Terna Energy (LTS:0OJX) Cash-to-Debt : 0.28 (As of Jun. 2023)

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What is Terna Energy 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. Terna Energy's cash to debt ratio for the quarter that ended in Jun. 2023 was 0.28.

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, Terna Energy couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2023.

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

LTS:0OJX' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.21 Med: 0.31 Max: 0.42
Current: 0.28

During the past 13 years, Terna Energy's highest Cash to Debt Ratio was 0.42. The lowest was 0.21. And the median was 0.31.

LTS:0OJX's Cash-to-Debt is ranked better than
56.28% of 430 companies
in the Utilities - Independent Power Producers industry
Industry Median: 0.23 vs LTS:0OJX: 0.28

Terna Energy Cash-to-Debt Historical Data

The historical data trend for Terna Energy'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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Terna Energy Cash-to-Debt Chart

Terna Energy Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

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0.21

0.25

0.30

0.40

0.35

Terna Energy Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Cash-to-Debt	Get a 7-Day Free Trial															0.38	0.40	0.36	0.35	0.28

Competitive Comparison of Terna Energy's Cash-to-Debt

For the Utilities - Renewable subindustry, Terna Energy'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.

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

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

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

Terna Energy 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.

Terna Energy'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)
	=	396.218	/	(173.387	+	976.698)
	=	0.34

Terna Energy's Cash to Debt Ratio for the quarter that ended in Jun. 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)
	=	330.577	/	(161.976	+	1031.379)
	=	0.28

Terna Energy (LTS:0OJX) 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.

Terna Energy Cash-to-Debt Related Terms

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

Terna Energy (LTS:0OJX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Terna Energy SA (LTS:0OJX) » Definitions » Cash-to-Debt

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TENERGY:Greece 44T:Germany

Address

85 Mesogeion Avenue, Athens, GRC, 115 26

Website

https://www.terna-energy.com

Terna Energy SA is a Greece based company mainly engaged in the energy and construction sector. It operates through the following segments: The Construction segment refers to the development of wind farms and other units for electricity production from renewable energy sources; The Electricity from Renewable Sources of Energy segment mainly concerns the production of electricity through wind energy; The Concessions Segment concerns the construction and operation of infrastructure and public sector projects in exchange for the long-term operation of the above projects through the provision of services to the public. The majority is from the Electricity from Renewable Sources of Energy segment. Geographically, the key revenue is from Greece.

Terna Energy (LTS:0OJX) Headlines

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