Groupe Okwind (FRA:4QX) Cash-to-Debt : 0.85 (As of Jun. 2023)

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What is Groupe Okwind 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. Groupe Okwind's cash to debt ratio for the quarter that ended in Jun. 2023 was 0.85.

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, Groupe Okwind couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2023.

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

FRA:4QX' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.23 Med: 0.66 Max: 1.2
Current: 0.85

During the past 4 years, Groupe Okwind's highest Cash to Debt Ratio was 1.20. The lowest was 0.23. And the median was 0.66.

FRA:4QX's Cash-to-Debt is ranked better than
75.12% of 430 companies
in the Utilities - Independent Power Producers industry
Industry Median: 0.23 vs FRA:4QX: 0.85

Groupe Okwind Cash-to-Debt Historical Data

The historical data trend for Groupe Okwind'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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Groupe Okwind Cash-to-Debt Chart

Groupe Okwind Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

0.40

0.46

0.23

1.20

Groupe Okwind Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23
Cash-to-Debt	0.46	0.23	N/A	1.20	0.85

Competitive Comparison of Groupe Okwind's Cash-to-Debt

For the Utilities - Renewable subindustry, Groupe Okwind'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.

Groupe Okwind's Cash-to-Debt Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Groupe Okwind's Cash-to-Debt distribution charts can be found below:

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

Groupe Okwind 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.

Groupe Okwind's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 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)
	=	21.853	/	(3.845	+	14.32)
	=	1.20

Groupe Okwind's Cash to Debt Ratio for the quarter 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)
	=	18.643	/	(10.155	+	11.782)
	=	0.85

Groupe Okwind (FRA:4QX) 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.

Groupe Okwind Cash-to-Debt Related Terms

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Groupe Okwind (FRA:4QX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Groupe Okwind SA (FRA:4QX) » Definitions » Cash-to-Debt

Traded in Other Exchanges

ALOKW:France

Address

Parc d’activités Torcé Ouest ZA du Haut Montigné, Torce, FRA

Website

https://www.okwind.fr

Groupe Okwind SA is specialized in developing solutions for short-circuit green energy production and use. The company offers smart, AI-based energy production management by bringing individuals, farms, industrial sites and local governments self-supply solutions that enable them to generate and use their own energy using smart, high-performance photovoltaic trackers. France account for all net sales.

Groupe Okwind (FRA:4QX) Headlines

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