EQUATOR Beverage Co (EQUATOR Beverage Co) Cash-to-Debt : 0.15 (As of Mar. 2024)

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What is EQUATOR Beverage Co 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. EQUATOR Beverage Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.15.

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, EQUATOR Beverage Co couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

MOJO' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: No Debt Max: No Debt
Current: 0.15

During the past 13 years, EQUATOR Beverage Co's highest Cash to Debt Ratio was No Debt. The lowest was 0.02. And the median was No Debt.

MOJO's Cash-to-Debt is ranked worse than
78.7% of 108 companies
in the Beverages - Non-Alcoholic industry
Industry Median: 0.765 vs MOJO: 0.15

EQUATOR Beverage Co Cash-to-Debt Historical Data

The historical data trend for EQUATOR Beverage Co'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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EQUATOR Beverage Co Cash-to-Debt Chart

EQUATOR Beverage Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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No Debt

1.39

No Debt

0.05

0.38

EQUATOR Beverage Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															0.17	0.12	-	0.38	0.15

Competitive Comparison of EQUATOR Beverage Co's Cash-to-Debt

For the Beverages - Non-Alcoholic subindustry, EQUATOR Beverage Co'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.

EQUATOR Beverage Co's Cash-to-Debt Distribution in the Beverages - Non-Alcoholic Industry

For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, EQUATOR Beverage Co's Cash-to-Debt distribution charts can be found below:

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

EQUATOR Beverage Co 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.

EQUATOR Beverage Co'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)
	=	0.087	/	(0.23	+	0)
	=	0.38

EQUATOR Beverage Co's Cash to Debt Ratio for the quarter that ended in Mar. 2024 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)
	=	0.055	/	(0.36	+	0)
	=	0.15

EQUATOR Beverage Co (OTCPK:MOJO) 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.

EQUATOR Beverage Co Cash-to-Debt Related Terms

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EQUATOR Beverage Co (EQUATOR Beverage Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Non-Alcoholic » EQUATOR Beverage Co (OTCPK:MOJO) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

185 Hudson Street, Floor 25, Jersey City, NJ, USA, 07302

Website

https://www.equatorbeverage.com

EQUATOR Beverage Co is engaged in developing, producing, distributing, and marketing new beverage products. Its beverages have been certified Non-GMO Project Verified and USDA Organic, and It offers both nonalcoholic and ready-to-drink alcoholic options. In addition, It has a line of sparkling energy beverages targeted towards female consumers. Its beverages can be found in North America, the Caribbean, and Bermuda. It is committed to sustainability and use 100 percent recyclable, eco-friendly packaging that has a minimal impact on the environment. Furthermore, its products are plant-based, renewable, and eco-friendly. Coconut water is nature's hydration drink for the skin and body. In each 11 oz serving there are five essential electrolytes totaling 1043 mg more than other sports drinks.

Executives

Peter Spinner	director, 10 percent owner, officer: Chief Operating Officer	101 HUDSON STREET, 21ST FLOOR, JERSEY CITY NJ 07302
Robert Kaufman	director	C/O MOJO ORGANICS, INC., 101 HUDSON STREET, 21ST FLOOR, JERSEY CITY NJ 07302
Jeffrey Devlin	director	875 NORTH MICHIGAN AVENUE, 2929, CHICAGO IL 60611
Glenn Simpson	director, 10 percent owner, officer: Chief Executive Officer	101 HUDSON STREET, 21ST FLOOR, JERSEY CITY NJ 07302
Richard X. Seet	director	101 HUDSON STREET, 21ST FLOOR, JERSEY CITY NJ 07302