ENEFI Asset Management (BUD:ENEFI) Cash-to-Debt : 87.44 (As of Dec. 2023)

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What is ENEFI Asset Management 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. ENEFI Asset Management's cash to debt ratio for the quarter that ended in Dec. 2023 was 87.44.

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, ENEFI Asset Management 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 ENEFI Asset Management's Cash-to-Debt or its related term are showing as below:

BUD:ENEFI' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.06 Med: 56.87 Max: No Debt
Current: 87.44

During the past 13 years, ENEFI Asset Management's highest Cash to Debt Ratio was No Debt. The lowest was 0.06. And the median was 56.87.

BUD:ENEFI's Cash-to-Debt is ranked better than
94.17% of 429 companies
in the Utilities - Independent Power Producers industry
Industry Median: 0.23 vs BUD:ENEFI: 87.44

ENEFI Asset Management Cash-to-Debt Historical Data

The historical data trend for ENEFI Asset Management'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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ENEFI Asset Management Cash-to-Debt Chart

ENEFI Asset Management Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

10.20

3.68

8.18

26.31

87.44

ENEFI Asset Management Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															8.18	14.19	26.31	26.70	87.44

Competitive Comparison of ENEFI Asset Management's Cash-to-Debt

For the Utilities - Renewable subindustry, ENEFI Asset Management'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.

ENEFI Asset Management's Cash-to-Debt Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, ENEFI Asset Management's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where ENEFI Asset Management's Cash-to-Debt falls into.

ENEFI Asset Management 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.

ENEFI Asset Management'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)
	=	1369.248	/	(15.659	+	0)
	=	87.44

ENEFI Asset Management'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)
	=	1369.248	/	(15.659	+	0)
	=	87.44

ENEFI Asset Management (BUD:ENEFI) 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.

ENEFI Asset Management Cash-to-Debt Related Terms

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ENEFI Asset Management (BUD:ENEFI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » ENEFI Asset Management PLC (BUD:ENEFI) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Nanasi ut 23779/8/E/24, Budapest, HUN, 1031

Website

https://www.enefi.hu

ENEFI Asset Management PLC is an alternative energy company specializing in the implementation of self-financed, technology-independent, and supplier-independent complex energy efficiency-improvement projects, based on the combination of fossil and renewable energy sources. It offers heat supply, public lighting, and kitchen technology investments. The company operates in the following segments: the Energy sector; the Real segment which currently has four branches: finance, tourism, real estate, and food industry; and the Capital market segment. The company derives the majority of its revenue from the Energy sector. The company operates in Cyprus and Romania, out of which the majority of the revenue is generated from Romania.

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