Electricite et Eaux de Madagascar (XPAR:EEM) Cash-to-Debt : 137.13 (As of Jun. 2023)

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What is Electricite et Eaux de Madagascar 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. Electricite et Eaux de Madagascar's cash to debt ratio for the quarter that ended in Jun. 2023 was 137.13.

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, Electricite et Eaux de Madagascar could pay off its debt using the cash in hand for the quarter that ended in Jun. 2023.

The historical rank and industry rank for Electricite et Eaux de Madagascar's Cash-to-Debt or its related term are showing as below:

XPAR:EEM' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: 0.2 Max: 137.13
Current: 137.13

During the past 13 years, Electricite et Eaux de Madagascar's highest Cash to Debt Ratio was 137.13. The lowest was 0.02. And the median was 0.20.

XPAR:EEM's Cash-to-Debt is ranked better than
61.26% of 1466 companies
in the Asset Management industry
Industry Median: 5.845 vs XPAR:EEM: 137.13

Electricite et Eaux de Madagascar Cash-to-Debt Historical Data

The historical data trend for Electricite et Eaux de Madagascar'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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Electricite et Eaux de Madagascar Cash-to-Debt Chart

Electricite et Eaux de Madagascar Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

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0.37

0.13

0.04

0.28

0.56

Electricite et Eaux de Madagascar Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Cash-to-Debt	Get a 7-Day Free Trial															0.16	0.28	0.39	0.56	137.13

Competitive Comparison of Electricite et Eaux de Madagascar's Cash-to-Debt

For the Asset Management subindustry, Electricite et Eaux de Madagascar'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.

Electricite et Eaux de Madagascar's Cash-to-Debt Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Electricite et Eaux de Madagascar's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Electricite et Eaux de Madagascar's Cash-to-Debt falls into.

Electricite et Eaux de Madagascar 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.

Electricite et Eaux de Madagascar'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)
	=	0.43	/	(0.767	+	0)
	=	0.56

Electricite et Eaux de Madagascar's Cash to Debt Ratio for the quarter that ended in Jun. 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)
	=	4.388	/	(0.032	+	0)
	=	137.13

Electricite et Eaux de Madagascar (XPAR:EEM) 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.

Electricite et Eaux de Madagascar Cash-to-Debt Related Terms

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Electricite et Eaux de Madagascar (XPAR:EEM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Electricite et Eaux de Madagascar (XPAR:EEM) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

48 avenue Victor Hugo, Paris, FRA, 75116

Website

http://www.eem-group.com

Electricite et Eaux de Madagascar is an international investment company. The company is present in the hotel industry in Cambodia and real estate in the Paris region holds a majority stake in Gascogne and a stake in the Societe Francaise de Casinos.