Chase Packaging (Chase Packaging) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is Chase Packaging 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. Chase Packaging's cash to debt ratio for the quarter that ended in Dec. 2023 was No Debt ⁽¹⁾.

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, Chase Packaging could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

(1) 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.

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

WHLT' s Cash-to-Debt Range Over the Past 10 Years
Min: No Debt Med: No Debt Max: No Debt
Current: No Debt

During the past 13 years, Chase Packaging's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

WHLT's Cash-to-Debt is ranked better than
99.82% of 547 companies
in the Diversified Financial Services industry
Industry Median: 3.34 vs WHLT: No Debt

Chase Packaging Cash-to-Debt Historical Data

The historical data trend for Chase Packaging'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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Chase Packaging Cash-to-Debt Chart

Chase Packaging Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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No Debt

Chase Packaging 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															No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Chase Packaging's Cash-to-Debt

For the Shell Companies subindustry, Chase Packaging'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.

Chase Packaging's Cash-to-Debt Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Chase Packaging's Cash-to-Debt distribution charts can be found below:

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

Chase Packaging 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.

Chase Packaging's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Chase Packaging had no debt ⁽¹⁾.

Chase Packaging's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Chase Packaging had no debt ⁽¹⁾.

Chase Packaging (OTCPK:WHLT) 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.

Chase Packaging Cash-to-Debt Related Terms

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

Chase Packaging (Chase Packaging) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Chase Packaging Corp (OTCPK:WHLT) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

PO Box 126, Rumson, NJ, USA, 07760

Website

https://www.chasepackagingcorp.com

Chase Packaging Corp is a shell company.

Executives

John A Forbes	director	107 W. FRANKLIN STREET, P.O. BOX 638, ELKHART IN 46515
Matthew W Long	director	2581 E KERCHER ROAD, GOSHEN IN 46528
Mark C Neilson	director	1361 BRIDGEWATER WAY, MISHAWAKA IN 46545
Wayne A Whitener	director	101 E. PARK BLVD. STE 955, PLANO TX 75074-0846
William J Barrett	director, 10 percent owner, officer: Secretary	210 SUNDIAL COURT, VERO BEACH FL 32963
Allen T Mcinnes	director, 10 percent owner, officer: President and CEO	4532 7TH STREET, LUBBOCK TX 79416
Herbert M Gardner	director, 10 percent owner, officer: Vice President	P O BOX 6199, FAIR HAVEN NJ 07704
Green Ann C W	officer: CFO and Assistant Secretary	636 RIVER ROAD, FAIR HAVEN NJ 07704
Edward L Flynn	director	211 SOMERVILLE ROAD RTE 202N, BEDMINISTER NJ 07921

Chase Packaging (Chase Packaging) Headlines

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Chase Packaging (Chase Packaging) Cash-to-Debt : No Debt (1) (As of Dec. 2023)