Clean Harbors (Clean Harbors) Cash-to-Debt : 0.22 (As of Dec. 2023)

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What is Clean Harbors 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. Clean Harbors's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.22.

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

CLH' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.13 Med: 0.21 Max: 0.33
Current: 0.22

During the past 13 years, Clean Harbors's highest Cash to Debt Ratio was 0.33. The lowest was 0.13. And the median was 0.21.

CLH's Cash-to-Debt is ranked worse than
63.64% of 242 companies
in the Waste Management industry
Industry Median: 0.37 vs CLH: 0.22

Clean Harbors Cash-to-Debt Historical Data

The historical data trend for Clean Harbors'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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Clean Harbors Cash-to-Debt Chart

Clean Harbors Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.24

0.33

0.20

0.21

0.22

Clean Harbors 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															0.21	0.15	0.13	0.17	0.22

Competitive Comparison of Clean Harbors's Cash-to-Debt

For the Waste Management subindustry, Clean Harbors'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.

Clean Harbors's Cash-to-Debt Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Clean Harbors's Cash-to-Debt distribution charts can be found below:

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

Clean Harbors 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.

Clean Harbors'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)
	=	550.799	/	(66.43	+	2423.46)
	=	0.22

Clean Harbors'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)
	=	550.799	/	(66.43	+	2423.46)
	=	0.22

Clean Harbors (NYSE:CLH) 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.

Clean Harbors Cash-to-Debt Related Terms

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Clean Harbors (Clean Harbors) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Clean Harbors Inc (NYSE:CLH) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

CH6:Germany

Address

42 Longwater Drive, Norwell, MA, USA, 02061-9149

Website

https://www.cleanharbors.com

Clean Harbors Inc is an environmental and industrial services provider. It provides parts cleaning and related environmental services to commercial, industrial, and automotive customers. Its business segments are Environmental Services and Safety-Kleen Sustainability Solutions. The company generates the majority of its revenues from the Environmental Services segment.

Executives

Alan S Mckim	director, officer: Chrmn. of Bd., Pres.and CEO
Robert W. Harrison	officer: EVP, EHS	42 LONGWATER DRIVE, NORWELL MA 02061
Eric W Gerstenberg	officer: Chief Operating Officer	24 MACFARLANE DRIVE, KINGSTON MA 02364
Eric J. Dugas	officer: VP, Corp. Contr and CAO	C/O CLEAN HARBORS, INC., 42 LONGWATER DRIVE, NORWELL MA 02061
Robert Speights	officer: EVP (CHESI)	C/O CLEAN HARBORS ENVIRONMENTAL SERVICES, 42 LONGWATER DRIVE, NORWELL MA 02061
George L Curtis	officer: Exec. Vice President (CHESI)
Rebecca Underwood	officer: President & EVP Facilities	42 LONGWATER DRIVE, NORWELL MA 02061
Loan Nguyen Mansy	officer: President Env Sales & Service	C/O HUDSON TECHNOLOGIES, INC., 300 TICE BOULEVARD, SUITE 290, WOODCLIFF LAKE NJ 07677
John T Preston	director	C/O MOLTEN METAL TECHNOLOTY INC, 400-2 TOTTEN POND ROAD, WALTHAM MA 02154
Andrea Robertson	director	129 SHELTER ROCK ROAD, STAMFORD CT 06903
Michael Louis Battles	officer: SVP & CAO	45 WILLIAM STREET, WELLESLEY MA 02481
Sharon M. Gabriel	officer: EVP/CIO (CHESI)	42 LONGWATER DRIVE, NORWELL MA 02061
Brian P Weber	officer: EVP (CHESI)	88 PINE STREET, WALPOLE MA 02081
Eugene G Banucci	director
Melkeya Mcduffie	officer: EVP, Human Resources Officer	C/O CLEAN HARBORS INC., 42 LONGWATER DRIVE, NORWELL MA 02061