GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » ITM Power PLC (LSE:ITM) » Definitions » Cash-to-Debt

ITM Power (LSE:ITM) Cash-to-Debt : 34.94 (As of Oct. 2023)


View and export this data going back to 2004. Start your Free Trial

What is ITM Power 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. ITM Power's cash to debt ratio for the quarter that ended in Oct. 2023 was 34.94.

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, ITM Power could pay off its debt using the cash in hand for the quarter that ended in Oct. 2023.

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

LSE:ITM' s Cash-to-Debt Range Over the Past 10 Years
Min: 4.01   Med: No Debt   Max: No Debt
Current: 34.94

During the past 13 years, ITM Power's highest Cash to Debt Ratio was No Debt. The lowest was 4.01. And the median was No Debt.

LSE:ITM's Cash-to-Debt is ranked better than
85.17% of 2926 companies
in the Industrial Products industry
Industry Median: 1.22 vs LSE:ITM: 34.94

ITM Power Cash-to-Debt Historical Data

The historical data trend for ITM Power'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.

* Premium members only.

ITM Power Cash-to-Debt Chart

ITM Power Annual Data
Trend Apr14 Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23
Cash-to-Debt
Get a 7-Day Free Trial Premium Member Only Premium Member Only No Debt 6.12 27.15 51.19 36.42

ITM Power Semi-Annual Data
Apr14 Oct14 Apr15 Oct15 Apr16 Oct16 Apr17 Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23
Cash-to-Debt Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 25.09 51.19 45.22 36.42 34.94

Competitive Comparison of ITM Power's Cash-to-Debt

For the Specialty Industrial Machinery subindustry, ITM Power'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.

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

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

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


ITM Power 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.

ITM Power's Cash to Debt Ratio for the fiscal year that ended in Apr. 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)
=284.371 / (0.943 + 6.866)
=36.42

ITM Power's Cash to Debt Ratio for the quarter that ended in Oct. 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)
=253.749 / (0.646 + 6.617)
=34.94

* 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.

ITM Power  (LSE:ITM) 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.

ITM Power Cash-to-Debt Related Terms

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

ITM Power (LSE:ITM) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » ITM Power PLC (LSE:ITM) » Definitions » Cash-to-Debt
Comparable Companies
LSE:CGS LSE:AVG LSE:GDWN LSE:RNO LSE:MPAC LSE:PHE LSE:CPH2 LSE:LIB LSE:EQT LSE:XSG XTER:SIE XPAR:SU ETN OSTO:ATCO A ITW PH XKRX:373220 EMR AME CMI
Traded in Other Exchanges
ITMPF:USA ITM.GB:UK IJ8:Germany
Address
2 Bessemer Park, Shepcote Lane, Sheffield, GBR, S9 1DZ
Website
https://www.itm-power.com
ITM Power PLC designs and manufactures integrated hydrogen energy systems for energy storage and clean fuel production. The company is also involved in the research and development of scientific and engineering projects; the development and manufacture of prototype products; and the sale of electrolyzer products such as HGas, HFuel, HPac. It offers a range of services including construction, consulting, and other services. Its primary geographic markets are the United Kingdom, the Rest of Europe, Germany, and with maximum revenue from the United Kingdom.