Electriq Power Holdings (Electriq Power Holdings) Cash-to-Debt : 11.28 (As of Sep. 2023)

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What is Electriq Power 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. Electriq Power Holdings's cash to debt ratio for the quarter that ended in Sep. 2023 was 11.28.

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, Electriq Power Holdings could pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

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

ELIQQ' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: 0.23 Max: 11.28
Current: 11.28

During the past 2 years, Electriq Power Holdings's highest Cash to Debt Ratio was 11.28. The lowest was 0.02. And the median was 0.23.

ELIQQ's Cash-to-Debt is ranked better than
90.87% of 427 companies
in the Utilities - Independent Power Producers industry
Industry Median: 0.23 vs ELIQQ: 11.28

Electriq Power Holdings Cash-to-Debt Historical Data

The historical data trend for Electriq Power 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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Electriq Power Holdings Cash-to-Debt Chart

Electriq Power Holdings Annual Data

Trend

Dec21

Dec22

Cash-to-Debt

0.39

0.08

Electriq Power Holdings Quarterly Data
	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial			N/A	N/A	0.08	0.02	11.28

Competitive Comparison of Electriq Power Holdings's Cash-to-Debt

For the Utilities - Renewable subindustry, Electriq Power 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.

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

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

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

Electriq Power 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.

Electriq Power Holdings'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)
	=	5.481	/	(63.324	+	5)
	=	0.08

Electriq Power Holdings's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	8.1	/	(0.718	+	0)
	=	11.28

Electriq Power Holdings (OTCPK:ELIQQ) 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.

Electriq Power Holdings Cash-to-Debt Related Terms

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Electriq Power Holdings (Electriq Power Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Electriq Power Holdings Inc (OTCPK:ELIQQ) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

625 North Flagler Drive, Suite 1003, West Palm Beach, FL, USA, 33401

Website

https://www.electriqpower.com

Electriq Power Holdings Inc is an energy storage company developing fully integrated energy management and storage solutions for homes and small businesses. The company solutions deliver always-available, low-cost clean energy, even during intermittent outages and inclement weather. Those solutions enable cities, municipalities and utilities to provide their constituents with a path to sustainable and resilient sources of energy, regardless of socio-economic status.

Executives

Petrina Thomson	officer: Chief Financial Officer	625 N. FLAGLER DRIVE, SUITE 1003, WEST PALM BEACH FL 33401
Jan Klube	officer: Chief Technology Officer	625 N. FLAGLER DRIVE, SUITE 1003, WEST PALM BEACH FL 33401
Carol L Coughlin	director	C/O HAMILTON BANCORP, INC., 501 FAIRMOUNT AVENUE, SUITE 200, TOWSON MD 21286
Jennifer Elaine Lowry	director	2 HOLLINS AVE, BALTIMORE MD 21210
Neha Palmer	director	1021 MAIN ST., SUITE #1960, HOUSTON TX 77002
Gbif Management Ltd.	director, 10 percent owner	2345 YONGE STREET, SUITE 804, TORONTO A6 M4P 2E5
Hoof James Van Jr	officer: See Remarks	625 N. FLAGLER DRIVE SUITE 1003, WEST PALM BEACH FL 33401
Gideon Soesman	director	625 N. FLAGLER DRIVE SUITE 1003, WEST PALM BEACH FL 33401
Frank A Magnotti	director, officer: Chief Executive Officer	C/O COMVERGE, INC., 120 EAGLE ROCK AVENUE, SUITE 190, EAST HANOVER NJ 07936
Kristina A. Peterson	director	C/O BLINK CHARGING CO., 605 LINCOLN ROAD, 5TH FLOOR, MIAMI BEACH FL 33139
John M Lawrie	director, 10 percent owner, officer: See Remarks	DXC TECHNOLOGY COMPANY, 1775 TYSONS BOULEVARD, TYSONS VA 22102
Zainabu Oke	director	8300 GOLF LINKS ROAD, OAKLAND CA 94605
Edward Ho	director	1775 TYSONS BOULEVARD, TYSONS VA 22102
Tlg Acquisition Founder Llc	10 percent owner	515 NORTH FLAGLER DRIVE, SUITE 520, WEST PALM BEACH FL 33401
Kristin Muhlner	director	3877 FAIRFAX RIDGE ROAD, SOUTH TOWER, FAIRFAX VA 22030