GE Vernova (GE Vernova) Cash-to-Debt : No Debt ⁽¹⁾ (As of Mar. 2024)

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What is GE Vernova 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. GE Vernova's cash to debt ratio for the quarter that ended in Mar. 2024 was No Debt ⁽¹⁾.

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, GE Vernova could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

(1) 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.

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

GEV' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.81 Med: No Debt Max: No Debt
Current: No Debt

During the past 3 years, GE Vernova's highest Cash to Debt Ratio was No Debt. The lowest was 1.81. And the median was No Debt.

GEV's Cash-to-Debt is ranked better than
99.53% of 430 companies
in the Utilities - Independent Power Producers industry
Industry Median: 0.23 vs GEV: No Debt

GE Vernova Cash-to-Debt Historical Data

The historical data trend for GE Vernova'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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GE Vernova Cash-to-Debt Chart

GE Vernova Annual Data

Trend

Dec21

Dec22

Dec23

Cash-to-Debt

N/A

1.81

No Debt

GE Vernova Quarterly Data
	Dec21	Dec22	Mar23	Dec23	Mar24
Cash-to-Debt	N/A	1.81	N/A	No Debt	No Debt

Competitive Comparison of GE Vernova's Cash-to-Debt

For the Utilities - Renewable subindustry, GE Vernova'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.

GE Vernova's Cash-to-Debt Distribution in the Utilities - Independent Power Producers Industry

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

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

GE Vernova 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.

GE Vernova's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

GE Vernova had no debt ⁽¹⁾.

GE Vernova's Cash to Debt Ratio for the quarter that ended in Mar. 2024 is calculated as:

GE Vernova had no debt ⁽¹⁾.

GE Vernova (NYSE:GEV) 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.

GE Vernova Cash-to-Debt Related Terms

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

GE Vernova (GE Vernova) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » GE Vernova Inc (NYSE:GEV) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

Y5C:Germany

Address

58 Charles Street, Cambridge, MA, USA

Website

https://www.gevernova.com

GE Vernova operates through its subsidiaries is a purpose-built global energy company spanning the power, wind and electrification segments, supported by advanced research, consulting and financial services accelerators. It helps customers improve energy efficiency and deliver electricity that is critical to improving health, safety and quality of life.

GE Vernova (GE Vernova) Headlines

From GuruFocus

GE Vernova to Announce First Quarter 2024 Financial Results on April 25

By Business Wire • 04-18-2024

GE Vernova (GE Vernova) Cash-to-Debt : No Debt (1) (As of Mar. 2024)