Dirtt Environmental Solutions (Dirtt Environmental Solutions) Cash-to-Debt : 0.28 (As of Dec. 2023)

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What is Dirtt Environmental Solutions 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. Dirtt Environmental Solutions's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.28.

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, Dirtt Environmental Solutions 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 Dirtt Environmental Solutions's Cash-to-Debt or its related term are showing as below:

DRTTF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.11 Med: 3.12 Max: 9.98
Current: 0.28

During the past 11 years, Dirtt Environmental Solutions's highest Cash to Debt Ratio was 9.98. The lowest was 0.11. And the median was 3.12.

DRTTF's Cash-to-Debt is ranked worse than
70.25% of 1664 companies
in the Construction industry
Industry Median: 0.64 vs DRTTF: 0.28

Dirtt Environmental Solutions Cash-to-Debt Historical Data

The historical data trend for Dirtt Environmental Solutions'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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Dirtt Environmental Solutions Cash-to-Debt Chart

Dirtt Environmental Solutions Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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2.20

1.11

0.58

0.11

0.28

Dirtt Environmental Solutions 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															0.11	0.08	0.18	0.20	0.28

Competitive Comparison of Dirtt Environmental Solutions's Cash-to-Debt

For the Engineering & Construction subindustry, Dirtt Environmental Solutions'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.

Dirtt Environmental Solutions's Cash-to-Debt Distribution in the Construction Industry

For the Construction industry and Industrials sector, Dirtt Environmental Solutions's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Dirtt Environmental Solutions's Cash-to-Debt falls into.

Dirtt Environmental Solutions 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.

Dirtt Environmental Solutions'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)
	=	24.744	/	(6.096	+	83.468)
	=	0.28

Dirtt Environmental Solutions'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)
	=	24.744	/	(6.096	+	83.468)
	=	0.28

Dirtt Environmental Solutions (OTCPK:DRTTF) 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.

Dirtt Environmental Solutions Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Dirtt Environmental Solutions's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Dirtt Environmental Solutions (Dirtt Environmental Solutions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Dirtt Environmental Solutions Ltd (OTCPK:DRTTF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

DRT:Canada

Address

7303 - 30th Street S.E., Calgary, AB, CAN, T2C 1N6

Website

https://www.dirtt.net

Dirtt Environmental Solutions Ltd is a manufacturer of customized interiors. The company combines its (3D) design, configuration, and manufacturing software (ICE or ICE Software) with in-house manufacturing of its prefabricated interior construction solutions and a distribution partner (DP) network. It offers services to various sectors which include healthcare, education, commercial and other sectors. DIRTT operates its activity through the U.S. and Canada of which, the United States generates the majority of revenue.

Executives

Shaun Noll	director	55 SPEAR STREET, 42ND FLOOR, SAN FRANCISCO CA 94101
Fareeha Khan	officer: Chief Financial Officer	7303 30 STREET S.E., CALGARY A0 T2C 1N6
Kenneth D Sanders	director	338 SPEAR STREET #31-C, SAN FRANCISCO CA 94105
Nandini Somayaji	officer: See Remarks	7303 30 STREET S.E., CALGARY A0 T2C 1N6
Mark Greffen	officer: See Remarks	7303 30 ST. S.E., CALGARY A0 T2C 1N6
Scott L Robinson	director	3499 ROUTE 9 NORTH, SUITE 3C, FREEHOLD NJ 07728
Benjamin Nicholas Urban	director, officer: Chief Executive Officer	7303 30 STREET S.E., CALGARY A0 T2C 1N6
Aron R. English	director	1455 NW LEARY WAY, SUITE 400, SEATTLE WA 98107
Mitchell Cory	director	1455 NW LEARY WAY, SUITE 400, SEATTLE WA 98107
Jeffery Dopheide	officer: Chief Revenue Officer	7303 30 STREET S.E., CALGARY A0 T2C 1N6
Richard J Hunter	officer: Chief Operating Officer	511 E JOHN CARPENTER FREEWAY, SUITE 600, IRVING TX 75062
Bradley Scott Little	officer: Chief Financial Officer	7303 30 ST SE, CALGARY A0 T2C 1N6
Douglas A Edwards	director	2218 ALTA AVE., LOUISVILLE KY 40205
Scott C Ryan	director	4745 N. 7TH STREET, SUITE 310, PHOENIX AZ 85014
Mary Garden	director	480 BROOKHAVEN RD, VICTORIA A1 V9E 2A5