Plastic2Oil (Plastic2Oil) Cash-to-Debt : 0.00 (As of Sep. 2019)

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What is Plastic2Oil 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. Plastic2Oil's cash to debt ratio for the quarter that ended in Sep. 2019 was 0.00.

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, Plastic2Oil couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2019.

The historical rank and industry rank for Plastic2Oil's Cash-to-Debt or its related term are showing as below:

PTOI's Cash-to-Debt is not ranked ^*
in the Waste Management industry.
Industry Median: 0.34
* Ranked among companies with meaningful Cash-to-Debt only.

Plastic2Oil Cash-to-Debt Historical Data

The historical data trend for Plastic2Oil'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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Plastic2Oil Cash-to-Debt Chart

Plastic2Oil Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Cash-to-Debt

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0.04

0.03

0.02

Plastic2Oil Quarterly Data
	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19
Cash-to-Debt	Get a 7-Day Free Trial															0.01	-	-	-	-

Competitive Comparison of Plastic2Oil's Cash-to-Debt

For the Waste Management subindustry, Plastic2Oil'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.

Plastic2Oil's Cash-to-Debt Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Plastic2Oil's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Plastic2Oil's Cash-to-Debt falls into.

Plastic2Oil 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.

Plastic2Oil's Cash to Debt Ratio for the fiscal year that ended in Dec. 2018 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)
	=	0.048	/	(9.947	+	0.763)
	=	0.00

Plastic2Oil's Cash to Debt Ratio for the quarter that ended in Sep. 2019 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)
	=	0.001	/	(11.046	+	0.834)
	=	0.00

Plastic2Oil (OTCPK:PTOI) 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.

Plastic2Oil Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Plastic2Oil's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Plastic2Oil (Plastic2Oil) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Plastic2Oil Inc (OTCPK:PTOI) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

20 Iroquois Street, Niagara Falls, NY, USA, 14303

Website

https://www.plastic2oil.com

Plastic2Oil Inc is a U.S based fuel company which engages in transforming unsorted and unwashed waste plastic into ultra-clean, ultra-low sulphur fuel without the need for refinement in the United States. It uses waste plastic as feedstock to produce Fuel Oil No. 2, naphtha, and Fuel Oil No. 6 for various uses. The company also produces by-products, including an off-gas similar to natural gas and a petcoke carbon residue.

Executives

Luke R Taylor	10 percent owner, other: See Remarks Below	184 THOMPSON ST, APT 2A, NEW YORK NY 10012
Michael B. Dorrell	10 percent owner, other: See Remarks Below	55 HUDSON YARDS, 550 W. 34TH STREET, 48TH FLOOR, NEW YORK NY 10001
Trent D Vichie	10 percent owner, other: See Remarks Below	55 HUDSON YARDS, 550 W. 34TH STREET, 48TH FLOOR, NEW YORK NY 10001
Duncan D Murdoch	10 percent owner	532 W 22ND ST, APT 2A, NEW YORK NY 10011

Plastic2Oil (Plastic2Oil) Headlines

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