Loop Industries (Loop Industries) Cash-to-Debt : 2.83 (As of Nov. 2023)

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What is Loop 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. Loop Industries's cash to debt ratio for the quarter that ended in Nov. 2023 was 2.83.

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, Loop Industries could pay off its debt using the cash in hand for the quarter that ended in Nov. 2023.

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

LOOP' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.86 Med: 9.2 Max: No Debt
Current: 2.83

During the past 13 years, Loop Industries's highest Cash to Debt Ratio was No Debt. The lowest was 0.86. And the median was 9.20.

LOOP's Cash-to-Debt is ranked better than
72.4% of 1551 companies
in the Chemicals industry
Industry Median: 0.74 vs LOOP: 2.83

Loop Industries Cash-to-Debt Historical Data

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

Loop Industries Annual Data

Trend

Sep14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Cash-to-Debt

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0.88

14.72

14.35

13.04

8.96

Loop Industries Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Cash-to-Debt	Get a 7-Day Free Trial															6.55	8.96	6.65	4.02	2.83

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

For the Specialty Chemicals subindustry, Loop 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.

Loop Industries's Cash-to-Debt Distribution in the Chemicals Industry

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

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

Loop 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.

Loop Industries's Cash to Debt Ratio for the fiscal year that ended in Feb. 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)
	=	29.591	/	(0.062	+	3.24)
	=	8.96

Loop Industries's Cash to Debt Ratio for the quarter that ended in Nov. 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)
	=	9.366	/	(0.501	+	2.814)
	=	2.83

Loop Industries (NAS:LOOP) 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.

Loop Industries Cash-to-Debt Related Terms

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

Loop Industries (Loop Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Loop Industries Inc (NAS:LOOP) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

3L9:Germany

Address

480 Fernand-Poitras, Terrebonne, QC, CAN, J6Y 1Y4

Website

http://www.loopindustries.com

Loop Industries Inc is a technology and licensing company whose mission is to accelerate the world's shift toward sustainable plastic and away from dependence on fossil fuels. The company owns patented and proprietary technology that depolymerizes no and low value waste PET plastic and polyester fiber, including plastic bottles and packaging, carpet and polyester textile of any color, transparency or condition and even ocean plastics that have been degraded by the sun and salt, to its base building blocks (monomers). Its monomers are filtered, purified and repolymerized to create virgin-quality Loop branded PET plastic resin and polyester fiber suitable for use in food-grade packaging to be sold to consumer goods companies to help them meet their sustainability objectives.

Executives

Fady Mansour	officer: Chief Financial Officer	480 FERNAND POITRAS, TERREBONNE A8 J6Y 1Y4
Nicolas Lafond	officer: Interim CFO	480 FERNAND-POITRAS, TERREBONNE A8 J6Y 1Y4
Yves Perron	officer: VP, Engineering & Construction	480 FERNAND-POITRAS, TERREBONNE A8 J6Y 1Y4
Stephen Champagne	officer: Chief Technology Officer	480, RUE FERNAND-POITRAS, TERREBONNE A8 J6Y 1Y4
Jonghyuk Lee	director	C/O SK GLOBAL CHEMICAL CO., LTD., 26, JONG-RO, JONGNO-GU, SEOUL M5 03188
Louise S Sams	director	C/O COSTAR GROUP, INC., 1331 L STREET NW, WASHINGTON DC 20005
Thomas Andrew Hickey	officer: CFO	480, RUE FERNAND-POITRAS, TERREBONNE A8 J6Y 1Y4
Daniel Solomita	director, 10 percent owner, officer: President, Secretary & Treas.	1999 AVENUE OF THE STARS, SUITE 2520, LOS ANGELES CA 90067
Nelson Gentiletti	officer: COO and CFO	480 FERNAND-POITRAS, TERREBONE A8 J6Y 1Y4
Jay Howard Stubina	director	480 FERNAND POITRAS, TERREBONE A8 J6Y 1Y4
Laurence G. Sellyn	director	480 FERNAND POITRAS, TERREBONNE A8 J6Y 1Y4
Sheila Morin	officer: CMO	480, RUE FERNAND-POITRAS, TERREBONNE A8 J6Y 1Y4
Northern Private Capital Fund I Non-resident Limited Partnership	10 percent owner	135 YORKVILLE AVENUE, 9TH FLOOR, TORONTO Z4 A6 M5R 0C7
Northern Private Capital Fund I Limited Partnership	10 percent owner	135 YORKVILLE AVENUE, 9TH FLOOR, TORONTO A6 M5R 0C7
Peter Kezios	director	480, RUE FERNAND-POITRAS, TERREBONNE A8 J6Y 1Y4