Granite Falls Energy LLC (Granite Falls Energy LLC) Cash-to-Debt : 1.49 (As of Jul. 2022)

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What is Granite Falls Energy 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. Granite Falls Energy LLC's cash to debt ratio for the quarter that ended in Jul. 2022 was 1.49.

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, Granite Falls Energy LLC could pay off its debt using the cash in hand for the quarter that ended in Jul. 2022.

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

GFGY's Cash-to-Debt is not ranked ^*
in the Oil & Gas industry.
Industry Median: 0.5
* Ranked among companies with meaningful Cash-to-Debt only.

Granite Falls Energy LLC Cash-to-Debt Historical Data

The historical data trend for Granite Falls Energy 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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Granite Falls Energy LLC Cash-to-Debt Chart

Granite Falls Energy LLC Annual Data

Trend

Oct12

Oct13

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Cash-to-Debt

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2.43

1.76

1.68

0.29

0.61

Granite Falls Energy LLC Quarterly Data
	Oct17	Jan18	Apr18	Jul18	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22
Cash-to-Debt	Get a 7-Day Free Trial															0.17	0.61	0.81	0.99	1.49

Competitive Comparison of Granite Falls Energy LLC's Cash-to-Debt

For the Oil & Gas Refining & Marketing subindustry, Granite Falls Energy 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.

Granite Falls Energy LLC's Cash-to-Debt Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Granite Falls Energy LLC's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Granite Falls Energy LLC's Cash-to-Debt falls into.

Granite Falls Energy 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.

Granite Falls Energy LLC's Cash to Debt Ratio for the fiscal year that ended in Oct. 2021 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)
	=	29.296	/	(8.7	+	39.724)
	=	0.60

Granite Falls Energy LLC's Cash to Debt Ratio for the quarter that ended in Jul. 2022 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)
	=	41.387	/	(8.712	+	19.04)
	=	1.49

Granite Falls Energy LLC (OTCPK:GFGY) 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.

Granite Falls Energy LLC Cash-to-Debt Related Terms

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Granite Falls Energy LLC (Granite Falls Energy LLC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Granite Falls Energy LLC (OTCPK:GFGY) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

15045 Highway 23 SE, P.O. Box 216, Granite Falls, MN, USA, 56241

Website

http://www.granitefallsenergy.com

Granite Falls Energy LLC is engaged in the production and sale of ethanol and its co-products, including wet, modified wet and dried distillers' grains, corn oil and corn syrup. The company's principal products include Ethanol, Distillers Grains, and Corn Oil. Its production operations are carried out at a plant located in Granite Falls, Minnesota and Heron Lake Bioenergy ethanol plant near Heron Lake, Minnesota. It also operates a natural gas pipeline. Geographically business activity of the group is functioned primarily through the United States and generates income from the sale of Ethanol products.

Executives

David A Forkrud	director	314 HIBBARD AVE, PO BOX 235, BELVIEW MN 56214
Fagen Holdings, Inc.	10 percent owner	501 W HIGHWAY 212, GRANITE FALLS MN 56241
Robin William Spaude	director	15045 HWY 23 SE, PO BOX 216, GRANITE FALLS MN 56241
Sherry Jean Larson	director	15045 HWY 23 SE, GRANITE FALLS MN 56251
Michael Gerald Lund	director	15045 HWY 23 SE, GRANITE FALLS MN 56241
Bruce G Lavigne	director	15045 HWY 23 SE, GRANITE FALLS MN 56241
Kenton Johnson	director	5347 270TH AVENUE, GRANITE FALLS MN 56241
Leslie Kenneth Bergquist	director	141 SKYLINE DRIVE, GRANITE FALLS MN 56241
Steve A Christensen	officer: CEO	15045 HIGHWAY 23 SE, PO BOX 216, GRANITE FALLS MN 56241
Marten Gerald Goulet	director	3131 COUNTY ROAD 112, INTERNATIONAL FALLS MN 56649
Kenneth Lee Berg	director, officer: Vice Chairman	2257 410TH STREET, CLARKFIELD MN 56223
Dennis Clifford Wagner	director	3581 TOWN ROAD 45, SOUTH INTERNATIONAL FALLS MN 56679
Dean Jerome Buesing	director	5027 HWY 67, GRANITE FALLS MN 56241
Roland J Fagen	10 percent owner	501 WEST HIGHWAY 212, P.O. BOX 159, GRANITE FALLS MN 56241
Glacial Lakes Energy, Llc	10 percent owner	301 20TH AVE. SE, P.O. BOX 933, WATERTOWN SD 57201-5922

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