XNGSY (ENN Energy Holdings) Cash-to-Debt : 0.39 (As of Jun. 2024)

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What is ENN Energy 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. ENN Energy Holdings's cash to debt ratio for the quarter that ended in Jun. 2024 was 0.39.

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, ENN Energy Holdings couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2024.

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

XNGSY' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.37 Med: 0.43 Max: 0.72
Current: 0.39

During the past 13 years, ENN Energy Holdings's highest Cash to Debt Ratio was 0.72. The lowest was 0.37. And the median was 0.43.

XNGSY's Cash-to-Debt is ranked better than
60.49% of 486 companies
in the Utilities - Regulated industry
Industry Median: 0.24 vs XNGSY: 0.39

ENN Energy Holdings Cash-to-Debt Historical Data

The historical data trend for ENN Energy 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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ENN Energy Holdings Cash-to-Debt Chart

ENN Energy Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

0.38

0.43

0.44

0.40

0.43

ENN Energy Holdings Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Cash-to-Debt	Get a 7-Day Free Trial															0.54	0.40	0.49	0.43	0.39

Competitive Comparison of ENN Energy Holdings's Cash-to-Debt

For the Utilities - Regulated Gas subindustry, ENN Energy 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.

ENN Energy Holdings's Cash-to-Debt Distribution in the Utilities - Regulated Industry

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

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

ENN Energy 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.

ENN Energy Holdings'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)
	=	1370.97	/	(1251.646	+	1931.178)
	=	0.43

ENN Energy Holdings's Cash to Debt Ratio for the quarter that ended in Jun. 2024 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)
	=	1112.52	/	(791.625	+	2049.292)
	=	0.39

ENN Energy Holdings (OTCPK:XNGSY) 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.

ENN Energy Holdings Cash-to-Debt Related Terms

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

ENN Energy Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » ENN Energy Holdings Ltd (OTCPK:XNGSY) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

XNGSF:USA 02688:Hong Kong XGH:Germany

Address

Xinyuan DongDao Road, Building A, ENN Industrial Park, Economic and Technological Development Zone, Hebei Province, Langfang, CHN, 065001

Website

https://www.ennenergy.com

ENN Energy Holdings is primarily engaged in distributing and retailing natural gas. By year-end 2023, ENN owned 259 city gas projects in China, with annual gas sales volume of 33.6 billion cubic meters. Meanwhile, the aggregate number of connected piped gas residential households reached 29.8 million, with an average gas penetration rate of 65.2%. ENN Energy also has ventured into integrated energy business with 296 projects in operation.