Energy Vault Holdings (Energy Vault Holdings) Cash-to-Debt : 59.07 (As of Dec. 2023)

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What is Energy Vault Holdings 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. Energy Vault Holdings's cash to debt ratio for the quarter that ended in Dec. 2023 was 59.07.

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, Energy Vault Holdings 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 Energy Vault Holdings's Cash-to-Debt or its related term are showing as below:

NRGV' s Cash-to-Debt Range Over the Past 10 Years
Min: 4.66 Med: 59.07 Max: 130.99
Current: 59.07

During the past 5 years, Energy Vault Holdings's highest Cash to Debt Ratio was 130.99. The lowest was 4.66. And the median was 59.07.

NRGV's Cash-to-Debt is ranked better than
93.66% of 426 companies
in the Utilities - Independent Power Producers industry
Industry Median: 0.22 vs NRGV: 59.07

Energy Vault Holdings Cash-to-Debt Historical Data

The historical data trend for Energy Vault Holdings'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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Energy Vault Holdings Cash-to-Debt Chart

Energy Vault Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

9.01

4.66

77.53

130.99

59.07

Energy Vault Holdings Quarterly Data
	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial										130.99	84.61	75.60	102.39	59.07

Competitive Comparison of Energy Vault Holdings's Cash-to-Debt

For the Utilities - Renewable subindustry, Energy Vault Holdings'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.

Energy Vault Holdings's Cash-to-Debt Distribution in the Utilities - Independent Power Producers Industry

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

* The bar in red indicates where Energy Vault Holdings's Cash-to-Debt falls into.

Energy Vault Holdings 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.

Energy Vault Holdings'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)
	=	109.923	/	(0.724	+	1.137)
	=	59.07

Energy Vault Holdings'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)
	=	109.923	/	(0.724	+	1.137)
	=	59.07

Energy Vault Holdings (NYSE:NRGV) 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.

Energy Vault Holdings Cash-to-Debt Related Terms

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Energy Vault Holdings (Energy Vault Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Energy Vault Holdings Inc (NYSE:NRGV) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

8610:Germany 8610:Germany

Address

4360 Park Terrace Drive, Suite 100, Westlake Village, CA, USA, 91361

Website

https://www.energyvault.com

Energy Vault Holdings Inc is a grid-scale energy storage company that is driving a faster transition to renewable power by solving the intermittence issues that are inherent to the most prevalent sources of renewable energy, solar and wind. Geographical presence in United States, China and Other. Majority of its revenue comes from U.S.

Executives

Akshay Ladwa	officer: Chief Engineering Officer	C/O ENERGY VAULT, INC., 4360 PARK TERRACE DRIVE, SUITE 100, WESTLAKE VILLAGE CA 91361
Marco Terruzzin	officer: Chief Product Officer	4360 PARK TERRACE, SUITE 100, WESTLAKE VILLAGE CA 91361
Van Gaalen Jan Kees	officer: Chief Financial Officer	10205 WESTHEIMER, SUITE 1000, HOUSTON TX 77042
Christopher Wiese	officer: Chief Operating Officer	4360 PARK TERRACE DRIVE, SUITE 100, WESTLAKE VILLAGE CA 91361
Goncagul Icoren	officer: Chief People Officer	4360 PARK TERRACE DRIVE, SUITE 100, WESTLAKE VILLAGE CA 91361
Josh Mcmorrow	officer: Chief Legal Officer	4360 PARK TERRACE DRIVE, SUITE 100, WESTLAKE VILLAGE CA 91361
Laurence Alexander	officer: Chief Marketing Officer	C/O ROK ENTERTAINMENT GROUP ROK HOUSE, HOLYHEAD ROAD, ALBRIGHTON, WOLVERHAMPTON X0 WV7 3AU
Robert Piconi	director, officer: Chief Executive Officer	C/O HEALTHCARE AI ACQUISITION, 7 STANLEY GARDENS, LONDON X0 W112ND
Andrea Pedretti	officer: Chief Technology Officer	4360 PARK TERRACE DRIVE, SUITE 100, WESTLAKE VILLAGE CA 91361
Theresa M Fariello	director	C/O ENERGY VAULT, INC., 4360 PARK TERRACE DRIVE, SUITE 100, WESTLAKE VILLAGE CA 91361
William Gross	director	C/O BILL GROSS' IDEALAB, 130 W UNION STREET, PASADENA CA 91103
David W Hitchcock	officer: Interim CFO	67 WHIPPANY ROAD, WHIPPANY NJ 07981
Thomas R Ertel	director	C/O BLACKBAUD, INC., 2000 DANIEL ISLAND DRIVE, CHARLESTON SC 29492
Idealab Studio, Llc	10 percent owner	130 W. UNION STREET, PASADENA CA 91103
John G Jung	officer: President of EVS	4360 PARK TERRACE DRIVE, SUITE 100, WESTLAKE VILLAGE CA 91361