Environmental Clean Technologies (Environmental Clean Technologies) Cash-to-Debt : 1.05 (As of Dec. 2023)

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What is Environmental Clean 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. Environmental Clean Technologies's cash to debt ratio for the quarter that ended in Dec. 2023 was 1.05.

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

EVSJF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.04 Med: 0.53 Max: 1.75
Current: 1.04

During the past 13 years, Environmental Clean Technologies's highest Cash to Debt Ratio was 1.75. The lowest was 0.04. And the median was 0.53.

EVSJF's Cash-to-Debt is ranked worse than
52.25% of 2999 companies
in the Industrial Products industry
Industry Median: 1.2 vs EVSJF: 1.04

Environmental Clean Technologies Cash-to-Debt Historical Data

The historical data trend for Environmental Clean 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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Environmental Clean Technologies Cash-to-Debt Chart

Environmental Clean Technologies Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

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0.19

1.29

0.51

1.75

0.54

Environmental Clean Technologies Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															1.12	1.75	1.34	0.54	1.05

Competitive Comparison of Environmental Clean Technologies's Cash-to-Debt

For the Pollution & Treatment Controls subindustry, Environmental Clean 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.

Environmental Clean Technologies's Cash-to-Debt Distribution in the Industrial Products Industry

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

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

Environmental Clean 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.

Environmental Clean Technologies'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)
	=	0.863	/	(1.413	+	0.183)
	=	0.54

Environmental Clean 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)
	=	0.938	/	(0.753	+	0.145)
	=	1.04

Environmental Clean Technologies (OTCPK:EVSJF) 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.

Environmental Clean Technologies Cash-to-Debt Related Terms

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Environmental Clean Technologies (Environmental Clean Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Environmental Clean Technologies Ltd (OTCPK:EVSJF) » Definitions » Cash-to-Debt

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ECT:Australia

Address

209 Toorak Road, Suite 37, South Yarra, VIC, AUS, 3141

Website

https://www.ectltd.com.au

Environmental Clean Technologies Ltd is in the business of commercializing coal and iron-making technologies, which are capable of delivering both financial and environmental benefits. Its activities include the following processes: Coldry Process and Hydromor Process. The Coldry process is the company's first technology to be commercially viable as an economic method of dewatering brown coal to produce a black coal equivalent. Hydromor is a clean, low-emission, one-step process for producing high-grade primary iron using low-cost lignite to displace the need for coking coals as used in the incumbent blast furnace process.

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