Nuvve Holding (Nuvve Holding) Cash-to-Debt : 0.98 (As of Mar. 2024)

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What is Nuvve Holding 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. Nuvve Holding's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.98.

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, Nuvve Holding couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

NVVE' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.28 Med: 1.6 Max: 9.29
Current: 0.28

During the past 4 years, Nuvve Holding's highest Cash to Debt Ratio was 9.29. The lowest was 0.28. And the median was 1.60.

NVVE's Cash-to-Debt is ranked worse than
61.34% of 1107 companies
in the Retail - Cyclical industry
Industry Median: 0.46 vs NVVE: 0.28

Nuvve Holding Cash-to-Debt Historical Data

The historical data trend for Nuvve Holding'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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Nuvve Holding Cash-to-Debt Chart

Nuvve Holding Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

0.53

9.29

2.66

0.28

Nuvve Holding Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial												2.03	1.93	2.47	0.28	0.98

Competitive Comparison of Nuvve Holding's Cash-to-Debt

For the Specialty Retail subindustry, Nuvve Holding'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.

Nuvve Holding's Cash-to-Debt Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Nuvve Holding's Cash-to-Debt distribution charts can be found below:

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

Nuvve Holding 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.

Nuvve Holding's Cash to Debt Ratio for the fiscal year that ended in Dec. 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)
	=	1.535	/	(0.856	+	4.646)
	=	0.28

Nuvve Holding'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)
	=	5.283	/	(0.852	+	4.531)
	=	0.98

Nuvve Holding (NAS:NVVE) 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.

Nuvve Holding Cash-to-Debt Related Terms

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Nuvve Holding (Nuvve Holding) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Nuvve Holding Corp (NAS:NVVE) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

2488 Historic Decatur Road, Suite 200, San Diego, CA, USA, 92106

Website

https://www.nuvve.com

Nuvve Holding Corp is accelerating the electrification of transportation through its proprietary vehicle-to-grid (V2G) technology. It helps to support the integration of renewable energy sources, including solar and wind. Its Grid Integrated Vehicle (GIV) platform is refueling the next generation of electric vehicle fleets through bidirectional charging solutions.

Executives

David Robson	officer: Chief Financial Officer	FARMER BROS.CO., 1912 FARMER BROTHERS DR, NORTHLAKE TX 76262
Gregory Poilasne	director, officer: Chief Executive Officer	C/O NUVVE HOLDING CORP., 2468 HISTORIC DECATUR ROAD, SAN DIEGO CA 92106
Stonepeak Gp Investors Holdings Lp	10 percent owner	55 HUDSON YARDS, 550 WEST 34TH STREET, 48TH FLOOR, NEW YORK NY 10001
Stonepeak Gp Investors Upper Holdings Lp	10 percent owner	55 HUDSON YARDS, 550 WEST 34TH STREET, 48TH FLOOR, NEW YORK NY 10001
Stonepeak Gp Investors Holdings Manager Llc	10 percent owner	55 HUDSON YARDS, 550 WEST 34TH STREET, 48TH FLOOR, NEW YORK NY 10001
Ted C. Smith	director, officer: President & COO	C/O NUVVE HOLDING CORP., 2468 HISTORIC DECATUR ROAD, SAN DIEGO CA 92106
Lande Rashida La	director	C/O THE KRAFT HEINZ COMPANY, ONE PPG PLACE, SUITE 3200, PITTSBURGH PA 15222
Stonepeak Rocket Holdings Ii Lp	10 percent owner	55 HUDSON YARDS, 550 WEST 34TH STREET, 48TH FLOOR, NEW YORK NY 10001
Stonepeak Gp Investors Iv Llc	10 percent owner	55 HUDSON YARDS, 550 WEST 34TH STREET, 48TH FLOOR, NEW YORK NY 10001
Stonepeak Associates Iv Llc	10 percent owner	55 HUDSON YARDS, 550 WEST 34TH STREET, 48TH FLOOR, NEW YORK NY 10001
Evolve Transition Infrastructure Lp	10 percent owner	1360 POST OAK BLVD, SUITE 2400, HOUSTON TX 77056
Stonepeak Rocket Holdings Lp	10 percent owner	55 HUDSON YARDS, 550 WEST 34TH STREET, 48TH FLOOR, NEW YORK NY 10001
Stonepeak Rocket Upper Holdings Lp	10 percent owner	55 HUDSON YARDS, 550 WEST 34TH STREET, 48TH FLOOR, NEW YORK NY 10001
Stonepeak Gp Investors Manager Llc	10 percent owner	55 HUDSON YARDS, 550 W. 34TH STREET, 48TH FLOOR, NEW YORK NY 10001
Michael B. Dorrell	10 percent owner	55 HUDSON YARDS, 550 W. 34TH STREET, 48TH FLOOR, NEW YORK NY 10001