Cardinal Ethanol LLC
Cardinal Ethanol, LLC engages in production and sale of fuel-grade ethanol, distiller grains, corn oil, and raw carbon dioxide in the continental United States. The company's ethanol is used as an octane enhancer in fuels; an oxygenated fuel additive for reducing ozone and carbon monoxide emissions; and a non-petroleum-based gasoline substitute. It also offers distillers grains for applications a… Read more
Cardinal Ethanol LLC (CRDE) - Total Assets
Latest total assets as of June 2024: $266.25 Million USD
Based on the latest financial reports, Cardinal Ethanol LLC (CRDE) holds total assets worth $266.25 Million USD as of June 2024.
Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments.
Cardinal Ethanol LLC - Total Assets Trend (2013–2023)
This chart illustrates how Cardinal Ethanol LLC’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Cardinal Ethanol LLC - Asset Composition Analysis
Current Asset Composition (September 2023)
Cardinal Ethanol LLC's total assets of $266.25 Million consist of 56.0% current assets and 44.0% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 30.0% |
| Accounts Receivable | $18.41 Million | 7.9% |
| Inventory | $15.10 Million | 6.5% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $0.00 | 0.0% |
| Goodwill | $0.00 | 0.0% |
Asset Composition Trend (2013–2023)
This chart illustrates how Cardinal Ethanol LLC's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Cardinal Ethanol LLC's current assets represent 56.0% of total assets in 2023, an increase from 0.0% in 2013.
- Cash Position: Cash and equivalents constituted 30.0% of total assets in 2023, up from 14.4% in 2013.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2013.
- Asset Diversification: The largest asset category is accounts receivable at 7.9% of total assets.
Cardinal Ethanol LLC Competitors by Total Assets
Key competitors of Cardinal Ethanol LLC based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Renxin New Material Co. Ltd. A
SHE:301395
|
China | CN¥1.99 Billion |
|
Engro Corporation Ltd
KAR:ENGRO
|
Pakistan | PKRs765.68 Billion |
|
Fatima Fertilizer Company Ltd
KAR:FATIMA
|
Pakistan | PKRs256.23 Billion |
|
North Huajin Chemical Industries Co Ltd
SHE:000059
|
China | CN¥24.47 Billion |
|
Jiangsu Wujiang China Eastern Silk Market Co Ltd
SHE:000301
|
China | CN¥212.80 Billion |
|
Zangge Holding Co Ltd
SHE:000408
|
China | CN¥16.36 Billion |
|
Sichuan Jinlu Group Co Ltd
SHE:000510
|
China | CN¥2.53 Billion |
|
Jilin Gpro Titanium Industry Co Ltd
SHE:000545
|
China | CN¥2.48 Billion |
Cardinal Ethanol LLC - Asset Efficiency Metrics
Asset efficiency metrics measure how effectively a company uses its assets to generate revenue and profits. These indicators help investors evaluate management's ability to deploy capital efficiently.
Asset Turnover Ratio
Measures how efficiently a company uses its assets to generate sales
Strong asset utilization - Cardinal Ethanol LLC generates 2.16x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Excellent ROA - For every $100 in assets, Cardinal Ethanol LLC generates $ 29.99 in net profit.
Cardinal Ethanol LLC - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 3.17 | 3.74 | 2.50 |
| Quick Ratio | 1.99 | 2.89 | 1.21 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $74.56 Million | $ 87.35 Million | $ 31.80 Million |
Cardinal Ethanol LLC - Advanced Valuation Insights
This section examines the relationship between Cardinal Ethanol LLC's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 0.99 |
| Latest Market Cap to Assets Ratio | 0.63 |
| Asset Growth Rate (YoY) | 23.2% |
| Total Assets | $232.77 Million |
| Market Capitalization | $147.10 Million USD |
Valuation Analysis
Below Book Valuation: The market values Cardinal Ethanol LLC's assets below their book value (0.63 x), which may indicate investor concerns about asset quality or future growth.
Rapid Asset Growth: Cardinal Ethanol LLC's assets grew by 23.2% over the past year, indicating significant expansion of the company's resource base.
Annual Total Assets for Cardinal Ethanol LLC (2013–2023)
The table below shows the annual total assets of Cardinal Ethanol LLC from 2013 to 2023.
| Year | Total Assets | Change |
|---|---|---|
| 2023-09-30 | $232.77 Million | +23.19% |
| 2022-09-30 | $188.96 Million | +24.36% |
| 2021-09-30 | $151.94 Million | +17.11% |
| 2020-09-30 | $129.74 Million | -5.68% |
| 2019-09-30 | $137.55 Million | -4.87% |
| 2018-09-30 | $144.59 Million | -9.16% |
| 2017-09-30 | $159.17 Million | +3.41% |
| 2016-09-30 | $153.93 Million | -2.25% |
| 2015-09-30 | $157.47 Million | -5.36% |
| 2014-09-30 | $166.39 Million | -1.42% |
| 2013-09-30 | $168.78 Million | -- |