SolarCity (SolarCity) Cash-to-Debt : 0.07 (As of Sep. 2016)

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What is SolarCity 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. SolarCity's cash to debt ratio for the quarter that ended in Sep. 2016 was 0.07.

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, SolarCity couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2016.

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

SCTY's Cash-to-Debt is not ranked ^*
in the Utilities - Independent Power Producers industry.
Industry Median: 0.225
* Ranked among companies with meaningful Cash-to-Debt only.

SolarCity Cash-to-Debt Historical Data

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

SolarCity Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Cash-to-Debt

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0.51

0.55

0.90

0.42

0.14

SolarCity Quarterly Data
	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16
Cash-to-Debt	Get a 7-Day Free Trial															0.17	0.14	0.11	0.04	0.07

Competitive Comparison of SolarCity's Cash-to-Debt

For the Utilities - Independent Power Producers subindustry, SolarCity'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.

SolarCity's Cash-to-Debt Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, SolarCity's Cash-to-Debt distribution charts can be found below:

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

SolarCity 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.

SolarCity's Cash to Debt Ratio for the fiscal year that ended in Dec. 2015 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)
	=	393.855	/	(414.908	+	2441.015)
	=	0.14

SolarCity's Cash to Debt Ratio for the quarter that ended in Sep. 2016 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)
	=	259.342	/	(544.191	+	2992.462)
	=	0.07

SolarCity (NAS:SCTY) 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.

SolarCity Cash-to-Debt Related Terms

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SolarCity (SolarCity) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » SolarCity Corp (NAS:SCTY) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.solarcity.com

SolarCity Corp was incorporated as a Delaware corporation on June 21, 2006. The Company is engaged in the design, manufacture, installation and sale or lease of solar energy systems to residential and commercial customers, or sale of electricity generated by solar energy systems to customers. Its customers include residential, commercial and government. The residential customers are individual homeowners who want to switch to cleaner, more affordable energy. Residential customers also include homeowners within communities developed by home builders the company is partnered with. The Commercial customers represent diverse business sectors, including technology, retail, manufacturing, agriculture and nonprofits, including customers such as Walmart, eBay, HP, Walgreens, Intel, and Safeway, Mexican businesses such as Tiendas Soriana, and thousands of other businesses across the United States, including SMBs. For government the company has installed solar energy systems for various federal, state and municipal government entities, including the U.S. Air Force, Army, Marines and Navy, the City of Lancaster, the City of San Jose, the City of Sacramento, the Department of Homeland Security and a number of schools and universities. The Company market and sell its products and services through a national sales organization that includes a direct outside sales force, a door-to-door sales force, call centers, a channel partner network and a robust customer referral program. It purchases components such as solar panels and inverters directly from multiple manufacturers. The Company's competitors include Vivint Solar Inc., Sunrun Inc., NRG Home Solar, Sungevity, Inc., Trinity Solar, Verengo, Inc., SunPower Corporation, SunEdison LLC, Borrego Solar Systems, Inc., G&S Solar Installers, Cenergy Power and numerous other companies. The Company's operations are subject to stringent and complex federal, state and local laws and regulations governing the occupational health and safety of its employees, wage regulations and environmental regulations.

Executives

Draper Associates L P	10 percent owner	55 EAST 3RD AVENUE, SAN MATEO CA 94401
Draper Associates Riskmasters Fund, Llc	10 percent owner	2882 SAND HILL ROAD, SUITE 150, MENLO PARK CA 94025
Antonio J. Gracias	director	C/O VALOR EQUITY PARTNERS, 200 SOUTH MICHIGAN AVENUE, SUITE 1020, CHICAGO IL 60604
Elon Musk	director, 10 percent owner	C/O TESLA MOTORS, INC., 3500 DEER CREEK ROAD, PALO ALTO CA 94304
Stephen T Jurvetson	10 percent owner	2882 SAND HILL ROAD, SUITE 150, MENLO PARK CA 94025
Jeffrey B Straubel	director	C/O TESLA MOTORS, INC., 3500 DEER CREEK ROAD, PALO ALTO CA 94304
Timothy C Draper	10 percent owner	55 EAST 3RD AVENUE, SAN MATEO CA 94401
Fisher John H N	director	2882 SAND HILL ROAD, SUITE 150, MENLO PARK CA 94025
Draper Fisher Jurvetion Partners Growth Fund 2006 Llc	10 percent owner	2882 SAND HILL RD SUITE 150, MENLO PARK CA 94025
Draper Fisher Jurvetson Fund Ix Lp	10 percent owner	PO Box 265GT Walker House Mary St, Georgetown Grand Cayman, Cayman Islands E9 00000
Draper Fisher Jurvetson Growth Fund 2006 Lp	10 percent owner	2882 SAND HILL RD STE 150, MENLO PARK CA 94025
Draper Fisher Jurvetson Partners Ix, Llc	10 percent owner	2882 SAND HILL ROAD, SUITE 150, MENLO PARK CA 94023
Kendall Donald R Jr	director	3055 CLEARVIEW WAY, SAN MATEO CA 94402
Brad W Buss	officer: Chief Financial Officer	198 CHAMPION COURT, SAN JOSE CA 95134
Van De Bunt Bennet	director	3340 OCEAN PARK BOULEVARD, 3RD FLOOR, SANTA MONICA CA 90405