Pacific Green Technologies (Pacific Green Technologies) Cash-to-Debt : 3.87 (As of Dec. 2023)

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What is Pacific Green Technologies 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. Pacific Green Technologies's cash to debt ratio for the quarter that ended in Dec. 2023 was 3.87.

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, Pacific Green Technologies 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 Pacific Green Technologies's Cash-to-Debt or its related term are showing as below:

PGTK' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 4.81 Max: 153.33
Current: 3.87

During the past 13 years, Pacific Green Technologies's highest Cash to Debt Ratio was 153.33. The lowest was 0.00. And the median was 4.81.

PGTK's Cash-to-Debt is ranked better than
69.05% of 2998 companies
in the Industrial Products industry
Industry Median: 1.18 vs PGTK: 3.87

Pacific Green Technologies Cash-to-Debt Historical Data

The historical data trend for Pacific Green Technologies'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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Pacific Green Technologies Cash-to-Debt Chart

Pacific Green Technologies Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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153.33

11.73

17.77

9.39

0.43

Pacific Green Technologies Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															0.12	0.43	104.67	0.10	3.87

Competitive Comparison of Pacific Green Technologies's Cash-to-Debt

For the Pollution & Treatment Controls subindustry, Pacific Green Technologies'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.

Pacific Green Technologies's Cash-to-Debt Distribution in the Industrial Products Industry

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

* The bar in red indicates where Pacific Green Technologies's Cash-to-Debt falls into.

Pacific Green Technologies 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.

Pacific Green Technologies's Cash to Debt Ratio for the fiscal year that ended in Mar. 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)
	=	1.16	/	(2.605	+	0.085)
	=	0.43

Pacific Green Technologies'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)
	=	13.064	/	(2.74	+	0.638)
	=	3.87

Pacific Green Technologies (OTCPK:PGTK) 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.

Pacific Green Technologies Cash-to-Debt Related Terms

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Pacific Green Technologies (Pacific Green Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Pacific Green Technologies Inc (OTCPK:PGTK) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

8 The Green, Suite 10212, Dover, DE, USA, 19901

Website

https://www.pacificgreen-group.com

Pacific Green Technologies Inc is engaged in developing emission control systems technology. The company design, manufactures, and implements flue gas emission control systems throughout the world. It offers a product such as ENVI-Marine for the marine industry, ENVI-Pure for the waste-to-energy and biomass industries, and ENVI-Clean is designed for coal-fired power electricity generation and industrial plants involved in steel generation. Geographically, it has a presence in North America, Asia, and Europe of which it derives a majority of its revenue from the Europe region.

Executives

Fresh Air Investments (canada) Ltd.	10 percent owner	409-221 W. ESPLANADE, NORTH VANCOUVER A1 V7M 3J3
Twynam Investments Proprietary Ltd	10 percent owner, other: Chief Financial Officer	226 LIVERPOOL STREET, DARLINGHURST, SYDNEY C3 2010
Richard Fraser-smith	officer: Chief Financial Officer	7 NIGHTINGALE ROAD, HAMPTON, MIDDLESEX X0 TW12 3HU
Pacific Green Group Ltd	10 percent owner	BISON COURT, ROAD TOWN, TORTOLA D8 0000
Alexander Shead	director	10/50 BERRY STREET, NORTH SYDNEY NSW C3 0000
Chris Williams	director	335A THORPE ROAD, PETERBOROUGH CAMBS X0 PE3 6LU
Andrew Jolly	director	SOPHIA HOUSE, 28 CATHEDRAL ROAD, CARDIFF X0 CF911 9LJ
Neil Carmichael	director	5205 PROSPECT ROAD, SUITE 135 - 226, SAN JOSE CA 95129
Jordan Starkman	director, officer: President/Secretary/Treasurer	5205 PROSPECT ROAD, SUITE 135 - 226, SAN JOSE CA 95129