Cleco (CNL) Cash-to-Debt : 0.05 (As of Dec. 2015)

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What is Cleco 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. Cleco's cash to debt ratio for the quarter that ended in Dec. 2015 was 0.05.

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, Cleco couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2015.

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

CNL's Cash-to-Debt is not ranked ^*
in the Utilities - Regulated industry.
Industry Median: 0.25
* Ranked among companies with meaningful Cash-to-Debt only.

Cleco Cash-to-Debt Historical Data

The historical data trend for Cleco'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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Cleco Cash-to-Debt Chart

Cleco Annual Data

Trend

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Cash-to-Debt

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0.07

0.02

0.03

0.05

Cleco Quarterly Data
	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15
Cash-to-Debt	Get a 7-Day Free Trial															0.03	0.05	0.02	0.01	0.05

Competitive Comparison of Cleco's Cash-to-Debt

For the Utilities - Regulated Electric subindustry, Cleco'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.

Cleco's Cash-to-Debt Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Cleco's Cash-to-Debt distribution charts can be found below:

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

Cleco 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.

Cleco's Cash to Debt Ratio for the fiscal year that ended in Dec. 2015 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)
	=	68.246	/	(19.421	+	1267.703)
	=	0.05

Cleco's Cash to Debt Ratio for the quarter that ended in Dec. 2015 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)
	=	68.246	/	(19.421	+	1267.703)
	=	0.05

Cleco (NYSE:CNL) 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.

Cleco Cash-to-Debt Related Terms

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Cleco (CNL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Cleco Corp (NYSE:CNL) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.cleco.com

Cleco Corp was incorporated on October 30, 1998, under the laws of the State of Louisiana. It is a public utility holding company that owns a vertically integrated electric utility, Cleco Power, which is engaged in the generation, transmission, distribution and sale of electricity primarily in Louisiana.

Executives

Scott Peter M Iii	director	P O BOX 1551, RALEIGH NC 27601
Shelley Jr Stewart	director	9 ROSZEL ROAD, PRINCETON NJ 08540
Vicky A Bailey	director	2099 PENNSYLVANIA AVNUE, NW, SUITE 1000, WASHINGTON DC 20006
William L Marks	director	PINEVILLE GENERAL OFFICE, 2030 DONAHUE FERRY RD PO BOX 5000, PINEVILLE LA 71361-5000
Logan W Kruger	director	C/O CENTURY ALUMINUM COMPANY, 2511 GARDEN ROAD, BUILDING A, SUITE 200, MONTEREY CA 93940
Bruce A Williamson	director, officer: President & CEO	C/O SOUTHCROSS ENERGY PARTNERS, L.P., 1717 MAIN STREET, SUITE 5200, DALLAS TX 75201
Thomas R Miller	officer: SVP - CFO & Treasurer	2030 DONAHUE FERRY ROAD, PINEVILLE LA 71360
Michael Madison	other: Former President & CEO	PO BOX 5000, PINEVILLE LA 71361-5000
Richard B Crowell	director	PINEVILLE GENERAL OFFICE, 2030 DONAHUE FERRY RD PO BOX 5000, PINEVILLE LA 71361-5000
Bear Stearns & Co Inc /ny/	10 percent owner	115 SOUTH JEFFERSON RD, WHIPPANY NJ 07981
Bear Stearns Companies Inc	10 percent owner	ONE METROTECH NORTH, 9TH FL., BROOKLYN NY 11201