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Capex-to-Operating-Cash-Flow assesses how much of a company’s cash flow from operations is being devoted to capital expenditure. It’s also useful to distinguish whether the company is capital intensive or not.
Covanta Holding's Capital Expenditure for the three months ended in Sep. 2021 was $-25.00 Mil. Its Cash Flow from Operations for the three months ended in Sep. 2021 was $90.00 Mil.
Hence, Covanta Holding's Capex-to-Operating-Cash-Flow for the three months ended in Sep. 2021 was 0.28.
The historical data trend for Covanta Holding's Capex-to-Operating-Cash-Flow 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.
Covanta Holding Annual Data | |||||||||||||||||||||
Trend | Dec11 | Dec12 | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | |||||||||||
Capex-to-Operating-Cash-Flow | Get a 7-Day Free Trial | 1.36 | 1.15 | 0.87 | 0.70 | 0.64 |
Covanta Holding Quarterly Data | ||||||||||||||||||||
Dec16 | Mar17 | Jun17 | Sep17 | Dec17 | Mar18 | Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | |
Capex-to-Operating-Cash-Flow | Get a 7-Day Free Trial | 1.06 | 0.71 | 0.83 | 0.39 | 0.28 |
For the Waste Management subindustry, Covanta Holding's Capex-to-Operating-Cash-Flow, along with its competitors' market caps and Capex-to-Operating-Cash-Flow 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.
For the Waste Management industry and Industrials sector, Covanta Holding's Capex-to-Operating-Cash-Flow distribution charts can be found below:
* The bar in red indicates where Covanta Holding's Capex-to-Operating-Cash-Flow falls into.
Covanta Holding's Capex-to-Operating-Cash-Flow for the fiscal year that ended in Dec. 2020 is calculated as
Capex-to-Operating-Cash-Flow | = | - Capital Expenditure | / | Cash Flow from Operations |
= | - (-162) | / | 254 | |
= | 0.64 |
Covanta Holding's Capex-to-Operating-Cash-Flow for the quarter that ended in Sep. 2021 is calculated as
Capex-to-Operating-Cash-Flow | = | - Capital Expenditure | / | Cash Flow from Operations |
= | - (-25) | / | 90 | |
= | 0.28 |
* 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.
Covanta Holding (NYSE:CVA) Capex-to-Operating-Cash-Flow Explanation
Capex-to-Operating-Cash-Flow ratio assesses how much of a company’s Cash Flow from Operations is being devoted to Capital Expenditure. It is a good indicator in terms of how much the company is focused on growth. In general, a high Capex-to-Operating-Cash-Flow ratio indicates that the company is investing more in physical assets and is focused on growth and expansion. Conversely, lower ratio could indicate that a company has reached maturity and is no longer pursuing aggressive growth.
Moreover, the ratio is also useful to distinguish whether the company is capital intensive or not. If the ratio is large, then the company tends to be capital intensive. Lower ratio suggests that it’s a capital-light business. The ratio can be combined with ROIC % to identify whether the company is an asset-light business that has a high return on invested capital. This is one question investors commonly ask to see if a company qualifies as a good company.
Thank you for viewing the detailed overview of Covanta Holding's Capex-to-Operating-Cash-Flow provided by GuruFocus.com. Please click on the following links to see related term pages.
Paul E. Stauder | officer: President, Covanta Envir. Sol. | 445 SOUTH STREET MORRISTOWN NJ 07960 |
Thomas L Kenyon | officer: Exec. VP, Gen'l Counsel & Sec. | 445 SOUTH STREET MORRISTOWN NJ 07960 |
Ronald J Broglio | director | 1417 HIGH ROAD VANDIVER AL 35176 |
Schantz Joseph J Ii | officer: Chief Accounting Officer | 445 SOUTH STREET MORRISTOWN NJ 07960 |
Robert S Silberman | director | C/O STRAYER EDUCATION INC, 2303 DULLES STATION BOULEVARD, HERNDON VA 20171 |
Linda J. Fisher | director | WILMINGTION OFFICE BUILDINGS 1007 MARKET STREET, D-6074 WILMINGTON DE 19898 |
De Castro Michael Joseph | officer: EVP Supply Chain | 445 SOUTH STREET MORRISTOWN NJ 07960 |
Timothy Simpson | officer: Exec. VP, Gen'l Counsel & Sec. | 40 LANE ROAD FAIRFIELD NJ 07004 |
Matthew Mulcahy | officer: SVP & Head of Corp Development | 445 SOUTH STREET MORRISTOWN NJ 07960 |
Owen Michaelson | director | 3 BRADFIELD WAY WAVERLEY ROTHERHAM X0 S60 5WE |
Virginia D. Angilello | officer: SVP & CHRO | 445 SOUTH STREET COVANTA MORRISTOWN NJ 07960 |
Stephen J Jones | officer: President and CEO | 7201 HAMILTON BOULEVARD, ALLENTOWN PA 18195-1501 |
Danielle Pletka | director | 1789 MASSACHUSETTS AVENUE, NW WASHINGTON, DC DC 20036 |
Michael W Ranger | director | C/O TXU CORP, 1601 BRYAN ST, DALLAS TX 75201 |
Manpreet Grewal | officer: VP & Chief Accounting Officer | 600 GRANT STREET, PITTSBURGH PA 15219 |
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