Corporacion Acciona Energias Renovables (FRA:5BP) Cash-to-Debt : 0.09 (As of Jun. 2024)

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What is Corporacion Acciona Energias Renovables 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. Corporacion Acciona Energias Renovables's cash to debt ratio for the quarter that ended in Jun. 2024 was 0.09.

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, Corporacion Acciona Energias Renovables couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2024.

The historical rank and industry rank for Corporacion Acciona Energias Renovables's Cash-to-Debt or its related term are showing as below:

FRA:5BP' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.09 Med: 0.16 Max: 0.4
Current: 0.09

During the past 6 years, Corporacion Acciona Energias Renovables's highest Cash to Debt Ratio was 0.40. The lowest was 0.09. And the median was 0.16.

FRA:5BP's Cash-to-Debt is ranked worse than
75.69% of 432 companies
in the Utilities - Independent Power Producers industry
Industry Median: 0.24 vs FRA:5BP: 0.09

Corporacion Acciona Energias Renovables Cash-to-Debt Historical Data

The historical data trend for Corporacion Acciona Energias Renovables'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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Corporacion Acciona Energias Renovables Cash-to-Debt Chart

Corporacion Acciona Energias Renovables Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.11

0.26

0.18

Corporacion Acciona Energias Renovables Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Cash-to-Debt	Get a 7-Day Free Trial						0.40	0.26	0.15	0.18	0.09

Competitive Comparison of Corporacion Acciona Energias Renovables's Cash-to-Debt

For the Utilities - Renewable subindustry, Corporacion Acciona Energias Renovables'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.

Corporacion Acciona Energias Renovables's Cash-to-Debt Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Corporacion Acciona Energias Renovables's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Corporacion Acciona Energias Renovables's Cash-to-Debt falls into.

Corporacion Acciona Energias Renovables 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.

Corporacion Acciona Energias Renovables'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)
	=	883	/	(339	+	4670)
	=	0.18

Corporacion Acciona Energias Renovables's Cash to Debt Ratio for the quarter that ended in Jun. 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)
	=	487	/	(507	+	5053)
	=	0.09

Corporacion Acciona Energias Renovables (FRA:5BP) 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.

Corporacion Acciona Energias Renovables Cash-to-Debt Related Terms

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Corporacion Acciona Energias Renovables Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Corporacion Acciona Energias Renovables SA (FRA:5BP) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

ANEe:UK ANE:Spain

Address

Avenida de Europa, 18, Parque Empresarial La Moraleja, Alcobendas, Madrid, ESP, 28108

Website

https://www.acciona-energia.com

A renewables developer, Acciona Energia was spun off from Spanish industrial conglomerate Acciona in July 2021. The floating share is 17.3%. At the end of 2023, the group had 12.1 gigawatts of consolidated capacity. 70% of Acciona Energia's capacity is onshore wind, nearly 7% is hydro dams in Spain and 18% is solar photovoltaic. Geographically, 44% of the capacity are located in Spain. The three biggest markets outside Spain are Mexico, the US, and Australia.

Corporacion Acciona Energias Renovables Headlines

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