PlasCred Circular Innovations (PlasCred Circular Innovations) Cash-to-Debt : 0.07 (As of Jun. 2023)

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What is PlasCred Circular Innovations 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. PlasCred Circular Innovations's cash to debt ratio for the quarter that ended in Jun. 2023 was 0.07.

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, PlasCred Circular Innovations couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2023.

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

MGPRF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.14 Med: 269.57 Max: 539
Current: 539

During the past 2 years, PlasCred Circular Innovations's highest Cash to Debt Ratio was 539.00. The lowest was 0.14. And the median was 269.57.

MGPRF's Cash-to-Debt is ranked better than
97.06% of 238 companies
in the Waste Management industry
Industry Median: 0.35 vs MGPRF: 539.00

PlasCred Circular Innovations Cash-to-Debt Historical Data

The historical data trend for PlasCred Circular Innovations'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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PlasCred Circular Innovations Cash-to-Debt Chart

PlasCred Circular Innovations Annual Data

Trend

Dec22

Dec23

Cash-to-Debt

0.14

402.00

PlasCred Circular Innovations Quarterly Data
	Jun22	Mar23	Jun23	Dec23
Cash-to-Debt	N/A	0.28	0.07	402.00

Competitive Comparison of PlasCred Circular Innovations's Cash-to-Debt

For the Waste Management subindustry, PlasCred Circular Innovations'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.

PlasCred Circular Innovations's Cash-to-Debt Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, PlasCred Circular Innovations's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where PlasCred Circular Innovations's Cash-to-Debt falls into.

PlasCred Circular Innovations 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.

PlasCred Circular Innovations's Cash to Debt Ratio for the fiscal year 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)
	=	0.402	/	(0.001	+	0)
	=	402.00

PlasCred Circular Innovations's Cash to Debt Ratio for the quarter 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)
	=	0.099	/	(1.432	+	0)
	=	0.07

PlasCred Circular Innovations (OTCPK:MGPRF) 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.

PlasCred Circular Innovations Cash-to-Debt Related Terms

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PlasCred Circular Innovations (PlasCred Circular Innovations) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » PlasCred Circular Innovations Inc (OTCPK:MGPRF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

XV2:Germany PLAS:Canada

Address

810 - 789 West Pender Street, Vancouver, BC, CAN, V6C 1H2

Website

https://www.plascred.com

PlasCred Circular Innovations Inc is a green technology company based in Alberta, whose patent-pending and proprietary process enables true plastic waste removal in a scalable, systematic and profitable way. The PlasCred process hopes to deliver a commercially viable plastic recycling process, providing immediate economic benefit for industry, communities and government organizations for handling waste plastic.

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