EcoSynthetix (TSX:ECO) Cash-to-Debt : 57.03 (As of Dec. 2023)

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What is EcoSynthetix 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. EcoSynthetix's cash to debt ratio for the quarter that ended in Dec. 2023 was 57.03.

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, EcoSynthetix could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

TSX:ECO' s Cash-to-Debt Range Over the Past 10 Years
Min: 31.54 Med: 5028.51 Max: No Debt
Current: 57.03

During the past 13 years, EcoSynthetix's highest Cash to Debt Ratio was No Debt. The lowest was 31.54. And the median was 5028.51.

TSX:ECO's Cash-to-Debt is ranked better than
90.73% of 1553 companies
in the Chemicals industry
Industry Median: 0.75 vs TSX:ECO: 57.03

EcoSynthetix Cash-to-Debt Historical Data

The historical data trend for EcoSynthetix'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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EcoSynthetix Cash-to-Debt Chart

EcoSynthetix Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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31.70

32.03

39.22

31.54

57.03

EcoSynthetix 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															31.54	45.26	48.87	53.81	57.03

Competitive Comparison of EcoSynthetix's Cash-to-Debt

For the Specialty Chemicals subindustry, EcoSynthetix'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.

EcoSynthetix's Cash-to-Debt Distribution in the Chemicals Industry

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

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

EcoSynthetix 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.

EcoSynthetix'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)
	=	44.651	/	(0.437	+	0.346)
	=	57.03

EcoSynthetix'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)
	=	44.651	/	(0.437	+	0.346)
	=	57.03

EcoSynthetix (TSX:ECO) 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.

EcoSynthetix Cash-to-Debt Related Terms

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EcoSynthetix (TSX:ECO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » EcoSynthetix Inc (TSX:ECO) » Definitions » Cash-to-Debt

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Traded in Other Exchanges

ECSNF:USA

Address

3365 Mainway, Burlington, ON, CAN, L7M 1A6

Website

http://www.ecosynthetix.com

EcoSynthetix Inc is a renewable chemicals company. It is engaged in the development and commercialization of ecologically friendly bio-based technologies as replacement solutions for synthetic, petrochemical-based adhesives and other related products. The company operates in one reportable segment and generates revenue primarily from its biopolymer nanosphere technology platform. Its products include EcoSphere biolatex and DuraBindTM biopolymers. EcoSphere biolatex binders are used by manufacturers within the coated paper and paperboard industry, whereas the DuraBindTM is used in the production of wood composite panels. Geographically it has a business presence in the America, Africa (EMEA), and the Asia Pacific.