Jersey Electricity (LSE:JEL) Cash-to-Debt : 1.41 (As of Mar. 2024)

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What is Jersey Electricity 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. Jersey Electricity's cash to debt ratio for the quarter that ended in Mar. 2024 was 1.41.

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, Jersey Electricity could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

LSE:JEL' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.06 Med: 0.71 Max: 1.43
Current: 1.41

During the past 13 years, Jersey Electricity's highest Cash to Debt Ratio was 1.43. The lowest was 0.06. And the median was 0.71.

LSE:JEL's Cash-to-Debt is ranked better than
77.48% of 493 companies
in the Utilities - Regulated industry
Industry Median: 0.25 vs LSE:JEL: 1.41

Jersey Electricity Cash-to-Debt Historical Data

The historical data trend for Jersey Electricity'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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Jersey Electricity Cash-to-Debt Chart

Jersey Electricity Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Cash-to-Debt

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0.82

1.08

1.30

1.42

1.43

Jersey Electricity Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															1.29	1.42	1.41	1.43	1.41

Competitive Comparison of Jersey Electricity's Cash-to-Debt

For the Utilities - Regulated Electric subindustry, Jersey Electricity'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.

Jersey Electricity's Cash-to-Debt Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Jersey Electricity's Cash-to-Debt distribution charts can be found below:

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

Jersey Electricity 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.

Jersey Electricity's Cash to Debt Ratio for the fiscal year that ended in Sep. 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)
	=	47.429	/	(0.081	+	33.193)
	=	1.43

Jersey Electricity'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)
	=	46.743	/	(0.081	+	33.152)
	=	1.41

Jersey Electricity (LSE:JEL) 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.

Jersey Electricity Cash-to-Debt Related Terms

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

Jersey Electricity (LSE:JEL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Jersey Electricity PLC (LSE:JEL) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

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Address

Queen's Road, P.O. Box 45, The Powerhouse, Saint Helier, JEY, JE4 8NY

Website

https://www.jec.co.uk

Jersey Electricity PLC functions in the United Kingdom utility industry through the importation, transmission, distribution, generation, and supply of electricity. The company's business segments are divided into Energy, Building Services, retail, property, and others. The majority of the revenue is generated from the Energy segment. The property management business consists of the management of retail parks, stores, and medical centers.

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