Mon Courtier Energie Groupe (XPAR:ALMCE) Cash-to-Debt : 23.31 (As of Dec. 2023)

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What is Mon Courtier Energie Groupe 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. Mon Courtier Energie Groupe's cash to debt ratio for the quarter that ended in Dec. 2023 was 23.31.

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, Mon Courtier Energie Groupe could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for Mon Courtier Energie Groupe's Cash-to-Debt or its related term are showing as below:

XPAR:ALMCE' s Cash-to-Debt Range Over the Past 10 Years
Min: 4.46 Med: 8.28 Max: 23.31
Current: 23.31

During the past 3 years, Mon Courtier Energie Groupe's highest Cash to Debt Ratio was 23.31. The lowest was 4.46. And the median was 8.28.

XPAR:ALMCE's Cash-to-Debt is ranked better than
84.56% of 1062 companies
in the Business Services industry
Industry Median: 1 vs XPAR:ALMCE: 23.31

Mon Courtier Energie Groupe Cash-to-Debt Historical Data

The historical data trend for Mon Courtier Energie Groupe'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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Mon Courtier Energie Groupe Cash-to-Debt Chart

Mon Courtier Energie Groupe Annual Data

Trend

Dec21

Dec22

Dec23

Cash-to-Debt

4.46

8.28

23.31

Mon Courtier Energie Groupe Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	4.46	N/A	8.28	20.84	23.31

Competitive Comparison of Mon Courtier Energie Groupe's Cash-to-Debt

For the Specialty Business Services subindustry, Mon Courtier Energie Groupe'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.

Mon Courtier Energie Groupe's Cash-to-Debt Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Mon Courtier Energie Groupe's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Mon Courtier Energie Groupe's Cash-to-Debt falls into.

Mon Courtier Energie Groupe 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.

Mon Courtier Energie Groupe'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)
	=	8.32	/	(0.001	+	0.356)
	=	23.31

Mon Courtier Energie Groupe'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)
	=	8.32	/	(0.001	+	0.356)
	=	23.31

Mon Courtier Energie Groupe (XPAR:ALMCE) 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.

Mon Courtier Energie Groupe Cash-to-Debt Related Terms

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Mon Courtier Energie Groupe (XPAR:ALMCE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Mon Courtier Energie Groupe SA (XPAR:ALMCE) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

22-26 Quai de Bacalan, Bordeaux, FRA, 33000

Website

https://www.moncourtierenergie.com

Mon Courtier Energie Groupe SA provides energy expertise and brokerage services in France with its 23 agencies distributed on the national territory. It supports companies of all sizes in various sectors such as health, real estate, catering, hotels, shops or industry.

Mon Courtier Energie Groupe (XPAR:ALMCE) Headlines

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