Alternus Clean Energy (Alternus Clean Energy) Cash-to-Debt : 0.02 (As of Dec. 2023)

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What is Alternus Clean Energy 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. Alternus Clean Energy's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.02.

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

ALCE' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0.02 Max: 0.11
Current: 0.02

During the past 3 years, Alternus Clean Energy's highest Cash to Debt Ratio was 0.11. The lowest was 0.00. And the median was 0.02.

ALCE's Cash-to-Debt is ranked worse than
94.15% of 427 companies
in the Utilities - Independent Power Producers industry
Industry Median: 0.23 vs ALCE: 0.02

Alternus Clean Energy Cash-to-Debt Historical Data

The historical data trend for Alternus Clean Energy'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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Alternus Clean Energy Cash-to-Debt Chart

Alternus Clean Energy Annual Data

Trend

Dec21

Dec22

Dec23

Cash-to-Debt

0.11

0.02

Alternus Clean Energy Semi-Annual Data
	Dec21	Dec22	Dec23
Cash-to-Debt	0.11	-	0.02

Competitive Comparison of Alternus Clean Energy's Cash-to-Debt

For the Utilities - Renewable subindustry, Alternus Clean Energy'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.

Alternus Clean Energy's Cash-to-Debt Distribution in the Utilities - Independent Power Producers Industry

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

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

Alternus Clean Energy 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.

Alternus Clean Energy'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)
	=	4.618	/	(197.717	+	1.252)
	=	0.02

Alternus Clean Energy'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)
	=	4.618	/	(197.717	+	1.252)
	=	0.02

Alternus Clean Energy (NAS:ALCE) 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.

Alternus Clean Energy Cash-to-Debt Related Terms

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Alternus Clean Energy (Alternus Clean Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Alternus Clean Energy Inc (NAS:ALCE) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Blanchardstown Corporate Park 2, Suite 9 & 10 Plaza 212, Dublin, IRL, D15 R504

Website

https://www.alternusenergy.com

Alternus Clean Energy Inc is an international independent clean energy producer. It develops, installs, owns and operates a diverse portfolio of utility-scale solar photovoltaic power stations (PV parks) in Europe and in the USA as a long-term owner. The solar parks benefit from long-term government offtake contracts and/or Power Purchase Agreements (PPAs) with investment grade off-takers, plus energy sales to local power grids.

Alternus Clean Energy (Alternus Clean Energy) Headlines

From GuruFocus

Alternus Clean Energy, Inc. Announces Closing of $2.16 Million Private Placement of Convertible Notes and Warrants

By Marketwired • 04-22-2024