CPFL Energia (BSP:CPFE3) Cash-to-Debt : 0.20 (As of Dec. 2023)

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What is CPFL Energia 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. CPFL Energia's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.20.

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

BSP:CPFE3' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.16 Med: 0.21 Max: 0.34
Current: 0.2

During the past 13 years, CPFL Energia's highest Cash to Debt Ratio was 0.34. The lowest was 0.16. And the median was 0.21.

BSP:CPFE3's Cash-to-Debt is ranked worse than
57.84% of 491 companies
in the Utilities - Regulated industry
Industry Median: 0.26 vs BSP:CPFE3: 0.20

CPFL Energia Cash-to-Debt Historical Data

The historical data trend for CPFL Energia'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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CPFL Energia Cash-to-Debt Chart

CPFL Energia Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.21

0.30

0.21

0.17

0.20

CPFL Energia Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															0.17	0.20	0.19	0.21	0.20

Competitive Comparison of CPFL Energia's Cash-to-Debt

For the Utilities - Regulated Electric subindustry, CPFL Energia'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.

CPFL Energia's Cash-to-Debt Distribution in the Utilities - Regulated Industry

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

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

CPFL Energia 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.

CPFL Energia'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)
	=	5825.69	/	(7652.663	+	21924.552)
	=	0.20

CPFL Energia'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)
	=	5825.69	/	(7652.663	+	21924.552)
	=	0.20

CPFL Energia (BSP:CPFE3) 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.

CPFL Energia Cash-to-Debt Related Terms

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

CPFL Energia (BSP:CPFE3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » CPFL Energia SA (BSP:CPFE3) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Rua Jorge Figueiredo Corrêa, No 1.632, Jardim Professora Tarcília, Campinas, Sao Paulo, SP, BRA, 13087-397

Website

https://www.cpfl.com.br

CPFL Energia SA is the holding company of the CPFL Group, operating in Brazil's electricity sector, implementing and operating projects and concessions in the energy distribution, generation, transmission, and trading segments and related activities through its subsidiaries and affiliate companies. The Group's operating segments are electric energy distribution, electric energy generation, electric energy commercialization, and services rendered activities. It derives a majority of its revenue from the distribution segment.

CPFL Energia (BSP:CPFE3) Headlines

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