Danimer Scientific (Danimer Scientific) Cash-to-Debt

: 0.15 (As of Dec. 2023)

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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. Danimer Scientific's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.15.

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

DNMR' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.06 Med: 0.2 Max: 4.51
Current: 0.15

During the past 5 years, Danimer Scientific's highest Cash to Debt Ratio was 4.51. The lowest was 0.06. And the median was 0.20.

DNMR's Cash-to-Debt is ranked worse than
84.01% of 1551 companies
in the Chemicals industry
Industry Median: 0.76 vs DNMR: 0.15

Danimer Scientific Cash-to-Debt Historical Data

The historical data trend for Danimer Scientific'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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Danimer Scientific Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

0.06

4.51

1.00

0.20

0.15

Danimer Scientific Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt													0.20	0.25	0.23	0.19	0.15

Competitive Comparison

For the Specialty Chemicals subindustry, Danimer Scientific'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.

Danimer Scientific Cash-to-Debt Distribution

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

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

Danimer Scientific 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.

Danimer Scientific'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)
	=	59.17	/	(4.705	+	403.363)
	=	0.15

Danimer Scientific'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)
	=	59.17	/	(4.705	+	403.363)
	=	0.15

Danimer Scientific (NYSE:DNMR) 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.

Danimer Scientific Cash-to-Debt Related Terms

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Danimer Scientific (Danimer Scientific) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Danimer Scientific Inc (NYSE:DNMR) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

6CU:Germany

Address

140 Industrial Boulevard, Bainbridge, GA, USA, 39817

Website

https://www.danimerscientific.com

Danimer Scientific Inc creates more sustainable, more natural ways to make plastic products sold under the proprietary Nodax brand name. The company's renewable and sustainable biopolymers have helped create plastic products that are 100% biodegradable and compostable. Danimer Scientific's products return to nature instead of polluting lands and waters. Its technology can be found in a vast array of plastic end-use products that people use every day. Applications for its biopolymers include additives, aqueous coatings, fibers, filaments, films, and injection-molded articles, among others. The company holds more than 470 patents and pending patent applications in nearly 20 countries for a range of manufacturing processes and biopolymer formulations.

Executives

Richard J Hendrix	director	1300 NORTH 17TH STREET, ARLINGTON VA 22209
Scott Tuten	officer: Chief Marketing Officer	286 DOE RUN DRIVE, CAIRO GA 39828
Gregory W. Hunt	director	730 5TH AVENUE, NEW YORK NY 10019
Allison Leopold Tilley	director	1300 NORTH 17TH STREET, ARLINGTON VA 22209
Cynthia R Cohen	director	1401 BRICKELL AVENUE, SUITE 640, C/O STRATEGIC MINDSHARE, MIAMI FL 33131
John P Amboian	director
Michael A Hajost	officer: Chief Financial Officer	C/O CARPENTER TECHNOLOGY CORPORATION, PO BOX 14662, READING PA 19612-4662
Stephen Croskrey	director, officer: CEO & Chairman of the Board	C/O ARMOR HOLDINGS INC, 1400 MARSH LANDING PARKWAY SUITE 112, JACKSONVILLE FL 32250
Stuart W Pratt	director	303 CONGRESS STREET, BOSTON MA 02210
Van Trump Phillip D	officer: Chief Technology Officer	1466 NORTH DECATUR ROAD, ATLANTA GA 30306
Philip Gregory Calhoun	director	2100 WHITES BRIDGE ROAD, COLQUITT GA 39837
Isao Noda	director	1568 HUNTER ROAD, FAIRFIELD OH 45914
Michael Eric Smith	officer: Chief Operating Officer	2208 WYNDHAM WAY, BAINBRIDGE GA 39819
Christy A Basco	director	206 WINDING HOLLOW LANE, COPPELL TX 75019
Wunderlich Gary Kent Jr	10 percent owner, officer: President, other: President	CLO B. RILEY FINANCIAL, INC.,, 21255 BURBANK BLVD., SUITE 400, WOODLAND CA 91367