Cardinal Ethanol LLC (Cardinal Ethanol LLC) Cash-to-Debt : 2.26 (As of Dec. 2023)

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What is Cardinal Ethanol LLC 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. Cardinal Ethanol LLC's cash to debt ratio for the quarter that ended in Dec. 2023 was 2.26.

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, Cardinal Ethanol LLC could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

CRDE' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 1.93 Max: No Debt
Current: 2.26

During the past 13 years, Cardinal Ethanol LLC's highest Cash to Debt Ratio was No Debt. The lowest was 0.01. And the median was 1.93.

CRDE's Cash-to-Debt is not ranked
in the Chemicals industry.
Industry Median: 0.75 vs CRDE: 2.26

Cardinal Ethanol LLC Cash-to-Debt Historical Data

The historical data trend for Cardinal Ethanol LLC'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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Cardinal Ethanol LLC Cash-to-Debt Chart

Cardinal Ethanol LLC Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Cash-to-Debt

Get a 7-Day Free Trial

2.33

2.23

5.33

3.41

2.45

Cardinal Ethanol LLC 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															3.58	1.98	1.89	2.45	2.26

Competitive Comparison of Cardinal Ethanol LLC's Cash-to-Debt

For the Chemicals subindustry, Cardinal Ethanol LLC'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.

Cardinal Ethanol LLC's Cash-to-Debt Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Cardinal Ethanol LLC's Cash-to-Debt distribution charts can be found below:

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

Cardinal Ethanol LLC 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.

Cardinal Ethanol LLC's Cash to Debt Ratio for the fiscal year that ended in Sep. 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)
	=	82.267	/	(3.748	+	29.849)
	=	2.45

Cardinal Ethanol LLC'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)
	=	89.906	/	(5.217	+	34.522)
	=	2.26

Cardinal Ethanol LLC (OTCPK:CRDE) 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.

Cardinal Ethanol LLC Cash-to-Debt Related Terms

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Cardinal Ethanol LLC (Cardinal Ethanol LLC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Cardinal Ethanol LLC (OTCPK:CRDE) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

1554 North County Road 600 East, Union City, IN, USA, 47390

Website

https://www.cardinalethanol.com

Cardinal Ethanol LLC is a producer and seller of fuel-grade ethanol, distiller's grains, corn oil, and carbon dioxide throughout the continent of the United States. The company's prime selling products include ethanol, dried distillers grains, corn oil, and carbon dioxide. Its two operating segments are ethanol production through the Ethanol Division; and trading of agricultural grains through the Trading Division. The revenues from Ethanol Division come from primary sources: sales of fuel ethanol which is the key revenue driver. Revenues from the Trading Division are derived from procuring, transporting, and selling grain commodities. The majority of the revenue for the company is generated from its Ethanol Division.

Executives

Adam Kline	director	938 E 58TH STREET, INDIANAPOLIS IN 46220
Chad Smith	director	3665 GOULD DRIVE, CARMEL IN 46033
Gerald R Forsythe	director	600 N BUFFALO GROVE RD, BUFFALO GROVE IL 60089
Danny Ray Huston	director	616 W JACKSON STREET, PARKER CITY IN 47368
Casey Bruns	officer: Commodity Manager	10158 STATE ROUTE 49, ANSONIA OH 45303
Daniel J. Sailer	director	11320 ABBITT TRAIL, ZIONSVILLE IN 46077
Dersch David Matthew Jr	director	113 BENNINGTON ROAD, GREER SC 29650
Roch Lewis M Iii	director	21 GOSS ROAD, NORTH HAMPTON NH 03862
Robert Nathan Baker	director	8124 E. GREENBRIAR COURT, WICHITA KS 67226
Gregory August Roy	officer: Commodity Manager	23308 PAULDING ROAD, MONROEVILLE IN 46773
Jerry Phillip Zicht	director	5653 NORTH US HWY 27, WINCHESTER IN 47394
Adam Zeedyk	officer: Commodity Manager	9 PECK DRIVE, WINCHESTER IN 47394
William J Dartt	officer: Chief Financial Officer	1520 ROSEDALE AVENUE, BUCYRUS OH 44820
Roch Lewis Marshall Ii	director	2006 E. ROBINWOOD DRIVE, MUNCIE IN 47304
Barry J Hudson	director	200 EAST JACKSON STREET, MUNCIE IN 47305

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