CIPI (Correlate Energy) Cash-to-Debt : 0.19 (As of Sep. 2024)

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What is Correlate Energy 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. Correlate Energy's cash to debt ratio for the quarter that ended in Sep. 2024 was 0.19.

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, Correlate Energy couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

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

CIPI' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0.06 Max: No Debt
Current: 0.19

During the past 13 years, Correlate Energy's highest Cash to Debt Ratio was No Debt. The lowest was 0.00. And the median was 0.06.

CIPI's Cash-to-Debt is ranked worse than
77.38% of 1724 companies
in the Construction industry
Industry Median: 0.65 vs CIPI: 0.19

Correlate Energy Cash-to-Debt Historical Data

The historical data trend for Correlate Energy'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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Correlate Energy Cash-to-Debt Chart

Correlate Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

5.04

0.05

0.39

Correlate Energy Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial															1.01	0.39	0.02	0.15	0.19

Competitive Comparison of Correlate Energy's Cash-to-Debt

For the Engineering & Construction subindustry, Correlate Energy'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.

Correlate Energy's Cash-to-Debt Distribution in the Construction Industry

For the Construction industry and Industrials sector, Correlate Energy's Cash-to-Debt distribution charts can be found below:

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

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Correlate Energy 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.

Correlate Energy'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)
	=	1.412	/	(2.68	+	0.935)
	=	0.39

Correlate Energy's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	0.318	/	(1.64	+	0)
	=	0.19

Correlate Energy (OTCPK:CIPI) 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.

Correlate Energy Cash-to-Debt Related Terms

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

Correlate Energy Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Correlate Energy Corp (OTCPK:CIPI) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

176 S. Capitol Boulevard, 2nd Floor, Boise, ID, USA, 83702

Website

https://www.correlate.energy

Correlate Energy Corp together with its subsidiaries, is a technology-enabled clean energy optimization provider that offers a complete suite of proprietary clean energy assessment and deployment solutions for commercial and industrial (C&I) building and property owners in North America. The company generates revenue from its in-house and end-to-end development and fulfillment resources for engineering, procurement, and construction services (EPC) and consulting services. Under contracts for EPC services, it provides engineering services, obtains materials, and installs materials to agreed-upon specifications. Through its consulting services, the company assists its clients in achieving certain defined project milestones.

Executives

Eli Albrecht	director	176 S. CAPITOL BLVD., 2ND FLOOR, BOISE ID 83702
Channing F. Chen	officer: Chief Financial Officer	25 ARUNDEL RD, BURLINGAME CA 94010
G Robert Powell	director	P.O. BOX 1204, LAFAYETTE CA 94549
Matthew C Flemming	director	18614 RESICA FALLS, HOUSTON TX 77094
Jason Loyet	director	205 DEMONBREUN STREET, 1801, NASHVILLE TN 37201
Todd Robert Michaels	director, officer: CEO and President	3212 S. EAGLE BROOK LANE, EAGLE ID 83616
Hunt Cory Gerald	director	939 MAYDEL PALMER VISTA NORTH, LETHBRIDGE A0 T1H7B7
Newton W. Dorsett	10 percent owner	220 TRAVIS STREET, SUITE 501, SHREVEPORT LA 71101
Tim Burroughs	officer: President, CEO	2717 SUN MEADOW DR, FLOWER MOUND TX 75022
Daniel R Robinson	director	190 COYOTE COURT, ARGYLE TX 76226
Donald R Lawhorne	director	2435 NORTH CENTRAL EXPRESSWAY, SUITE 200, RICHARDSON TX 75080
Kenneth Conte	officer: Chief Financial Officer	12222 MERIT DRIVE, SUITE 1850, DALLAS TX 75251
Charles David York	officer: Executive Vice President	5004 JOSHUA DRIVE, FLOWER MOUND TX 75028
Sherri Cecotti	officer: Vice President	3030 LBJ FREEWAY, SUITE 1320, DALLAS TX 75234
Bernard O'donnell	director	3505 WOODHAVEN DRIVE, DALLAS TX 75234