Aether Catalyst Solutions (XCNQ:ATHR) Cash-to-Debt : 0.10 (As of Sep. 2023)

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What is Aether Catalyst 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. Aether Catalyst Solutions's cash to debt ratio for the quarter that ended in Sep. 2023 was 0.10.

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, Aether Catalyst Solutions couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

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

XCNQ:ATHR' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.04 Med: 0.83 Max: 11.17
Current: 0.1

During the past 6 years, Aether Catalyst Solutions's highest Cash to Debt Ratio was 11.17. The lowest was 0.04. And the median was 0.83.

XCNQ:ATHR's Cash-to-Debt is ranked worse than
84.79% of 1295 companies
in the Vehicles & Parts industry
Industry Median: 0.56 vs XCNQ:ATHR: 0.10

Aether Catalyst Solutions Cash-to-Debt Historical Data

The historical data trend for Aether Catalyst 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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Aether Catalyst Solutions Cash-to-Debt Chart

Aether Catalyst Solutions Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

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11.17

0.83

0.26

4.60

0.70

Aether Catalyst Solutions Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial															1.09	0.70	0.05	0.67	0.10

Competitive Comparison of Aether Catalyst Solutions's Cash-to-Debt

For the Auto Parts subindustry, Aether Catalyst 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.

Aether Catalyst Solutions's Cash-to-Debt Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Aether Catalyst Solutions's Cash-to-Debt distribution charts can be found below:

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

Aether Catalyst 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.

Aether Catalyst Solutions's Cash to Debt Ratio for the fiscal year that ended in Dec. 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)
	=	0.064	/	(0.083	+	0.008)
	=	0.70

Aether Catalyst Solutions's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	0.006	/	(0.059	+	0)
	=	0.10

Aether Catalyst Solutions (XCNQ:ATHR) 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.

Aether Catalyst Solutions Cash-to-Debt Related Terms

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Aether Catalyst Solutions (XCNQ:ATHR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Aether Catalyst Solutions Inc (XCNQ:ATHR) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

2QZ:Germany

Address

8337 Eastlake Drive, Unit 104, Burnaby, BC, CAN, V5A 4W2

Website

https://www.aethercatalyst.com

Aether Catalyst Solutions Inc is focused on providing an order of magnitude cost reduction in catalytic converter catalysts, while meeting, or exceeding government emission standards. It is working to quickly advance its technology through rapid screening of new materials directed at enhancing end of life conversion levels after accelerated aging. The company's primary focus has been on automotive applications where it is looking to replace precious metals in automotive catalysts for gasoline powered engines. The company's target markets are the heavily regulated automotive industry and the unregulated small motors industry.

Aether Catalyst Solutions (XCNQ:ATHR) Headlines

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