NeoVolta (NeoVolta) Cash-to-Debt : No Debt ⁽¹⁾ (As of Mar. 2024)

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What is NeoVolta 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. NeoVolta's cash to debt ratio for the quarter that ended in Mar. 2024 was No Debt ⁽¹⁾.

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, NeoVolta could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

(1) 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.

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

NEOV' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.29 Med: No Debt Max: No Debt
Current: No Debt

During the past 3 years, NeoVolta's highest Cash to Debt Ratio was No Debt. The lowest was 0.29. And the median was No Debt.

NEOV's Cash-to-Debt is ranked better than
99.83% of 2926 companies
in the Industrial Products industry
Industry Median: 1.23 vs NEOV: No Debt

NeoVolta Cash-to-Debt Historical Data

The historical data trend for NeoVolta'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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NeoVolta Cash-to-Debt Chart

NeoVolta Annual Data

Trend

Jun21

Jun22

Jun23

Cash-to-Debt

22.42

0.29

No Debt

NeoVolta Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial							No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of NeoVolta's Cash-to-Debt

For the Electrical Equipment & Parts subindustry, NeoVolta'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.

NeoVolta's Cash-to-Debt Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, NeoVolta's Cash-to-Debt distribution charts can be found below:

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

NeoVolta 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.

NeoVolta's Cash to Debt Ratio for the fiscal year that ended in Jun. 2023 is calculated as:

NeoVolta had no debt ⁽¹⁾.

NeoVolta's Cash to Debt Ratio for the quarter that ended in Mar. 2024 is calculated as:

NeoVolta had no debt ⁽¹⁾.

NeoVolta (NAS:NEOV) 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.

NeoVolta Cash-to-Debt Related Terms

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

NeoVolta (NeoVolta) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » NeoVolta Inc (NAS:NEOV) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

13651 Danielson Street, Suite A, Poway, CA, USA, 92064

Website

https://www.neovolta.com

NeoVolta Inc is engaged in designing, manufacturing and sale of high end Energy Storage System which can store and use solar energy via batteries and an inverter at a residential site. Its market place includes solar industry, installers, new construction homebuilders, home remodelers, and homeowners.

Executives

Steve Bond	director, officer: Chief Financial Officer	28839 PUJOL ST., #832, TEMECULA CA 92590
Brent Willson	director	5271 CAMINITO EXQUISITO, SAN DIEGO CA 92130
Susan H Snow	director	26 SEDGE FERN DRIVE, HILTON HEAD SC 29926
John A Hass	director	C/O NEOVOLTA, INC., 13651 DANIELSON STREET, SUITE A, POWAY CA 92064
James F Amos	director	C/O NEOVOLTA, INC., 13651 DANIELSON STREET, SUITE A, POWAY CA 92064