International Zeolite (TSXV:IZ) Cash-to-Debt : 0.06 (As of Dec. 2023)

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What is International Zeolite 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. International Zeolite's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.06.

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, International Zeolite 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 International Zeolite's Cash-to-Debt or its related term are showing as below:

TSXV:IZ' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0.07 Max: 1.44
Current: 0.06

During the past 13 years, International Zeolite's highest Cash to Debt Ratio was 1.44. The lowest was 0.00. And the median was 0.07.

TSXV:IZ's Cash-to-Debt is ranked worse than
92.77% of 1549 companies
in the Chemicals industry
Industry Median: 0.72 vs TSXV:IZ: 0.06

International Zeolite Cash-to-Debt Historical Data

The historical data trend for International Zeolite'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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International Zeolite Cash-to-Debt Chart

International Zeolite Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

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0.05

0.04

0.07

0.25

0.07

International Zeolite 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															0.28	0.14	0.07	0.06	0.06

Competitive Comparison of International Zeolite's Cash-to-Debt

For the Specialty Chemicals subindustry, International Zeolite'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.

International Zeolite's Cash-to-Debt Distribution in the Chemicals Industry

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

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

International Zeolite 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.

International Zeolite's Cash to Debt Ratio for the fiscal year that ended in Jun. 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)
	=	0.112	/	(0.811	+	0.866)
	=	0.07

International Zeolite'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)
	=	0.094	/	(0.745	+	0.804)
	=	0.06

International Zeolite (TSXV:IZ) 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.

International Zeolite Cash-to-Debt Related Terms

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

International Zeolite (TSXV:IZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » International Zeolite Corp (TSXV:IZ) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

IZCFF:USA ZEON:Germany

Address

1021 West Hastings Street, Suite 2300, 9th Floor, Vancouver, BC, CAN, V6E0C3

Website

https://www.internationalzeolite.com

International Zeolite Corp is a Canada-based company that markets and supplies natural zeolite and zeolite-infused products. The company's operating segments include the exploration and development segment; and the retail and commercial sales segment which is the key revenue driver. The revenue comprises sales of zeolite products, commissions earned on sales of zeolite products, and royalties earned on bulk zeolite material shipped from its site in Princeton.

Executives

Raymon Lucien Paquette

10% Security Holder, Director, Senior Officer

International Zeolite (TSXV:IZ) Headlines

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