Cloudberry Clean Energy ASA (CHIX:CLOUDO) Cash-to-Debt : 0.41 (As of Mar. 2024)

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What is Cloudberry Clean Energy ASA 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. Cloudberry Clean Energy ASA's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.41.

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, Cloudberry Clean Energy ASA couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

CHIX:CLOUDo' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.41 Med: 2.95 Max: 20.7
Current: 0.41

During the past 6 years, Cloudberry Clean Energy ASA's highest Cash to Debt Ratio was 20.70. The lowest was 0.41. And the median was 2.95.

CHIX:CLOUDo's Cash-to-Debt is ranked better than
62.9% of 434 companies
in the Utilities - Independent Power Producers industry
Industry Median: 0.23 vs CHIX:CLOUDo: 0.41

Cloudberry Clean Energy ASA Cash-to-Debt Historical Data

The historical data trend for Cloudberry Clean Energy ASA'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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Cloudberry Clean Energy ASA Cash-to-Debt Chart

Cloudberry Clean Energy ASA Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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20.70

2.26

3.63

4.03

0.49

Cloudberry Clean Energy ASA Quarterly Data
	Jun19	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial													4.04	0.72	0.53	0.49	0.41

Competitive Comparison of Cloudberry Clean Energy ASA's Cash-to-Debt

For the Utilities - Renewable subindustry, Cloudberry Clean Energy ASA'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.

Cloudberry Clean Energy ASA's Cash-to-Debt Distribution in the Utilities - Independent Power Producers Industry

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

* The bar in red indicates where Cloudberry Clean Energy ASA's Cash-to-Debt falls into.

Cloudberry Clean Energy ASA 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.

Cloudberry Clean Energy ASA'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)
	=	779	/	(85	+	1499)
	=	0.49

Cloudberry Clean Energy ASA's Cash to Debt Ratio for the quarter that ended in Mar. 2024 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)
	=	652	/	(93	+	1517)
	=	0.40

Cloudberry Clean Energy ASA (CHIX:CLOUDo) 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.

Cloudberry Clean Energy ASA Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Cloudberry Clean Energy ASA's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Cloudberry Clean Energy ASA (CHIX:CLOUDO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Cloudberry Clean Energy ASA (CHIX:CLOUDo) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

CLOUDo:Sweden CLOUD:Norway 52K:Germany

Address

Froyas gate 15, Oslo, NOR, NO-0273

Website

https://www.cloudberry.no

Cloudberry Clean Energy ASA is a Nordic energy company that owns, develops, and operates hydropower and wind power plants in Norway and Sweden. The company produces renewable energy for future generations, with an ambition to develop a sustainable society and create value for stakeholders. The company has three revenue generating segments and one cost-efficient corporate segment. Development segment consists of green-field projects both onshore and off-shore. Production segment is engaged in operating assets, with power sold in the spot market and under fixed price Power Purchase Agreements. Operations segment delivers services such as asset management of hydro and wind assets, including digital solutions.

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