Eneraqua Technologies (LSE:ETP) Cash-to-Debt : 0.95 (As of Jan. 2024)

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What is Eneraqua Technologies 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. Eneraqua Technologies's cash to debt ratio for the quarter that ended in Jan. 2024 was 0.95.

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, Eneraqua Technologies couldn't pay off its debt using the cash in hand for the quarter that ended in Jan. 2024.

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

LSE:ETP' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.41 Med: 1.17 Max: 21.31
Current: 0.95

During the past 6 years, Eneraqua Technologies's highest Cash to Debt Ratio was 21.31. The lowest was 0.41. And the median was 1.17.

LSE:ETP's Cash-to-Debt is ranked better than
75.52% of 429 companies
in the Utilities - Independent Power Producers industry
Industry Median: 0.24 vs LSE:ETP: 0.95

Eneraqua Technologies Cash-to-Debt Historical Data

The historical data trend for Eneraqua Technologies'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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Eneraqua Technologies Cash-to-Debt Chart

Eneraqua Technologies Annual Data

Trend

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Cash-to-Debt

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1.67

0.83

21.31

0.41

0.95

Eneraqua Technologies Semi-Annual Data
	Jan19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24
Cash-to-Debt	Get a 7-Day Free Trial					21.31	0.95	0.41	0.81	0.95

Competitive Comparison of Eneraqua Technologies's Cash-to-Debt

For the Utilities - Independent Power Producers subindustry, Eneraqua Technologies'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.

Eneraqua Technologies's Cash-to-Debt Distribution in the Utilities - Independent Power Producers Industry

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

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

Eneraqua Technologies 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.

Eneraqua Technologies's Cash to Debt Ratio for the fiscal year that ended in Jan. 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)
	=	6.364	/	(2.4	+	4.297)
	=	0.95

Eneraqua Technologies's Cash to Debt Ratio for the quarter that ended in Jan. 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)
	=	6.364	/	(2.4	+	4.297)
	=	0.95

Eneraqua Technologies (LSE:ETP) 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.

Eneraqua Technologies Cash-to-Debt Related Terms

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Eneraqua Technologies (LSE:ETP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Eneraqua Technologies PLC (LSE:ETP) » Definitions » Cash-to-Debt

Traded in Other Exchanges

Y21:Germany

Address

2 Windmill Street, Fitzrovia, London, GBR, W1T 2HX

Website

https://www.eneraquatechnologies.com

Eneraqua Technologies PLC is engaged in the provision of turnkey solutions for decarbonisation through heating and hot water systems for multiple occupancies social housing and commercial projects. Its services are split into two divisions: energy and water. The energy division focuses on clients with end-of-life gas, oil, or electric heating and hot water systems. The water division is a growing service offering focused on water efficiency upgrades utilizing the patented Control Flow HL2024 technology.