Cardinal Ethanol Llc Quick Ratio (CRDE) starting from the third quarter 2024 to third quarter 2023, Financial Strength Trends, Rankings, Financial Ratios - CSIMarket
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Cardinal Ethanol Llc  (CRDE)

Cardinal Ethanol Llc's Quick Ratio

CRDE's quarterly Quick Ratio and Cash & cash equivalent, Current Liabilities growth


Regardless of the sequential decrease in Current Liabilities, during the third quarter 2024, Quick Ratio deteriorated to 1 below Cardinal Ethanol Llc's average Quick Ratio.

Within Chemical Manufacturing industry 22 other companies have achieved higher Quick Ratio than Cardinal Ethanol Llc in third quarter 2024. While Quick Ratio total ranking in the third quarter 2024 has deteriorated compared to the prior quarter from 845 to 2027.

Explain Quick Ratio?
How much Cash & cash equivalents CRDE´s has?
What are CRDE´s Current Liabilities?



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CRDE Quick Ratio (Jun 30 2024)
Q3		 (Mar 31 2024)
Q2		 (Dec 31 2023)
Q1		 (Sep 30 2023)
Q4		 (Jun 30 2023)
Q3
Y / Y Current Liabilities Change 7.71 % 60.62 % -9.74 % 2.18 % 26.36 %
Y / Y Cash & cash equivalent Change -38.07 % 22.49 % 13.21 % 52.52 % 85.18 %
Quick Ratio MRQ 1 1.3 1.66 2.94 1.74
CRDE's Total Ranking # 2027 # 845 # 104 # 909 # 1344
Seq. Current Liabilities Change -11.06 % -28.44 % 92.7 % -12.18 % 32.63 %
Seq. Cash & cash equivalent Change -31.73 % -44.08 % 9.29 % 48.44 % 35.03 %



Quick Ratio third quarter 2024 Company Ranking
Within: No.
Chemical Manufacturing Industry # 23
Basic Materials Sector # 108
Overall Market # 2027


Quick Ratio Statistics
High Average Low
6.15 1.69 0.02
(Dec 31 2014)   (Mar 31 2021)




Financial Statements
Cardinal Ethanol Llc's Current Liabilities $ 34 Millions Visit CRDE's Balance sheet
Cardinal Ethanol Llc's Cash & cash equivalent $ 34 Millions Visit CRDE's Balance sheet
Source of CRDE's Sales Visit CRDE's Sales by Geography


Cumulative Cardinal Ethanol Llc's Quick Ratio

CRDE's Quick Ratio for the trailling 12 Months

CRDE Quick Ratio

 (Jun 30 2024)
12 Months		 (Mar 31 2024)
12 Months		 (Dec 31 2023)
12 Months		 (Sep 30 2023)
12 Months		 (Jun 30 2023)
12 Months
Y / Y Current Liabilities TTM Growth 8.25 % 11.72 % -1.41 % 0.76 % 3 %
Y / Y Cash & cash equivalent TTM Growth 11.73 % 35.99 % 63.46 % 58.08 % 70.03 %
Quick Ratio TTM 1.66 1.82 1.95 1.79 1.6
Total Ranking TTM # 3477 # 2710 # 476 # 3464 # 1088
Seq. Current Liabilities TTM Growth 1.61 % 10.57 % -4.05 % 0.42 % 4.87 %
Seq. Cash & cash equivalent TTM Growth -7.59 % 3.44 % 4.06 % 12.33 % 12.48 %

Quick ratio ranking by company, industry and sector >> Back to CRDE Financial Strength Comparisons >> Go to Compare CRDE Quick Ratio to its Competitors

On the trailing twelve months basis Due to fall in Current Liabilities in the Q3 2024 to $34.38 millions, cumulative Quick Ratio decreased to 1.66 above the CRDE average Quick Ratio.
Quick Ratio is the average cumulative value over the last four quarters.

Among companies operating within Chemical Manufacturing industry 70 other companies have achieved higher Quick Ratio than Cardinal Ethanol Llc. While Quick Ratio total ranking has deteriorated compared to the previous twelve months ending in the second quarter 2024 from 2710 to 3477.

Explain Quick Ratio?
How much Cash & cash equivalents CRDE´s has?
What are CRDE´s Current Liabilities?

TTM Quick Ratio Company Ranking
Within: No.
Within the Chemical Manufacturing Industry # 71
Basic Materials Sector # 262
Within the Market # 3477


trailing twelve months Quick Ratio Statistics
High Average Low
1.95 0.97 0.34
(Dec 31 2023)   (Jun 30 2021)




Companies with similar Quick Ratio in the quarter ending Jun 30 2024, within Chemical Manufacturing Industry Quick RatioJun 30 2024 MRQ Cash & cash equivalentJun 30 2024 MRQ Current Liabilities
Codexis inc   2.40 $ 73.199  Millions$ 30.539  Millions
Lanzatech Global Inc   2.19 $ 62.186  Millions$ 28.389  Millions
Tantech Holdings Ltd  1.78 $ 34.225  Millions$ 19.244  Millions
Loop Industries Inc   1.69 $ 5.291  Millions$ 3.135  Millions
Biolargo Inc   1.58 $ 4.765  Millions$ 3.012  Millions
Comstock Inc   1.44 $ 19.027  Millions$ 13.257  Millions
Westlake Chemical Partners Lp  1.33 $ 65.999  Millions$ 49.607  Millions
Westlake Corporation  1.20 $ 3,042.000  Millions$ 2,537.000  Millions
Valhi inc   1.08 $ 408.800  Millions$ 378.800  Millions
Arq Inc   1.07 $ 28.478  Millions$ 26.607  Millions
Cardinal Ethanol Llc  1.00 $ 34.323  Millions$ 34.376  Millions
South 8 Energy Llc  0.96 $ 7.764  Millions$ 8.061  Millions
Ecovyst Inc   0.93 $ 83.318  Millions$ 89.287  Millions
Arcadium Lithium Plc  0.89 $ 380.400  Millions$ 428.300  Millions
Ashland Inc   0.86 $ 399.000  Millions$ 464.000  Millions
Dune Acquisition Corp  0.85 $ 0.483  Millions$ 0.569  Millions
Flexible Solutions International Inc   0.84 $ 9.209  Millions$ 10.919  Millions
Element Solutions Inc  0.83 $ 309.300  Millions$ 372.200  Millions
Alto Ingredients Inc   0.83 $ 33.591  Millions$ 40.662  Millions
Innospec Inc   0.72 $ 240.200  Millions$ 332.800  Millions
Minerals Technologies Inc   0.70 $ 316.400  Millions$ 453.600  Millions
Green Plains Inc   0.64 $ 195.554  Millions$ 304.601  Millions
Axalta Coating Systems Ltd   0.63 $ 843.000  Millions$ 1,335.000  Millions
Balchem Corp  0.56 $ 63.738  Millions$ 113.322  Millions
Gulf Resources Inc   0.55 $ 10.368  Millions$ 19.021  Millions
Air Products And Chemicals Inc   0.54 $ 2,437.500  Millions$ 4,474.500  Millions
Quaker Chemical Corporation  0.54 $ 188.568  Millions$ 350.077  Millions
Perimeter Solutions Inc   0.53 $ 43.162  Millions$ 81.852  Millions
Kronos Worldwide inc   0.50 $ 135.500  Millions$ 273.100  Millions
Xpel Inc   0.48 $ 14.984  Millions$ 31.031  Millions

Date modified: 2026-08-30T07:53:29+00:00



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