Eightco Holdings (Eightco Holdings) Cash-to-Debt : 0.14 (As of Dec. 2023)

View and export this data going back to 2022. Start your Free Trial

What is Eightco Holdings 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. Eightco Holdings's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.14.

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, Eightco Holdings couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

OCTO' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.14 Med: 0.16 Max: 0.22
Current: 0.14

During the past 4 years, Eightco Holdings's highest Cash to Debt Ratio was 0.22. The lowest was 0.14. And the median was 0.16.

OCTO's Cash-to-Debt is ranked worse than
75.46% of 379 companies
in the Packaging & Containers industry
Industry Median: 0.4 vs OCTO: 0.14

Eightco Holdings Cash-to-Debt Historical Data

The historical data trend for Eightco Holdings'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.

* Premium members only.

Eightco Holdings Cash-to-Debt Chart

Eightco Holdings Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

N/A

0.22

0.16

0.14

Eightco Holdings Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial								0.16	0.11	0.13	0.10	0.14

Competitive Comparison of Eightco Holdings's Cash-to-Debt

For the Packaging & Containers subindustry, Eightco Holdings'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.

Eightco Holdings's Cash-to-Debt Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Eightco Holdings's Cash-to-Debt distribution charts can be found below:

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

Eightco Holdings 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.

Eightco Holdings's Cash to Debt Ratio for the fiscal year 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)
	=	5.248	/	(22.762	+	14.134)
	=	0.14

Eightco Holdings'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)
	=	5.248	/	(22.762	+	14.134)
	=	0.14

Eightco Holdings (NAS:OCTO) 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.

Eightco Holdings Cash-to-Debt Related Terms

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

Eightco Holdings (Eightco Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Eightco Holdings Inc (NAS:OCTO) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

200 9th Avenue North, Suite 220, Safety Harbor, FL, USA, 34695

Website

https://www.8co.holdings

Eightco Holdings Inc is committed to growth focused around its existing subsidiaries, Forever 8, an inventory management platform for e-commerce sellers, and Ferguson Containers, a provider of complete manufacturing and logistical solutions for product and packaging needs, through strategic management and investment. In addition, the company is actively seeking new opportunities to add to its portfolio of technology solutions focused on the e-commerce ecosystem through strategic acquisitions.

Executives

Brian Mcfadden	director, officer: President and CEO	855 BAYWAY BLVD, CLEARWATER BEACH FL 33767
Louis Foreman	director	520 ELLIOT STREET, CHARLOTTE NC 28202
Frank D Jennings	director	1739 SAILMAKER STREET, CHARLESTON SC 29492
Vroman Brett Earl James	officer: Chief Financial Officer	C/O EDISON NATION, INC., 909 NEW BRUNSWICK AVENUE, PHILLIPSBURG NJ 08865
Kevin J O'donnell	director, officer: Chairman	91 OAKLEIGH LANE, MAITLAND FL 32751
Vinco Ventures, Inc.	10 percent owner	C/O INCORP SERVICES, 3773 HOWARD HUGHES PKWY. STE 500S, LAS VEGAS NV 89169
Mary Ann Halford	director	12 BRIARBROOK DRIVE, BRIARCLIFF MANOR NY 10510