EV Technology Group (EV Technology Group) Cash-to-Debt : 0.00 (As of Sep. 2023)

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What is EV Technology Group 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. EV Technology Group's cash to debt ratio for the quarter that ended in Sep. 2023 was 0.00.

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, EV Technology Group couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

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

During the past 2 years, EV Technology Group's highest Cash to Debt Ratio was No Debt. The lowest was 0.00. And the median was 4.92.

EVTGF's Cash-to-Debt is not ranked ^*
in the Vehicles & Parts industry.
Industry Median: 0.58
* Ranked among companies with meaningful Cash-to-Debt only.

EV Technology Group Cash-to-Debt Historical Data

The historical data trend for EV Technology Group'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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EV Technology Group Cash-to-Debt Chart

EV Technology Group Annual Data

Trend

Dec21

Dec22

Cash-to-Debt

No Debt

0.22

EV Technology Group Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial			9.51	0.22	0.05	0.02	-

Competitive Comparison of EV Technology Group's Cash-to-Debt

For the Auto Manufacturers subindustry, EV Technology Group'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.

EV Technology Group's Cash-to-Debt Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, EV Technology Group's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where EV Technology Group's Cash-to-Debt falls into.

EV Technology Group 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.

EV Technology Group's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 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)
	=	0.27	/	(1.213	+	0)
	=	0.22

EV Technology Group's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	0.005	/	(1.393	+	0)
	=	0.00

EV Technology Group (OTCPK:EVTGF) 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.

EV Technology Group Cash-to-Debt Related Terms

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EV Technology Group (EV Technology Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » EV Technology Group Ltd (OTCPK:EVTGF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

B96A:Germany EVTG:Canada

Address

198 Davenport Road, Toronto, ON, CAN, M5R 1J2

Website

https://www.evtgroup.com

EV Technology Group Ltd owns and operates iconic and luxury motoring brands and helps them 'go electric. It acquires iconic brands and invests in making the transition to electric. It is in the business of developing and commercializing electric vehicle technologies that have growth potential in distinctive, niche, and underserved markets. The Company has adopted a direct-to-consumer (D2C) distribution model to deliver a premium unified brand experience through flagship locations, online experiences, and marketing activations. The Company operates in Canada, UK and France.