European Green Transition (LSE:EGT) Cash-to-Debt : No Debt ⁽¹⁾ (As of Jun. 2023)

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What is European Green Transition 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. European Green Transition's cash to debt ratio for the quarter that ended in Jun. 2023 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, European Green Transition could pay off its debt using the cash in hand for the quarter that ended in Jun. 2023.

(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 European Green Transition's Cash-to-Debt or its related term are showing as below:

LSE:EGT' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.83 Med: 5000.41 Max: No Debt
Current: 7.46

During the past 2 years, European Green Transition's highest Cash to Debt Ratio was No Debt. The lowest was 0.83. And the median was 5000.41.

LSE:EGT's Cash-to-Debt is ranked better than
51.47% of 1463 companies
in the Asset Management industry
Industry Median: 5.56 vs LSE:EGT: 7.46

European Green Transition Cash-to-Debt Historical Data

The historical data trend for European Green Transition'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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European Green Transition Cash-to-Debt Chart

European Green Transition Annual Data

Trend

Dec21

Dec22

Cash-to-Debt

No Debt

0.83

European Green Transition Quarterly Data
	Jun22	Dec22	Jun23
Cash-to-Debt	N/A	0.83	No Debt

Competitive Comparison of European Green Transition's Cash-to-Debt

For the Asset Management subindustry, European Green Transition'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.

European Green Transition's Cash-to-Debt Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, European Green Transition's Cash-to-Debt distribution charts can be found below:

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

European Green Transition 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.

European Green Transition'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)
	=	0.659	/	(0	+	0.797)
	=	0.83

European Green Transition's Cash to Debt Ratio for the quarter that ended in Jun. 2023 is calculated as:

European Green Transition had no debt ⁽¹⁾.

European Green Transition (LSE:EGT) 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.

European Green Transition Cash-to-Debt Related Terms

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European Green Transition (LSE:EGT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » European Green Transition PLC (LSE:EGT) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

The Walbrook Building, 25 Walbrook, London, GBR, EC4N 8AF

Website

https://www.europeangreentransition.com

European Green Transition PLC is focussed on building a pipeline of high-quality green economy assets in Europe. It aims to acquire high quality projects which are distressed, under-valued and capital restricted. EGT is to build a portfolio of green economy assets within a sustainable, profitable business, focused on generating returns and creating shareholder value.