Lechwerke AG (FRA:LEC) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is Lechwerke AG 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. Lechwerke AG's cash to debt ratio for the quarter that ended in Dec. 2023 was No Debt ⁽¹⁾.

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, Lechwerke AG could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

(1) 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.

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

FRA:LEC' s Cash-to-Debt Range Over the Past 10 Years
Min: No Debt Med: No Debt Max: No Debt
Current: No Debt

During the past 13 years, Lechwerke AG's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

FRA:LEC's Cash-to-Debt is ranked better than
99.8% of 499 companies
in the Utilities - Regulated industry
Industry Median: 0.25 vs FRA:LEC: No Debt

Lechwerke AG Cash-to-Debt Historical Data

The historical data trend for Lechwerke AG'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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Lechwerke AG Cash-to-Debt Chart

Lechwerke AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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No Debt

Lechwerke AG Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Lechwerke AG's Cash-to-Debt

For the Utilities - Diversified subindustry, Lechwerke AG'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.

Lechwerke AG's Cash-to-Debt Distribution in the Utilities - Regulated Industry

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

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

Lechwerke AG 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.

Lechwerke AG's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Lechwerke AG had no debt ⁽¹⁾.

Lechwerke AG's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Lechwerke AG had no debt ⁽¹⁾.

Lechwerke AG (FRA:LEC) 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.

Lechwerke AG Cash-to-Debt Related Terms

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

Lechwerke AG (FRA:LEC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Lechwerke AG (FRA:LEC) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

LEC:Germany

Address

Schaezlerstrasse 3, Augsburg, DEU, 86150

Website

http://www.lew.de

Lechwerke AG is a regional energy supplier in Bavaria and parts of Baden-Wurttemberg. The company offers both electricity and gas products as well as all energy-related services such as contracting, energy certificates and energy controlling. The company also works in the field of street lighting as well as the development and implementation of energy efficiency projects and comprehensive energy concepts.

Lechwerke AG (FRA:LEC) Headlines

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Lechwerke AG (FRA:LEC) Cash-to-Debt : No Debt (1) (As of Dec. 2023)