CRDE
Price:
$19000
Market Cap:
$277.51M
Cardinal Ethanol, LLC, founded in 2005 and situated in Union City, Indiana, is a company dedicated to the manufacturing and distribution of fuel ethanol, distillers' grains, corn oil, and crude carbon dioxide. The firm, which was originally incorporated as Indiana Ethanol, LLC before adopting its current name in September 2005, supplies these products primarily within the continental United States, with a portion also being exported. The fuel ethanol produced by Cardinal Ethanol serves several critical functions: it enhances octane levels in fuels, acts as an oxygenate additive to reduce both ozone and carbon monoxide emissions, and offers a gasoline alternative not derived from petroleum. F...[Read more]
Industry
Chemicals
IPO Date
2011-02-25
Stock Exchange
OTC
Ticker
CRDE
According to Cardinal Ethanol, LLC’s latest financial reports and current stock price. The company's current Current Ratio is 4.65. This represents a change of 39.27% compared to the average of 3.34 of the last 4 quarters.
The mean historical Current Ratio of Cardinal Ethanol, LLC over the last ten years is 3.52. The current 4.65 Current Ratio has changed 13.10% with respect to the historical average. Over the past ten years (40 quarters), CRDE's Current Ratio was at its highest in in the March 2023 quarter at 4.84. The Current Ratio was at its lowest in in the December 2020 quarter at 1.52.
Average
3.52
Median
3.47
Minimum
2.66
Maximum
4.65
Discovering the peaks and valleys of Cardinal Ethanol, LLC Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.
Maximum Annual Increase = 25.08%
Maximum Annual Current Ratio = 4.65
Minimum Annual Increase = -33.00%
Minimum Annual Current Ratio = 2.66
| Year | Current Ratio | Change |
|---|---|---|
| 2023 | 4.65 | 25.08% |
| 2022 | 3.72 | 15.53% |
| 2021 | 3.22 | 16.30% |
| 2020 | 2.77 | 3.96% |
| 2019 | 2.66 | -2.66% |
| 2018 | 2.74 | -1.74% |
| 2017 | 2.78 | -33.00% |
| 2016 | 4.16 | 2.50% |
| 2015 | 4.05 | -9.63% |
| 2014 | 4.49 | 1.87% |
The current Current Ratio of Cardinal Ethanol, LLC (CRDE) is greater than its 3-year, greater than its 5-year, and greater than its 10-year historical averages
3-year avg
3.86
5-year avg
3.40
10-year avg
3.52
Cardinal Ethanol, LLC’s Current Ratio is greater than Lake Area Corn Processors, LLC (1.62), less than EURO Ressources S.A. (23.50), greater than Marathon Gold Corporation (4.55), greater than Golden Grain Energy, LLC (3.76), greater than Dainichiseika Color & Chemicals Mfg. Co., Ltd. (2.40), greater than Piedmont Lithium Inc. (1.81), less than Latin Resources Limited (7.33), greater than Capital Limited (2.47), greater than ArcelorMittal South Africa Ltd (0.90), greater than Osino Resources Corp. (0.38),
| Company | Current Ratio | Market cap |
|---|---|---|
| 1.62 | $236.96M | |
| 23.50 | $250.91M | |
| 4.55 | $278.68M | |
| 3.76 | $208.59M | |
| 2.40 | $206.70M | |
| 1.81 | $159.11M | |
| 7.33 | $260.54M | |
| 2.47 | $232.44M | |
| 0.90 | $246.53M | |
| 0.38 | $254.63M |
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