Sixth Wave Innovations (Sixth Wave Innovations) Cash-to-Debt : 0.00 (As of May. 2023)

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What is Sixth Wave Innovations 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. Sixth Wave Innovations's cash to debt ratio for the quarter that ended in May. 2023 was 0.00.

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, Sixth Wave Innovations couldn't pay off its debt using the cash in hand for the quarter that ended in May. 2023.

The historical rank and industry rank for Sixth Wave Innovations's Cash-to-Debt or its related term are showing as below:

During the past 13 years, Sixth Wave Innovations's highest Cash to Debt Ratio was No Debt. The lowest was 0.00. And the median was No Debt.

SIXWF's Cash-to-Debt is not ranked ^*
in the Chemicals industry.
Industry Median: 0.74
* Ranked among companies with meaningful Cash-to-Debt only.

Sixth Wave Innovations Cash-to-Debt Historical Data

The historical data trend for Sixth Wave Innovations'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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Sixth Wave Innovations Cash-to-Debt Chart

Sixth Wave Innovations Annual Data

Trend

Aug13

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Cash-to-Debt

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No Debt

0.18

0.51

0.09

Sixth Wave Innovations Quarterly Data
	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23
Cash-to-Debt	Get a 7-Day Free Trial															0.22	0.09	0.09	-	-

Competitive Comparison of Sixth Wave Innovations's Cash-to-Debt

For the Specialty Chemicals subindustry, Sixth Wave Innovations'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.

Sixth Wave Innovations's Cash-to-Debt Distribution in the Chemicals Industry

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

* The bar in red indicates where Sixth Wave Innovations's Cash-to-Debt falls into.

Sixth Wave Innovations 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.

Sixth Wave Innovations's Cash to Debt Ratio for the fiscal year that ended in Aug. 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)
	=	0.187	/	(1.244	+	0.805)
	=	0.09

Sixth Wave Innovations's Cash to Debt Ratio for the quarter that ended in May. 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)
	=	0.012	/	(2.589	+	0.227)
	=	0.00

Sixth Wave Innovations (OTCPK:SIXWF) 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.

Sixth Wave Innovations Cash-to-Debt Related Terms

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Sixth Wave Innovations (Sixth Wave Innovations) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Sixth Wave Innovations Inc (OTCPK:SIXWF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

AHU:Germany SIXW:Canada

Address

210 Waterfront Drive Bedford, Suite 110, Nova Scotia, BC, CAN, B4A 0H3

Website

https://www.sixthwave.com

Sixth Wave Innovations Inc is a nanotechnology company that uses patented Molecularly Imprinted Polymers (MIPs) for imprinting, capturing, and releasing substances at the molecular level. Its current products are in the process of commercialization in gold mining, cannabis production and health and security with rapid virus detection.

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