CO2 Gro (CO2 Gro) Cash-to-Debt : No Debt ⁽¹⁾ (As of Sep. 2023)

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What is CO2 Gro 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. CO2 Gro's cash to debt ratio for the quarter that ended in Sep. 2023 was No Debt ⁽¹⁾.

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, CO2 Gro could pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

(1) 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.

The historical rank and industry rank for CO2 Gro's Cash-to-Debt or its related term are showing as below:

BLONF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: No Debt Max: No Debt
Current: No Debt

During the past 12 years, CO2 Gro's highest Cash to Debt Ratio was No Debt. The lowest was 0.01. And the median was No Debt.

BLONF's Cash-to-Debt is ranked better than
99.18% of 244 companies
in the Agriculture industry
Industry Median: 0.78 vs BLONF: No Debt

CO2 Gro Cash-to-Debt Historical Data

The historical data trend for CO2 Gro'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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CO2 Gro Cash-to-Debt Chart

CO2 Gro Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

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No Debt

CO2 Gro Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of CO2 Gro's Cash-to-Debt

For the Agricultural Inputs subindustry, CO2 Gro'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.

CO2 Gro's Cash-to-Debt Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, CO2 Gro's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where CO2 Gro's Cash-to-Debt falls into.

CO2 Gro 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.

CO2 Gro's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 is calculated as:

CO2 Gro had no debt ⁽¹⁾.

CO2 Gro's Cash to Debt Ratio for the quarter that ended in Sep. 2023 is calculated as:

CO2 Gro had no debt ⁽¹⁾.

CO2 Gro (OTCPK:BLONF) 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.

CO2 Gro Cash-to-Debt Related Terms

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CO2 Gro (CO2 Gro) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » CO2 Gro Inc (OTCPK:BLONF) » Definitions » Cash-to-Debt

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Traded in Other Exchanges

GROW:Canada

Address

40 King Street West, Suite 5800, Toronto, ON, CAN, M5H 3S1

Website

https://www.co2gro.ca

CO2 GRO Inc is engaged in commercializing its patent-licensed CO2 gas infusion technology and its patent-pending US PTO CO2 Delivery Solutions system, both of which form the company's saturated CO2 solutions plant platform. Saturated CO2 solution when misted onto plants provides growers that cannot gas with CO2 the opportunity to increase plant yields. The company's sole focus is working with its plant growers and agri-industrial partners in proving and adopting its CO2 technologies for specific growers' plant yield needs.