITRINE S A L, INVESTMENT & HOLDINGS LTD 3 HAMELACHA ST, TEL AVIV L3 6721503
Yaron Pitaru	10 percent owner	C/O WEALTHSTONE HOLDINGS LTD,, 3 HAMELACHA, TEL AVIV L3 10036
Soffer Ora Meir	director, 10 percent owner	C/O CITRINE S A L, INVESTMENT & HOLDINGS LTD, 3 HAMELAC ST, TEL AVIV L3 6721503
Golden Holdings Neto Ltd	10 percent owner	18 BAALEI MELACHA, HAIFA L3 3223016
Citrine S A L Investment & Holdings Ltd	10 percent owner	3 HAMELACHA ST, TEL AVIV L3 6721503
Wealthstone Private Equity Ltd	10 percent owner	3 HAMELACHA ST, TEL AVIV L3 6721503
Wealthstone Holdings Ltd	10 percent owner	3 HAMELACHA, TEL AVIV L3 6721503
Beezz Home Technologies Ltd	10 percent owner	KEREM MAHARAL, MOSHAV L3 3084000
Ilanit Halperin	director	C/O CITRINE S A L, INVESTMENT & HOLDINGS LTD, 3 HAMELACHA, TEL AVIV L3 6721503
Yossef De-levy	director	1140 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Oren Traistman	director	1140 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Tali Dinar	officer: Chief Financial Officer	C/O MICRONET ENERTEC TECHNOLOGIES, INC., 70 KINDERKAMACK ROAD, EMERSON NJ 07630
Marius Nacht	10 percent owner	18 YEHEZKEL ST, TEL AVIV-YAFO L3 6259524
Zvi Yemini	director, officer: Chief Executive Officer	1140 AVENUE OF THE AMERICAS, NEW YORK NY 10036