Energia Innovacion Y Desarrollo Fotovoltaico (XMAD:EIDF) Cash-to-Debt : 0.15 (As of Dec. 2023)

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What is Energia Innovacion Y Desarrollo Fotovoltaico 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. Energia Innovacion Y Desarrollo Fotovoltaico's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.15.

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, Energia Innovacion Y Desarrollo Fotovoltaico 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 Energia Innovacion Y Desarrollo Fotovoltaico's Cash-to-Debt or its related term are showing as below:

XMAD:EIDF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.15 Med: 0.41 Max: 2.98
Current: 0.15

During the past 5 years, Energia Innovacion Y Desarrollo Fotovoltaico's highest Cash to Debt Ratio was 2.98. The lowest was 0.15. And the median was 0.41.

XMAD:EIDF's Cash-to-Debt is ranked worse than
92.54% of 938 companies
in the Semiconductors industry
Industry Median: 1.875 vs XMAD:EIDF: 0.15

Energia Innovacion Y Desarrollo Fotovoltaico Cash-to-Debt Historical Data

The historical data trend for Energia Innovacion Y Desarrollo Fotovoltaico'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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Energia Innovacion Y Desarrollo Fotovoltaico Cash-to-Debt Chart

Energia Innovacion Y Desarrollo Fotovoltaico Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

2.98

0.41

0.52

0.22

0.15

Energia Innovacion Y Desarrollo Fotovoltaico Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial			0.52	0.83	0.22	0.21	0.15

Competitive Comparison of Energia Innovacion Y Desarrollo Fotovoltaico's Cash-to-Debt

For the Solar subindustry, Energia Innovacion Y Desarrollo Fotovoltaico'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.

Energia Innovacion Y Desarrollo Fotovoltaico's Cash-to-Debt Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Energia Innovacion Y Desarrollo Fotovoltaico's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Energia Innovacion Y Desarrollo Fotovoltaico's Cash-to-Debt falls into.

Energia Innovacion Y Desarrollo Fotovoltaico 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.

Energia Innovacion Y Desarrollo Fotovoltaico'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)
	=	5.532	/	(25.473	+	12.495)
	=	0.15

Energia Innovacion Y Desarrollo Fotovoltaico'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)
	=	5.532	/	(25.473	+	12.495)
	=	0.15

Energia Innovacion Y Desarrollo Fotovoltaico (XMAD:EIDF) 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.

Energia Innovacion Y Desarrollo Fotovoltaico Cash-to-Debt Related Terms

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

Energia Innovacion Y Desarrollo Fotovoltaico (XMAD:EIDF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Energia Innovacion Y Desarrollo Fotovoltaico SA (XMAD:EIDF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

F63:Germany

Address

Poligono Industrial Outeda - Curro, No.3, Mud, Pontevedra, ESP, 36692

Website

https://www.eidfsolar.es

Energia Innovacion Y Desarrollo Fotovoltaico SA is a company specialized in photovoltaic solar energy projects. It offers engineering services, energy consulting, and installation of low and medium voltage. It is engaged in self-consumption photovoltaic installations for companies. Some of its projects are Generation park-Pulpi I, Fricosa, Barcia pipes, Peregrin One Garlic among others.

Energia Innovacion Y Desarrollo Fotovoltaico (XMAD:EIDF) Headlines

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