Hillcrest Energy Technologies (XCNQ:HEAT) Cash-to-Debt : 0.28 (As of Dec. 2023)

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What is Hillcrest Energy Technologies 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. Hillcrest Energy Technologies's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.28.

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, Hillcrest Energy Technologies 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 Hillcrest Energy Technologies's Cash-to-Debt or its related term are showing as below:

XCNQ:HEAT' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.28 Max: 20.59
Current: 0.28

During the past 13 years, Hillcrest Energy Technologies's highest Cash to Debt Ratio was 20.59. The lowest was 0.01. And the median was 0.28.

XCNQ:HEAT's Cash-to-Debt is ranked worse than
84.28% of 2475 companies
in the Hardware industry
Industry Median: 1.34 vs XCNQ:HEAT: 0.28

Hillcrest Energy Technologies Cash-to-Debt Historical Data

The historical data trend for Hillcrest Energy Technologies'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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Hillcrest Energy Technologies Cash-to-Debt Chart

Hillcrest Energy Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.03

1.92

20.59

4.11

0.28

Hillcrest Energy Technologies Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															6.86	4.11	0.67	3.68	0.28

Competitive Comparison of Hillcrest Energy Technologies's Cash-to-Debt

For the Electronic Components subindustry, Hillcrest Energy Technologies'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.

Hillcrest Energy Technologies's Cash-to-Debt Distribution in the Hardware Industry

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

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

Hillcrest Energy Technologies 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.

Hillcrest Energy Technologies'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)
	=	0.074	/	(0.065	+	0.197)
	=	0.28

Hillcrest Energy Technologies'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)
	=	0.074	/	(0.065	+	0.197)
	=	0.28

Hillcrest Energy Technologies (XCNQ:HEAT) 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.

Hillcrest Energy Technologies Cash-to-Debt Related Terms

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Hillcrest Energy Technologies (XCNQ:HEAT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Hillcrest Energy Technologies Ltd (XCNQ:HEAT) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

HLRTF:USA 7HI:Germany 7HI:Germany

Address

1030 West Georgia Street, Suite 1910, Vancouver, BC, CAN, V6E 2Y3

Website

https://www.hillcrestenergy.tech

Hillcrest Energy Technologies Ltd is a clean technology company focused on providing advanced power conversion technologies and digital control systems for next-generation powertrains and grid-connected renewable energy systems. From concept to commercialization, Hillcrest is investing in the development of energy solutions that will power a more sustainable and electrified future.

Executives

Donald James Currie

Director, Senior Officer