Cia Paranaense De Energia Copel (Cia Paranaense De Energia Copel) Cash-to-Debt : 0.37 (As of Dec. 2023)

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What is Cia Paranaense De Energia Copel 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. Cia Paranaense De Energia Copel's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.37.

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, Cia Paranaense De Energia Copel 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 Cia Paranaense De Energia Copel's Cash-to-Debt or its related term are showing as below:

ELP' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.12 Med: 0.29 Max: 0.37
Current: 0.37

During the past 13 years, Cia Paranaense De Energia Copel's highest Cash to Debt Ratio was 0.37. The lowest was 0.12. And the median was 0.29.

ELP's Cash-to-Debt is ranked better than
60.69% of 491 companies
in the Utilities - Regulated industry
Industry Median: 0.26 vs ELP: 0.37

Cia Paranaense De Energia Copel Cash-to-Debt Historical Data

The historical data trend for Cia Paranaense De Energia Copel'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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Cia Paranaense De Energia Copel Cash-to-Debt Chart

Cia Paranaense De Energia Copel Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.28

0.34

0.32

0.23

0.37

Cia Paranaense De Energia Copel 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															0.23	0.22	0.27	0.36	0.37

Competitive Comparison of Cia Paranaense De Energia Copel's Cash-to-Debt

For the Utilities - Diversified subindustry, Cia Paranaense De Energia Copel'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.

Cia Paranaense De Energia Copel's Cash-to-Debt Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Cia Paranaense De Energia Copel's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Cia Paranaense De Energia Copel's Cash-to-Debt falls into.

Cia Paranaense De Energia Copel 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.

Cia Paranaense De Energia Copel'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)
	=	1154.1	/	(398.255	+	2710.599)
	=	0.37

Cia Paranaense De Energia Copel'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)
	=	1154.1	/	(398.255	+	2710.599)
	=	0.37

Cia Paranaense De Energia Copel (NYSE:ELP) 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.

Cia Paranaense De Energia Copel Cash-to-Debt Related Terms

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Cia Paranaense De Energia Copel (Cia Paranaense De Energia Copel) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Cia Paranaense De Energia Copel (NYSE:ELP) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

ELPC:USA XCOP:Spain ELPA:Germany CPLE6:Brazil CPLE5:Brazil CPLE3:Brazil

Address

Rua Jose Izidoro Biazetto, 158, Bloco A, Mossungue, Curitiba, PR, BRA, 81200-240

Website

https://www.copel.com

Cia Paranaense De Energia Copel is primarily involved in the production of power in the Brazilian state of Parana. Specifically, the company's operating segments include power generation and transmission, gas, power distribution, power sale, and Holding and Services. Most of the company's revenue is derived from the sale of electricity. It generates electricity through renewable energy sources such as hydroelectric, wind plants, and thermoelectric plants. The company was designed to allow Parana to manage the distribution of power and related services, so the state is a major shareholder.