Greenvolt - Energias Renovaveis (XLIS:GVOLT) Cash-to-Debt : 0.34 (As of Dec. 2023)

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What is Greenvolt - Energias Renovaveis 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. Greenvolt - Energias Renovaveis's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.34.

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, Greenvolt - Energias Renovaveis 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 Greenvolt - Energias Renovaveis's Cash-to-Debt or its related term are showing as below:

XLIS:GVOLT' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.06 Med: 0.25 Max: 0.51
Current: 0.34

During the past 6 years, Greenvolt - Energias Renovaveis's highest Cash to Debt Ratio was 0.51. The lowest was 0.06. And the median was 0.25.

XLIS:GVOLT's Cash-to-Debt is ranked better than
60.19% of 427 companies
in the Utilities - Independent Power Producers industry
Industry Median: 0.23 vs XLIS:GVOLT: 0.34

Greenvolt - Energias Renovaveis Cash-to-Debt Historical Data

The historical data trend for Greenvolt - Energias Renovaveis'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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Greenvolt - Energias Renovaveis Cash-to-Debt Chart

Greenvolt - Energias Renovaveis Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.12

0.15

0.51

0.46

0.34

Greenvolt - Energias Renovaveis Quarterly Data
	Dec18	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial											0.46	0.49	0.37	0.41	0.34

Competitive Comparison of Greenvolt - Energias Renovaveis's Cash-to-Debt

For the Utilities - Renewable subindustry, Greenvolt - Energias Renovaveis'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.

Greenvolt - Energias Renovaveis's Cash-to-Debt Distribution in the Utilities - Independent Power Producers Industry

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

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

Greenvolt - Energias Renovaveis 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.

Greenvolt - Energias Renovaveis'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)
	=	463.517	/	(343.366	+	1007.572)
	=	0.34

Greenvolt - Energias Renovaveis'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)
	=	463.517	/	(343.366	+	1007.572)
	=	0.34

Greenvolt - Energias Renovaveis (XLIS:GVOLT) 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.

Greenvolt - Energias Renovaveis Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Greenvolt - Energias Renovaveis's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Greenvolt - Energias Renovaveis (XLIS:GVOLT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Greenvolt - Energias Renovaveis SA (XLIS:GVOLT) » Definitions » Cash-to-Debt

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000:Germany

Address

Rua Manuel Pinto de Azevedo 818, Porto, PRT, PT-4100-320

Website

https://www.greenvolt.pt

Greenvolt - Energias Renovaveis SA is specialized in the production of electricity from renewable energy sources. It has three operating segments. Biomass & Structure has five energy production plants through forest biomass in Portugal, the costs of the corporate structure of Greenvolt, and the plant in Tilbury. The development of Solar & wind energy includes the activities of development, construction, & exploration of photovoltaic & wind energy, with the subsidiaries Greenvolt Power & Sustainable Energy One being the main contributors to the segment. Distributed generation includes the contributions from subsidiaries Greenvolt Next Portugal, Greenvolt Next Portugal II Invest, Perfecta Energía, Greenvolt Comunidades, & Univergy. The key revenue is from the biomass & structure segment.

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