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SPCG PCLBKK:SPCG-R 63 Cash-to-Debt is 23.71 as of Mar. 2026, which is 3919% above its 10-year median of 0.59. GuruFocus rates BKK:SPCG-R with a GF Score™ of 63/100 and a GF Value™ of ฿6.01. The stock has 8 warning signs investors should review. Among 444 Utilities - Independent Power Producers companies, SPCG PCL ranks better than 90.77% on this metric.
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. SPCG PCL's cash to debt ratio for the quarter that ended in Mar. 2026 was 23.71.
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, SPCG PCLcould pay off its debt using the cash in hand for the quarter that ended in Mar. 2026.
The historical rank and industry rank for SPCG PCL's Cash-to-Debt or its related term are showing as below:
BKK:SPCG-R'
s Cash-to-Debt Range Over the Past 10 Years
Min: 0.17 Med: 0.59 Max: 78.91
Current: 23.71
During the past 13 years, SPCG PCL's highest Cash to Debt Ratio was 78.91. The lowest was 0.17. And the median was 0.59.
BKK:SPCG-R's Cash-to-Debt is ranked better than 90.77% of 444
companies
in the Utilities - Independent Power Producers industry
Industry Median: 0.255
vs BKK:SPCG-R: 23.71
SPCG PCL (BKK:SPCG-R) 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.
SPCG PCL Cash-to-Debt Related Terms
SPCG PCL Cash-to-Debt Historical Data
* Premium members only.
The historical data trend for SPCG PCL'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.
For the Utilities - Renewable subindustry, SPCG PCL'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.
SPCG PCL Cash-to-Debt vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, SPCG PCL's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where SPCG PCL's Cash-to-Debt falls into.
* 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.
SPCG PCL (BKK:SPCG-R) has a Cash-to-Debt of 23.71 as of Mar. 2026. This is 3919% above median its historical median of 0.59. Over the past decade, SPCG PCL's Cash-to-Debt has ranged from 0.17 to 78.91. According to the industry distribution chart, SPCG PCL ranks #41 out of 444 companies in the Utilities - Independent Power Producers industry, placing it in the top 9.2%.
Is SPCG PCL's Cash-to-Debt too high?
SPCG PCL's current Cash-to-Debt of 23.71 is 3919% above median its 10-year median of 0.59. Over the past 10 years, this metric has ranged from a low of 0.17 to a high of 78.91. The Utilities - Independent Power Producers industry median Cash-to-Debt is 0.26. SPCG PCL's value of 23.71 is 9198% above this industry median. Based on the distribution chart, SPCG PCL ranks #41 out of 444 companies in the Utilities - Independent Power Producers industry, which is in the top quartile — a strong position relative to peers. Overall, SPCG PCL has a GF Score™ of 63/100, reflecting its overall financial health beyond just this single metric.
How does SPCG PCL's Cash-to-Debt compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, SPCG PCL ranks #41 out of 444 companies for Cash-to-Debt. This places SPCG PCL in the top 9% of its industry — outperforming the majority of peers. The industry median Cash-to-Debt is 0.26. SPCG PCL's value of 23.71 is 9198% above this benchmark. Historically, SPCG PCL's own Cash-to-Debt has ranged from 0.17 to 78.91 over the past decade. While the company's 10-year median is 0.59 vs. the industry median of 0.26, SPCG PCL has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cash-to-Debt for an Utilities - Independent Power Producers company?
The median Cash-to-Debt among Utilities - Independent Power Producers companies is 0.26, based on 444 companies in the industry. Companies in the top quartile (top 25%) have a Cash-to-Debt significantly above this median, while those in the bottom quartile fall well below. However, Cash-to-Debt should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. SPCG PCL's current Cash-to-Debt of 23.71 is 9198% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cash-to-Debt mean?
A high Cash-to-Debt can signal that a stock is expensive relative to its fundamentals. For the Utilities - Independent Power Producers industry, the median Cash-to-Debt is 0.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SPCG PCL's current Cash-to-Debt is 23.71, which is 3919% above median its own 10-year median of 0.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SPCG PCL stock overvalued right now?
SPCG PCL (BKK:SPCG-R) has a current Cash-to-Debt of 23.71. The stock's GF Value™ is ฿6.01, compared to a current price of ฿8.85 — trading 47.3% above its estimated fair value. The current Cash-to-Debt is 23.71, which is 3919% above median its 10-year median of 0.59 and 9198% above the Utilities - Independent Power Producers industry median of 0.26. SPCG PCL's overall GF Score™ is 63/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cash-to-Debt calculated?
Cash-to-Debt is calculated from a company's financial statements. For SPCG PCL (BKK:SPCG-R), the current Cash-to-Debt is 23.71 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is SPCG PCL (BKK:SPCG-R) Overvalued in 2026?
Based on GuruFocus' analysis, SPCG PCL stock appears to be overvalued.
The current stock price of ฿8.85 is trading 47.3% above its estimated GF Value™ of ฿6.01.
Key valuation signals for BKK:SPCG-R:
Cash-to-Debt: 23.71 (3919% above median its 10-year median of 0.59)
GF Value™: ฿6.01 vs. price of ฿8.85 (47.3% above fair value)
Industry Position: 9198% above the Utilities - Independent Power Producers median (#41 of 444)
No single metric tells the full story. See the BKK:SPCG-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
SPCG PCL is a holding company. The principal activities and reportable segments of the group are one production and distribution of electricity from solar energy, second the manufacture, trading, and installation service of roof sheets and solar roof, and Others. The majority of revenue is generated from the Production and distribution of electricity from solar energy.
63GF Score
Get the complete analysis for BKK:SPCG-R
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