AFC Energy (LSE:AFC) Cash-to-Debt : 24.35 (As of Oct. 2023)

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What is AFC Energy 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. AFC Energy's cash to debt ratio for the quarter that ended in Oct. 2023 was 24.35.

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, AFC Energy could pay off its debt using the cash in hand for the quarter that ended in Oct. 2023.

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

LSE:AFC' s Cash-to-Debt Range Over the Past 10 Years
Min: 3.56 Med: 126.59 Max: No Debt
Current: 24.35

During the past 13 years, AFC Energy's highest Cash to Debt Ratio was No Debt. The lowest was 3.56. And the median was 126.59.

LSE:AFC's Cash-to-Debt is ranked better than
83.77% of 2926 companies
in the Industrial Products industry
Industry Median: 1.23 vs LSE:AFC: 24.35

AFC Energy Cash-to-Debt Historical Data

The historical data trend for AFC Energy'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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AFC Energy Cash-to-Debt Chart

AFC Energy Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Cash-to-Debt

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3.56

120.85

61.12

40.38

24.35

AFC Energy Semi-Annual Data
	Apr14	Oct14	Apr15	Oct15	Apr16	Oct16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
Cash-to-Debt	Get a 7-Day Free Trial															61.12	64.26	40.38	24.71	24.35

Competitive Comparison of AFC Energy's Cash-to-Debt

For the Electrical Equipment & Parts subindustry, AFC Energy'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.

AFC Energy's Cash-to-Debt Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, AFC Energy's Cash-to-Debt distribution charts can be found below:

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

AFC Energy 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.

AFC Energy's Cash to Debt Ratio for the fiscal year that ended in Oct. 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)
	=	27.366	/	(0.477	+	0.647)
	=	24.35

AFC Energy's Cash to Debt Ratio for the quarter that ended in Oct. 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)
	=	27.366	/	(0.477	+	0.647)
	=	24.35

AFC Energy (LSE:AFC) 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.

AFC Energy Cash-to-Debt Related Terms

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AFC Energy (LSE:AFC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » AFC Energy PLC (LSE:AFC) » Definitions » Cash-to-Debt

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AFGYF:USA QC8:Germany

Address

Unit 71.4 Dunsfold Park, Stovolds Hill, Cranleigh, Surrey, GBR, GU6 8TB

Website

https://www.afcenergy.com

AFC Energy PLC is a provider of hydrogen fuel cell power systems to generate clean energy in support of the energy transition. the Company's scalable systems provide off-grid, zero-emission power that is already being deployed for rapid electric vehicle charging and the replacement of diesel generators for temporary power applications. it is also working with its partners in the deployment of products for the Maritime, Ports, Data Centers, and Rail industries, emphasizing the central role of its technology in the decarbonization of industry.