AES Tiete Energia (AES Tiete Energia) Cash-to-Debt : 0.38 (As of Dec. 2020)

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What is AES Tiete Energia 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. AES Tiete Energia's cash to debt ratio for the quarter that ended in Dec. 2020 was 0.38.

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, AES Tiete Energia couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2020.

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

AESAY's Cash-to-Debt is not ranked ^*
in the Utilities - Independent Power Producers industry.
Industry Median: 0.22
* Ranked among companies with meaningful Cash-to-Debt only.

AES Tiete Energia Cash-to-Debt Historical Data

The historical data trend for AES Tiete Energia'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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AES Tiete Energia Cash-to-Debt Chart

AES Tiete Energia Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Cash-to-Debt

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0.40

0.34

0.25

0.32

0.38

AES Tiete Energia Quarterly Data
	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20
Cash-to-Debt	Get a 7-Day Free Trial															0.32	0.32	0.43	0.41	0.38

Competitive Comparison of AES Tiete Energia's Cash-to-Debt

For the Utilities - Renewable subindustry, AES Tiete Energia'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.

AES Tiete Energia's Cash-to-Debt Distribution in the Utilities - Independent Power Producers Industry

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

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

AES Tiete Energia 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.

AES Tiete Energia's Cash to Debt Ratio for the fiscal year that ended in Dec. 2020 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)
	=	393.785	/	(124.066	+	915.274)
	=	0.38

AES Tiete Energia's Cash to Debt Ratio for the quarter that ended in Dec. 2020 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)
	=	393.785	/	(124.066	+	915.274)
	=	0.38

AES Tiete Energia (OTCPK:AESAY) 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.

AES Tiete Energia Cash-to-Debt Related Terms

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AES Tiete Energia (AES Tiete Energia) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » AES Tiete Energia SA (OTCPK:AESAY) » Definitions » Cash-to-Debt

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Traded in Other Exchanges

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Address

Avenida das Nacoes Unidas, 12.495, 12th Floor, Condominio Centro Empresarial Berrini, Brooklin Paulista, Barueri, SP, BRA, 6460040

Website

https://www.aestiete.com.br

AES Tiete Energia SAis a Brazil-based company engaged in the renewable utility sector. It operates as concessionaire for the use of public assets to generate and trade electric power as Independent Electric Energy Producer. The business activities of generating power are carried out through hydroelectric, wind and solar power plants. The group derives most of the revenue from electricity sales with all operations and sales in Brazil.

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