Advanced Container Technologies (Advanced Container Technologies) Cash-to-Debt : 0.26 (As of Sep. 2022)

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What is Advanced Container Technologies 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. Advanced Container Technologies's cash to debt ratio for the quarter that ended in Sep. 2022 was 0.26.

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, Advanced Container Technologies couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2022.

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

ACTX's Cash-to-Debt is not ranked ^*
in the Packaging & Containers industry.
Industry Median: 0.41
* Ranked among companies with meaningful Cash-to-Debt only.

Advanced Container Technologies Cash-to-Debt Historical Data

The historical data trend for Advanced Container Technologies'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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Advanced Container Technologies Cash-to-Debt Chart

Advanced Container Technologies Annual Data

Trend

Jun00

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Cash-to-Debt

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0.04

0.02

0.32

0.09

Advanced Container Technologies Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Cash-to-Debt	Get a 7-Day Free Trial															0.30	0.09	0.18	0.17	0.26

Competitive Comparison of Advanced Container Technologies's Cash-to-Debt

For the Packaging & Containers subindustry, Advanced Container Technologies'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.

Advanced Container Technologies's Cash-to-Debt Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Advanced Container Technologies's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Advanced Container Technologies's Cash-to-Debt falls into.

Advanced Container Technologies 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.

Advanced Container Technologies's Cash to Debt Ratio for the fiscal year that ended in Dec. 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)
	=	0.059	/	(0.689	+	0)
	=	0.09

Advanced Container Technologies's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	0.297	/	(0.824	+	0.329)
	=	0.26

Advanced Container Technologies (OTCPK:ACTX) 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.

Advanced Container Technologies Cash-to-Debt Related Terms

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Advanced Container Technologies (Advanced Container Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Advanced Container Technologies Inc (OTCPK:ACTX) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

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Address

1620 Commerce Street, Suite A, Corona, CA, USA, 92878

Website

https://www.advancedcontainertechnologies.com

Advanced Container Technologies Inc is in the business of selling and marketing proprietary plastic medical grade containers in the United States. The company's flagship product is Medtainer, which can store grind and shred pharmaceuticals, herbs, teas, and other solids or liquids. It's another product is GrowPods, which are specially modified insulated shipping containers in which plants, herbs, and spices may be grown hydroponically in a controlled environment. Its other products include Humidity pack inserts, Plastic lighter holders, Jars, and Lighters.