Ballard Power Systems (Ballard Power Systems) Cash-to-Debt : 42.09 (As of Dec. 2023)

View and export this data going back to 1999. Start your Free Trial

What is Ballard Power Systems 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. Ballard Power Systems's cash to debt ratio for the quarter that ended in Dec. 2023 was 42.09.

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, Ballard Power Systems could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

BLDP' s Cash-to-Debt Range Over the Past 10 Years
Min: 2.2 Med: 21.71 Max: 65.82
Current: 42.09

During the past 13 years, Ballard Power Systems's highest Cash to Debt Ratio was 65.82. The lowest was 2.20. And the median was 21.71.

BLDP's Cash-to-Debt is ranked better than
86.3% of 3000 companies
in the Industrial Products industry
Industry Median: 1.22 vs BLDP: 42.09

Ballard Power Systems Cash-to-Debt Historical Data

The historical data trend for Ballard Power Systems'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.

Ballard Power Systems Cash-to-Debt Chart

Ballard Power Systems Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

7.48

42.83

65.82

58.21

42.09

Ballard Power Systems 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															58.21	58.21	58.16	42.64	42.09

Competitive Comparison of Ballard Power Systems's Cash-to-Debt

For the Specialty Industrial Machinery subindustry, Ballard Power Systems'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.

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

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

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

Ballard Power Systems 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.

Ballard Power Systems'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)
	=	753.243	/	(4.505	+	13.393)
	=	42.09

Ballard Power Systems'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)
	=	753.243	/	(4.505	+	13.393)
	=	42.09

Ballard Power Systems (NAS:BLDP) 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.

Ballard Power Systems Cash-to-Debt Related Terms

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

Ballard Power Systems (Ballard Power Systems) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Ballard Power Systems Inc (NAS:BLDP) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

0QY5:UK PO0:Germany BLDP:Canada

Address

9000 Glenlyon Parkway, Burnaby, BC, CAN, V5J 5J8

Website

https://www.ballard.com

Ballard Power Systems is a world leader in proton-exchange membrane fuel cells, power system development, and commercialization. The company's principal business is the design, development, manufacture, sale, and service of PEM fuel cell products for a variety of applications, focusing on power product markets of heavy-duty motive (bus, truck, rail, and marine applications), material handling, and stationary power generation. Sales are concentrated in the U.S., Europe, and China.