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BluSky Carbon (XCNQ:BSKY) Cash-to-Debt : 0.77 (As of May. 2024)


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What is BluSky Carbon 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. BluSky Carbon's cash to debt ratio for the quarter that ended in May. 2024 was 0.77.

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, BluSky Carbon couldn't pay off its debt using the cash in hand for the quarter that ended in May. 2024.

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

XCNQ:BSKY' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.03   Med: 1.33   Max: 5.03
Current: 0.77

During the past 2 years, BluSky Carbon's highest Cash to Debt Ratio was 5.03. The lowest was 0.03. And the median was 1.33.

XCNQ:BSKY's Cash-to-Debt is ranked worse than
58.25% of 2994 companies
in the Industrial Products industry
Industry Median: 1.18 vs XCNQ:BSKY: 0.77

BluSky Carbon Cash-to-Debt Historical Data

The historical data trend for BluSky Carbon'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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BluSky Carbon Cash-to-Debt Chart

BluSky Carbon Annual Data
Trend Aug22 Aug23
Cash-to-Debt
0.03 -

BluSky Carbon Quarterly Data
Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24
Cash-to-Debt Get a 7-Day Free Trial N/A - 5.03 1.90 0.77

Competitive Comparison of BluSky Carbon's Cash-to-Debt

For the Pollution & Treatment Controls subindustry, BluSky Carbon'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.

BluSky Carbon's Cash-to-Debt Distribution in the Industrial Products Industry

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

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


BluSky Carbon 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.

BluSky Carbon's Cash to Debt Ratio for the fiscal year that ended in Aug. 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 / (0.074 + 0.059)
=0.00

BluSky Carbon's Cash to Debt Ratio for the quarter that ended in May. 2024 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)
=0.905 / (0.461 + 0.713)
=0.77

* 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.

BluSky Carbon  (XCNQ:BSKY) 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.

BluSky Carbon Cash-to-Debt Related Terms

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BluSky Carbon Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » BluSky Carbon Inc (XCNQ:BSKY) » Definitions » Cash-to-Debt
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Traded in Other Exchanges
QE4:Germany
Address
220-333 Terminal Avenue, Vancouver, BC, CAN, V6A 4C1
Website
https://www.bluskycarbon.com
BluSky Carbon Inc is a company whose technology is founded on renewable and sustainable energy creation from biomass feedstock. The company offers products such as systems integration, Vulcan Biomass pyrolysis systems, Medusa carbon mineralization system and kronos which is a system that is designed to be powered by renewable energy produced by the Vulcan system.

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