AquaBounty Technologies (AquaBounty Technologies) Cash-to-Debt : 0.94 (As of Dec. 2023)

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What is AquaBounty 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. AquaBounty Technologies's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.94.

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

AQB' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.16 Med: 5.86 Max: No Debt
Current: 0.94

During the past 13 years, AquaBounty Technologies's highest Cash to Debt Ratio was No Debt. The lowest was 0.16. And the median was 5.86.

AQB's Cash-to-Debt is ranked better than
60.98% of 1853 companies
in the Consumer Packaged Goods industry
Industry Median: 0.53 vs AQB: 0.94

AquaBounty Technologies Cash-to-Debt Historical Data

The historical data trend for AquaBounty 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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AquaBounty Technologies Cash-to-Debt Chart

AquaBounty Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

0.57

10.48

20.15

11.45

0.94

AquaBounty Technologies Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															11.45	7.99	4.73	1.92	0.94

Competitive Comparison of AquaBounty Technologies's Cash-to-Debt

For the Farm Products subindustry, AquaBounty 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.

AquaBounty Technologies's Cash-to-Debt Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, AquaBounty Technologies's Cash-to-Debt distribution charts can be found below:

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

AquaBounty 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.

AquaBounty Technologies'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)
	=	8.204	/	(0.795	+	7.962)
	=	0.94

AquaBounty 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)
	=	8.204	/	(0.795	+	7.962)
	=	0.94

AquaBounty Technologies (NAS:AQB) 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.

AquaBounty Technologies Cash-to-Debt Related Terms

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AquaBounty Technologies (AquaBounty Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » AquaBounty Technologies Inc (NAS:AQB) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

2 Mill and Main Place, Suite 395, Maynard, MA, USA, 01754

Website

https://www.aquabounty.com

AquaBounty Technologies Inc is engaged in the field of land-based aquaculture and the use of technology for improving its productivity and sustainability. The company's objective is to ensure the availability of high-quality seafood to meet global consumer demand while addressing critical production constraints in the most popular farmed species.

Executives

Melbourne David Francis Jr	officer: President	2 MILL AND MAIN PLACE, SUITE 395, MAYNARD MA 01754
Gail Sharps Myers	director	13515 BALLANTYNE CORPORATE PLACE, CHARLOTTE NC 28277
Christine St.clare	director	405 EAGLEVIEW BLVD., EXTON PA 19341
Erin S Sharp	director	THE KROGER CO., 1014 VINE STREET, CINCINNATI OH 45202
Michael K Stern	director	800 N. LINDBERGH BLVD, A3SA, ST LOUIS MO 63167
Ricardo J Alvarez	director	2 MILL AND MAIN PLACE, SUITE 395, MAYNARD MA 01754
Sylvia Wulf	director, officer: CEO & Director	2 MILL & MAIN PLACE, SUITE 395, MAYNARD MA 01754
David A Frank	officer: See Remarks	2 MILL & MAIN PLACE, SUITE 395, MAYNARD MA 01754
Alana Czypinski	director	1881 GROVE AVENUE, RADFORD VA 24141
Randal J Kirk	10 percent owner	1881 GROVE AVENUE, RADFORD VA 24141
Angela M Olsen	officer: General Counsel & Corp Sec	C/O AQUABOUNTY TECHNOLOGIES, INC., 2 MILL & MAIN PLACE, SUITE 395, MAYNARD MA 01754
Richard L Huber	director	2 MILL & MAIN PLACE, SUITE 395, MAYNARD MA 01754
Rick L. Sterling	director	20374 SENECA MEADOWS PARKWAY, GERMANTOWN MD 20876
Turk James C Jr	director	TWO CLOCK TOWER PLACE, SUITE 395, MAYNARD MA 01745
Theodore John Fisher	director	1881 GROVE AVENUE, RADFORD VA 24141