PGF Polska Grupa Fotowoltaiczna Spolka Akcyjna (WAR:PGV) Cash-to-Debt : 1.08 (As of Mar. 2024)

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What is PGF Polska Grupa Fotowoltaiczna Spolka Akcyjna 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. PGF Polska Grupa Fotowoltaiczna Spolka Akcyjna's cash to debt ratio for the quarter that ended in Mar. 2024 was 1.08.

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, PGF Polska Grupa Fotowoltaiczna Spolka Akcyjna could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

The historical rank and industry rank for PGF Polska Grupa Fotowoltaiczna Spolka Akcyjna's Cash-to-Debt or its related term are showing as below:

WAR:PGV' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.04 Med: 2.63 Max: No Debt
Current: 1.08

During the past 13 years, PGF Polska Grupa Fotowoltaiczna Spolka Akcyjna's highest Cash to Debt Ratio was No Debt. The lowest was 0.04. And the median was 2.63.

WAR:PGV's Cash-to-Debt is ranked worse than
52.12% of 2997 companies
in the Industrial Products industry
Industry Median: 1.23 vs WAR:PGV: 1.08

PGF Polska Grupa Fotowoltaiczna Spolka Akcyjna Cash-to-Debt Historical Data

The historical data trend for PGF Polska Grupa Fotowoltaiczna Spolka Akcyjna'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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PGF Polska Grupa Fotowoltaiczna Spolka Akcyjna Cash-to-Debt Chart

PGF Polska Grupa Fotowoltaiczna Spolka Akcyjna Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

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No Debt

0.29

7.71

0.39

PGF Polska Grupa Fotowoltaiczna Spolka Akcyjna Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															0.39	3.17	0.56	3.17	1.08

Competitive Comparison of PGF Polska Grupa Fotowoltaiczna Spolka Akcyjna's Cash-to-Debt

For the Metal Fabrication subindustry, PGF Polska Grupa Fotowoltaiczna Spolka Akcyjna'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.

PGF Polska Grupa Fotowoltaiczna Spolka Akcyjna's Cash-to-Debt Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, PGF Polska Grupa Fotowoltaiczna Spolka Akcyjna's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where PGF Polska Grupa Fotowoltaiczna Spolka Akcyjna's Cash-to-Debt falls into.

PGF Polska Grupa Fotowoltaiczna Spolka Akcyjna 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.

PGF Polska Grupa Fotowoltaiczna Spolka Akcyjna's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 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)
	=	0.229	/	(0.05	+	0.541)
	=	0.39

PGF Polska Grupa Fotowoltaiczna Spolka Akcyjna'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)
	=	3.559	/	(1.872	+	1.438)
	=	1.08

PGF Polska Grupa Fotowoltaiczna Spolka Akcyjna (WAR:PGV) 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.

PGF Polska Grupa Fotowoltaiczna Spolka Akcyjna Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of PGF Polska Grupa Fotowoltaiczna Spolka Akcyjna's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

PGF Polska Grupa Fotowoltaiczna Spolka Akcyjna (WAR:PGV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » PGF Polska Grupa Fotowoltaiczna Spolka Akcyjna (WAR:PGV) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

ul. Sulechowska 4a, Zielona Gora, POL, 65-119

Website

http://www.zastal.pl

PGF Polska Grupa Fotowoltaiczna Spolka Akcyjna, formerly Zastal SA is engaged in the manufacture and sale of rolling stock and steel structures. The company manufactures steel structures of industrial halls, buildings, churches, bridges, and railway stations, as well as constructs railway wagons and cars. It also operates in USSR, Iraq, Syria, and China.

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