Zeo Energy (Zeo Energy) Cash-to-Debt : 1.43 (As of Sep. 2023)

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What is Zeo 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. Zeo Energy's cash to debt ratio for the quarter that ended in Sep. 2023 was 1.43.

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, Zeo Energy could pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

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

ZEO' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.61 Med: 1.08 Max: 2.7
Current: 2.7

During the past 3 years, Zeo Energy's highest Cash to Debt Ratio was 2.70. The lowest was 0.61. And the median was 1.08.

ZEO's Cash-to-Debt is ranked better than
57.2% of 993 companies
in the Semiconductors industry
Industry Median: 1.81 vs ZEO: 2.70

Zeo Energy Cash-to-Debt Historical Data

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

Zeo Energy Annual Data

Trend

Dec21

Dec22

Dec23

Cash-to-Debt

0.61

1.08

2.70

Zeo Energy Quarterly Data
	Dec21	Sep22	Dec22	Sep23	Dec23
Cash-to-Debt	0.61	N/A	1.08	1.43	2.70

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

For the Solar subindustry, Zeo 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.

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

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

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

Zeo 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.

Zeo 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)
	=	8.022	/	(0.944	+	2.026)
	=	2.70

Zeo Energy's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	4.346	/	(0.993	+	2.052)
	=	1.43

Zeo Energy (NAS:ZEO) 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.

Zeo Energy Cash-to-Debt Related Terms

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Zeo Energy (Zeo Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Zeo Energy Corp (NAS:ZEO) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

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Address

7625 little Road, Suite 200A, New Port Richley, FL, USA, 34654

Website

Zeo Energy Corp is a vertically integrated provider of residential solar energy systems, other energy efficient equipment and related services currently serving customers in Florida, Texas, Arkansas and Missouri.