Highwater Ethanol LLC (Highwater Ethanol LLC) Cash-to-Debt : 24.06 (As of Jan. 2024)

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What is Highwater Ethanol LLC 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. Highwater Ethanol LLC's cash to debt ratio for the quarter that ended in Jan. 2024 was 24.06.

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, Highwater Ethanol LLC could pay off its debt using the cash in hand for the quarter that ended in Jan. 2024.

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

HEOL' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.04 Med: 0.21 Max: 40.63
Current: 24.06

During the past 13 years, Highwater Ethanol LLC's highest Cash to Debt Ratio was 40.63. The lowest was 0.04. And the median was 0.21.

HEOL's Cash-to-Debt is not ranked
in the Oil & Gas industry.
Industry Median: 0.48 vs HEOL: 24.06

Highwater Ethanol LLC Cash-to-Debt Historical Data

The historical data trend for Highwater Ethanol LLC'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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Highwater Ethanol LLC Cash-to-Debt Chart

Highwater Ethanol LLC Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Cash-to-Debt

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0.16

0.05

1.49

22.83

40.63

Highwater Ethanol LLC Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Cash-to-Debt	Get a 7-Day Free Trial															10.94	12.32	19.22	40.63	24.06

Competitive Comparison of Highwater Ethanol LLC's Cash-to-Debt

For the Oil & Gas Refining & Marketing subindustry, Highwater Ethanol LLC'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.

Highwater Ethanol LLC's Cash-to-Debt Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Highwater Ethanol LLC's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Highwater Ethanol LLC's Cash-to-Debt falls into.

Highwater Ethanol LLC 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.

Highwater Ethanol LLC's Cash to Debt Ratio for the fiscal year that ended in Oct. 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)
	=	41.52	/	(0.242	+	0.78)
	=	40.63

Highwater Ethanol LLC's Cash to Debt Ratio for the quarter that ended in Jan. 2024 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)
	=	22.833	/	(0.203	+	0.746)
	=	24.06

Highwater Ethanol LLC (GREY:HEOL) 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.

Highwater Ethanol LLC Cash-to-Debt Related Terms

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Highwater Ethanol LLC (Highwater Ethanol LLC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Highwater Ethanol LLC (GREY:HEOL) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

24500 US Highway 14, P.O. Box 96, Lamberton, MN, USA, 56152

Website

http://www.highwaterethanol.com

Highwater Ethanol LLC is engaged in the production of ethanol and distillers grains at the plant. It focuses on the manufacturing and marketing of fuel-grade ethanol and the co-products of the ethanol production process. Its products include fuel-grade ethanol, distillers grains, and corn oil. The company produces and sells fuel ethanol and co-products of the fuel ethanol production process in the continental United States.

Executives

Gerald R Forsythe	director	600 N BUFFALO GROVE RD, BUFFALO GROVE IL 60089
Mark Warren Pankonin	director	23620 COUNTY ROAD 4 LAMBERTON MN 56152
David Richard Eis	officer: Governor	26116 GARDEN AVE WABASSO MN 56293
Lucas Grant Schneider	officer: Chief Financial Officer	2858 LINDEN AVENUE SLAYTON MN 56172
Luke T Spalj	other: Govenor	1360 POST OAK BLVD, STE 2100, HOUSTON TX 77056
Scott A Brittenham	director	4400 E. BROADWAY SUITE 600 TUSCON AZ 85711
Rex Roehl	director	600 NORTH BUFFALO GROVE ROAD, SUITE 300 BUFFALO GROVE IL 60089
Mark W Peterson	officer: CFO	712 W VICTORY LANE SIOUX FALLS SD 57108
Jason Ray Fink	director	3903 COVEY TR MINNETRISTA MN 55375
George Michael Goblish	director	32866 DAYTON AVENUE VESTA MN 56292
Ronald Eric Jorgenson	director	33689 CO ROAD 4 JEFFERS MN 56145
Brian D Kletscher	director, officer: CEO	26161 140TH ST LAMBERTON MN 56152
Michael John Landuyt	director	13526 CAMP AVENUE WALNUT GROVE MN 56180
Todd Allen Reif	director	123 SAVANNAH HEIGHTS BLVD LYND MN 56175
Monica Rose Anderson	director	2736 211TH STREET WALNUT GROVE MN 56180

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