Tigo Energy (Tigo Energy) Cash-to-Debt : 0.91 (As of Dec. 2023)

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What is Tigo 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. Tigo Energy's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.91.

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

TYGO' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.66 Med: 0.91 Max: 1.65
Current: 0.91

During the past 3 years, Tigo Energy's highest Cash to Debt Ratio was 1.65. The lowest was 0.66. And the median was 0.91.

TYGO's Cash-to-Debt is ranked worse than
63.18% of 994 companies
in the Semiconductors industry
Industry Median: 1.765 vs TYGO: 0.91

Tigo Energy Cash-to-Debt Historical Data

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

Tigo Energy Annual Data

Trend

Dec21

Dec22

Dec23

Cash-to-Debt

0.66

1.65

0.91

Tigo Energy Quarterly Data
	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial			1.65	1.07	1.85	1.14	0.91

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

For the Solar subindustry, Tigo 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.

Tigo Energy's Cash-to-Debt Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Tigo Energy's Cash-to-Debt distribution charts can be found below:

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

Tigo 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.

Tigo 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)
	=	31.211	/	(1.192	+	32.962)
	=	0.91

Tigo 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)
	=	31.211	/	(1.192	+	32.962)
	=	0.91

Tigo Energy (NAS:TYGO) 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.

Tigo Energy Cash-to-Debt Related Terms

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Tigo Energy (Tigo Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Tigo Energy Inc (NAS:TYGO) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

655 Campbell Technology Parkway, Suite 150, Campbell, CA, USA, 95008

Website

https://www.tigoenergy.com

Tigo Energy Inc designs innovative solar power conversion and storage products that provide customers more choice and flexibility. Its mission is to deliver smart hardware and software solutions that enhance safety, increase energy yield, and lower operating costs of residential, commercial, and utility-scale solar systems.

Executives

Zvi Alon	director, officer: Chief Executive Officer	10725 NORTH DE ANZA BLVD, CUPERTINO CA 95014
Joan C Conley	director	3691 CHEVY CHASE LAKE DRIVE, CHEVY CHASE MD 20815
Energy Growth Momentum Gp Ii Ltd.	10 percent owner, other: See Remarks	1ST & 2ND FLOORS, ELIZABETH HOUSE, LES RUETTES BRAYES, ST PETER PORT Y7 GY1 1EW
Generation Im Climate Solutions Gp, Ltd.	10 percent owner	BOX 309, UGLAND HOUSE, GRAND CAYMAN E9 KY1-1104
Generation Im Climate Solutions Fund, L.p.	10 percent owner	BOX 309, UGLAND HOUSE, GRAND CAYMAN E9 KY1-1104
Jeffrey Stuart Sullivan	officer: Chief Operating Officer	655 CAMPBELL TECHNOLOGY PARKWAY, CAMPBELL CA 95008
John Andrew Wilson	director	655 CAMPBELL TECHNOLOGY PARKWAY, CAMPBELL CA 95008
Alon Ventures, Llc	10 percent owner	27673 LUPINE RD, LOS ALTOS HILLS CA 94022
Energy Growth Momentum Ii Lp	10 percent owner, other: See Remarks	1ST AND 2ND FLOORS, ELIZABETH HOUSE, LES RUETTES BRAYES, ST PETER PORT Y7 GY11EW
James Jd Dillon	officer: Chief Marketing Officer	655 CAMPBELL TECHNOLOGY PARKWAY, CAMPBELL CA 95008
Jing Tian	officer: Chief Growth Officer	655 CAMPBELL TECHNOLOGY PARKWAY, CAMPBELL CA 95008
Tomer Babai	director	655 CAMPBELL TECHNOLOGY PARKWAY, SUITE 150, CAMPBELL CA 95008
Matthew Day	officer: Co-Chief Operating Officer	888 SAN CLEMENTE DRIVE SUITE 400, NEWPORT BEACH CA 92660
Andrew Costa	officer: Co-Chief Operating Officer	888 SAN CLEMENTE DRIVE SUITE 400, NEWPORT BEACH CA 92660
Chlm Sponsor Llc	10 percent owner	222 SOUTH 9TH STREET SUITE 350, MINNEAPOLIS MN 55402