UGE International (TSXV:UGE) Cash-to-Debt : 0.03 (As of Dec. 2023)

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What is UGE International 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. UGE International's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.03.

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, UGE International couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

TSXV:UGE' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.05 Max: No Debt
Current: 0.03

During the past 12 years, UGE International's highest Cash to Debt Ratio was No Debt. The lowest was 0.01. And the median was 0.05.

TSXV:UGE's Cash-to-Debt is ranked worse than
91.16% of 430 companies
in the Utilities - Independent Power Producers industry
Industry Median: 0.23 vs TSXV:UGE: 0.03

UGE International Cash-to-Debt Historical Data

The historical data trend for UGE International'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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UGE International Cash-to-Debt Chart

UGE International Annual Data

Trend

Feb14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

0.05

0.18

0.07

0.05

0.03

UGE International Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															0.04	0.05	0.07	0.04	0.03

Competitive Comparison of UGE International's Cash-to-Debt

For the Utilities - Renewable subindustry, UGE International'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.

UGE International's Cash-to-Debt Distribution in the Utilities - Independent Power Producers Industry

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

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

UGE International 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.

UGE International'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)
	=	3.264	/	(16.282	+	94.929)
	=	0.03

UGE International's Cash to Debt Ratio for the quarter 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)
	=	3.264	/	(16.282	+	94.929)
	=	0.03

UGE International (TSXV:UGE) 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.

UGE International Cash-to-Debt Related Terms

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

UGE International (TSXV:UGE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » UGE International Ltd (TSXV:UGE) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

UGEIF:USA 0UG1:Germany

Address

56 Temperance Street, 7th Floor, Toronto, ON, CAN

Website

https://www.ugei.com

UGE International Ltd is a turnkey commercial solar company, developing, building, and financing solar projects. UGE has over 600 projects and operates in three core markets: the US, Canada, and the Philippines. The company provides a complete turnkey approach, taking projects from conception all the way through to financing and operation, capturing greater margins and recurring revenue for shareholders, while delivering a superior experience to its clientele. It operates in one operating segment: Renewable energy solutions..

Executives

Nicolas Adrian Blitterswyk	10% Security Holder, Director, Senior Officer
Wendy Liu	Director
Scot William Melland	Director