Close The Loop (ASX:CLG) Cash-to-Debt : 0.52 (As of Dec. 2023)

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What is Close The Loop 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. Close The Loop's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.52.

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, Close The Loop 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 Close The Loop's Cash-to-Debt or its related term are showing as below:

ASX:CLG' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.43 Med: 0.46 Max: 0.65
Current: 0.52

During the past 2 years, Close The Loop's highest Cash to Debt Ratio was 0.65. The lowest was 0.43. And the median was 0.46.

ASX:CLG's Cash-to-Debt is ranked better than
58.51% of 241 companies
in the Waste Management industry
Industry Median: 0.34 vs ASX:CLG: 0.52

Close The Loop Cash-to-Debt Historical Data

The historical data trend for Close The Loop'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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Close The Loop Cash-to-Debt Chart

Close The Loop Annual Data

Trend

Jun22

Jun23

Cash-to-Debt

0.43

0.45

Close The Loop Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	0.65	0.43	0.46	0.45	0.52

Competitive Comparison of Close The Loop's Cash-to-Debt

For the Waste Management subindustry, Close The Loop'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.

Close The Loop's Cash-to-Debt Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Close The Loop's Cash-to-Debt distribution charts can be found below:

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

Close The Loop 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.

Close The Loop's Cash to Debt Ratio for the fiscal year that ended in Jun. 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)
	=	49.458	/	(19.86	+	90.997)
	=	0.45

Close The Loop'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)
	=	55.675	/	(18.132	+	88.112)
	=	0.52

Close The Loop (ASX:CLG) 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.

Close The Loop Cash-to-Debt Related Terms

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Close The Loop (ASX:CLG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Close The Loop Ltd (ASX:CLG) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

43-47 Cleeland Road, Oakleigh South, Melbourne, VIC, AUS, 3167

Website

https://www.closetheloop.com.au

Close The Loop Ltd provides reuse, recycling, and sustainability solutions. The company has developed a battery collection and recycling solution in Australia. The group has two operating segments based on differences in products and services provided: resource recovery and packaging.

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