Tidewater Renewables (FRA:7GZ) Cash-to-Debt : 0.04 (As of Mar. 2024)

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What is Tidewater Renewables 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. Tidewater Renewables's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.04.

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, Tidewater Renewables 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 Tidewater Renewables's Cash-to-Debt or its related term are showing as below:

FRA:7GZ' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0.04 Max: 0.13
Current: 0.04

During the past 6 years, Tidewater Renewables's highest Cash to Debt Ratio was 0.13. The lowest was 0.00. And the median was 0.04.

FRA:7GZ's Cash-to-Debt is ranked worse than
86.05% of 430 companies
in the Utilities - Independent Power Producers industry
Industry Median: 0.23 vs FRA:7GZ: 0.04

Tidewater Renewables Cash-to-Debt Historical Data

The historical data trend for Tidewater Renewables'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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Tidewater Renewables Cash-to-Debt Chart

Tidewater Renewables Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.01

0.05

Tidewater Renewables Quarterly Data
	Dec18	Dec19	Mar20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial												-	0.07	-	-	0.04

Competitive Comparison of Tidewater Renewables's Cash-to-Debt

For the Utilities - Renewable subindustry, Tidewater Renewables'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.

Tidewater Renewables's Cash-to-Debt Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Tidewater Renewables's Cash-to-Debt distribution charts can be found below:

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

Tidewater Renewables 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.

Tidewater Renewables'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)
	=	0.072	/	(137.81	+	98.41)
	=	0.00

Tidewater Renewables'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)
	=	8.242	/	(118.604	+	97.87)
	=	0.04

Tidewater Renewables (FRA:7GZ) 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.

Tidewater Renewables Cash-to-Debt Related Terms

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Tidewater Renewables (FRA:7GZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Tidewater Renewables Ltd (FRA:7GZ) » Definitions » Cash-to-Debt

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TDWRF:USA LCFS:Canada

Address

222 - 3rd Avenue SW, Suite 900, Calgary, AB, CAN, T2P 0B4

Website

https://www.tidewatermidstream.com

Tidewater Renewables Ltd has been formed to become a multi-faceted, energy transition company. It is focused on the production of low-carbon fuels, including renewable diesel, renewable hydrogen, and renewable natural gas, as well as carbon capture. The corporation generates revenue from the sale of renewable products. The renewable energy operating segment includes the following revenue categories: renewable fuels and renewable natural gas.

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