Renu Energy (FRA:GD2) Cash-to-Debt : 7.59 (As of Dec. 2023)

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What is Renu 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. Renu Energy's cash to debt ratio for the quarter that ended in Dec. 2023 was 7.59.

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

FRA:GD2' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.99 Med: 98.43 Max: No Debt
Current: 7.61

During the past 13 years, Renu Energy's highest Cash to Debt Ratio was No Debt. The lowest was 0.99. And the median was 98.43.

FRA:GD2's Cash-to-Debt is ranked better than
88.6% of 430 companies
in the Utilities - Independent Power Producers industry
Industry Median: 0.225 vs FRA:GD2: 7.61

Renu Energy Cash-to-Debt Historical Data

The historical data trend for Renu 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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Renu Energy Cash-to-Debt Chart

Renu Energy Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

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0.99

88.29

20.34

103.15

20.25

Renu Energy 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															64.42	103.15	59.22	20.25	7.59

Competitive Comparison of Renu Energy's Cash-to-Debt

For the Utilities - Renewable subindustry, Renu 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.

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

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

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

Renu 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.

Renu Energy's Cash to Debt Ratio for the fiscal year that ended in Jun. 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)
	=	0.81	/	(0.04	+	0)
	=	20.25

Renu 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)
	=	1.191	/	(0.034	+	0.123)
	=	7.59

Renu Energy (FRA:GD2) 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.

Renu Energy Cash-to-Debt Related Terms

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Renu Energy (FRA:GD2) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Renu Energy Ltd (FRA:GD2) » Definitions » Cash-to-Debt

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GDYMF:USA RNE:Australia

Address

52 McDougall Street, P.O. Box 2046, Level 2, Corporate House, Kings Row 1, Milton, QLD, AUS, 4064

Website

https://www.renuenergy.com.au

Renu Energy Ltd delivers clean energy products and services. It builds, owns, operates, and maintains renewable energy assets so its customers can access renewable energy, at a lower price, with no upfront cost. The company operates in two segments namely Hydrogen and Renewable and Clean Energy Investments. It derives majority of its revenue from Renewable and Clean Energy Investment Segment.

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