Technip Energies NV (XPAR:TE) Cash-to-Debt : 3.39 (As of Dec. 2023)

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What is Technip Energies NV 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. Technip Energies NV's cash to debt ratio for the quarter that ended in Dec. 2023 was 3.39.

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, Technip Energies NV 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 Technip Energies NV's Cash-to-Debt or its related term are showing as below:

XPAR:TE' s Cash-to-Debt Range Over the Past 10 Years
Min: 3.39 Med: 4.11 Max: 5.83
Current: 3.39

During the past 7 years, Technip Energies NV's highest Cash to Debt Ratio was 5.83. The lowest was 3.39. And the median was 4.11.

XPAR:TE's Cash-to-Debt is ranked better than
72.64% of 1027 companies
in the Oil & Gas industry
Industry Median: 0.49 vs XPAR:TE: 3.39

Technip Energies NV Cash-to-Debt Historical Data

The historical data trend for Technip Energies NV'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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Technip Energies NV Cash-to-Debt Chart

Technip Energies NV Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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4.11

4.93

3.68

3.53

3.39

Technip Energies NV Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial							3.68	3.72	3.53	3.24	3.39

Competitive Comparison of Technip Energies NV's Cash-to-Debt

For the Oil & Gas Equipment & Services subindustry, Technip Energies NV'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.

Technip Energies NV's Cash-to-Debt Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Technip Energies NV's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Technip Energies NV's Cash-to-Debt falls into.

Technip Energies NV 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.

Technip Energies NV'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)
	=	3371	/	(195.7	+	797.7)
	=	3.39

Technip Energies NV'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)
	=	3371	/	(195.7	+	797.7)
	=	3.39

Technip Energies NV (XPAR:TE) 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.

Technip Energies NV Cash-to-Debt Related Terms

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Technip Energies NV (XPAR:TE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Technip Energies NV (XPAR:TE) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

THNPY:USA THNPF:USA TEp:UK 68F:Germany

Address

2126 boulevard de la Defense, CS 10266, Nanterre, Cedex, FRA, 92741

Website

https://www.technipenergies.com

Technip Energies NV is an engineering and technology company specialized in providing projects, technologies, products and services on energy infrastructure both onshore and offshore. Substantial revenue is derived from the Project Delivery segment.