Atome (LSE:ATOM) Cash-to-Debt : 0.09 (As of Jun. 2024)

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What is Atome 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. Atome'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, Atome 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 Atome's Cash-to-Debt or its related term are showing as below:

LSE:ATOM' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.09 Med: 2.89 Max: 157.44
Current: 0.09

During the past 3 years, Atome's highest Cash to Debt Ratio was 157.44. The lowest was 0.09. And the median was 2.89.

LSE:ATOM's Cash-to-Debt is ranked worse than
74.88% of 430 companies
in the Utilities - Independent Power Producers industry
Industry Median: 0.27 vs LSE:ATOM: 0.09

Atome Cash-to-Debt Historical Data

The historical data trend for Atome'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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Atome Cash-to-Debt Chart

Atome Annual Data

Trend

Dec21

Dec22

Dec23

Cash-to-Debt

1.28

157.44

0.64

Atome Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Cash-to-Debt	Get a 7-Day Free Trial			49.11	157.44	4.51	0.64	0.09

Competitive Comparison of Atome's Cash-to-Debt

For the Utilities - Renewable subindustry, Atome'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.

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

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

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

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Atome 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.

Atome'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)
	=	0.435	/	(0.021	+	0.662)
	=	0.64

Atome'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)
	=	0.061	/	(0.021	+	0.648)
	=	0.09

Atome (LSE:ATOM) 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.

Atome Cash-to-Debt Related Terms

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Atome Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Atome PLC (LSE:ATOM) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

J6J:Germany

Address

Selby Road, Carrwood Park, Leeds, GBR, LS15 4LG

Website

https://www.atomeplc.com

Atome PLC produces, markets, and distributes green hydrogen and ammonia. The company's subsidiaries have commenced operational planning, sourcing and negotiations with green electricity suppliers, equipment providers and offtake partners. The Company currently has projects in two geographical markets such as the Paraguay and Iceland.