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ERG SpAMIL:ERG +0.35%71 Cash-to-Debt is 0.18 as of Jun. 2026, which is 49% below its 10-year median of 0.35. GuruFocus rates MIL:ERG with a GF Score™ of 71/100 and a GF Value™ of €24.42 (Fairly Valued). The stock has 7 warning signs investors should review. Among 441 Utilities - Independent Power Producers companies, ERG SpA ranks worse than 54.42% on this metric.
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. ERG SpA's cash to debt ratio for the quarter that ended in Jun. 2026 was 0.18.
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, ERG SpAcouldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2026.
The historical rank and industry rank for ERG SpA's Cash-to-Debt or its related term are showing as below:
MIL:ERG'
s Cash-to-Debt Range Over the Past 10 Years
Min: 0.13 Med: 0.35 Max: No Debt
Current: 0.18
During the past 13 years, ERG SpA's highest Cash to Debt Ratio was No Debt. The lowest was 0.13. And the median was 0.35.
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.
ERG SpA Cash-to-Debt Related Terms
ERG SpA Cash-to-Debt Historical Data
* Premium members only.
The historical data trend for ERG SpA'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.
For the Utilities - Renewable subindustry, ERG SpA'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.
ERG SpA Cash-to-Debt vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, ERG SpA's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where ERG SpA's Cash-to-Debt falls into.
* 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.
ERG SpA (MIL:ERG) has a Cash-to-Debt of 0.18 as of Jun. 2026. This is 49% below median its historical median of 0.35. Over the past decade, ERG SpA's Cash-to-Debt has ranged from 0.13 to 10,000.00. According to the industry distribution chart, ERG SpA ranks #240 out of 441 companies in the Utilities - Independent Power Producers industry, placing it in the top 54.4%.
Is ERG SpA's Cash-to-Debt too high?
ERG SpA's current Cash-to-Debt of 0.18 is 49% below median its 10-year median of 0.35. Over the past 10 years, this metric has ranged from a low of 0.13 to a high of 10,000.00. The Utilities - Independent Power Producers industry median Cash-to-Debt is 0.22. ERG SpA's value of 0.18 is 18.2% below this industry median. Based on the distribution chart, ERG SpA ranks #240 out of 441 companies in the Utilities - Independent Power Producers industry, which is below the industry midpoint. Overall, ERG SpA has a GF Score™ of 71/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does ERG SpA's Cash-to-Debt compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, ERG SpA ranks #240 out of 441 companies for Cash-to-Debt. This places ERG SpA in the lower half of its industry. The industry median Cash-to-Debt is 0.22. ERG SpA's value of 0.18 is 18.2% below this benchmark. Historically, ERG SpA's own Cash-to-Debt has ranged from 0.13 to 10,000.00 over the past decade. While the company's 10-year median is 0.35 vs. the industry median of 0.22, ERG SpA has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cash-to-Debt for an Utilities - Independent Power Producers company?
The median Cash-to-Debt among Utilities - Independent Power Producers companies is 0.22, based on 441 companies in the industry. Companies in the top quartile (top 25%) have a Cash-to-Debt significantly above this median, while those in the bottom quartile fall well below. However, Cash-to-Debt should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. ERG SpA's current Cash-to-Debt of 0.18 is 18.2% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cash-to-Debt mean?
A high Cash-to-Debt can signal that a stock is expensive relative to its fundamentals. For the Utilities - Independent Power Producers industry, the median Cash-to-Debt is 0.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ERG SpA's current Cash-to-Debt is 0.18, which is 49% below median its own 10-year median of 0.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ERG SpA stock overvalued right now?
Based on GuruFocus' analysis, ERG SpA (MIL:ERG) is currently considered Fairly Valued. The stock's GF Value™ is €24.42, compared to a current price of €22.64 — trading 7.3% below its estimated fair value. The current Cash-to-Debt is 0.18, which is 49% below median its 10-year median of 0.35 and 18.2% below the Utilities - Independent Power Producers industry median of 0.22. ERG SpA's overall GF Score™ is 71/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cash-to-Debt calculated?
Cash-to-Debt is calculated from a company's financial statements. For ERG SpA (MIL:ERG), the current Cash-to-Debt is 0.18 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is ERG SpA (MIL:ERG) Overvalued in 2026?
Based on GuruFocus' analysis, ERG SpA stock appears to be undervalued.
The current stock price of €22.64 is trading 7.3% below its estimated GF Value™ of €24.42.
GuruFocus considers ERG SpA to be Fairly Valued.
Key valuation signals for MIL:ERG:
Cash-to-Debt: 0.18 (49% below median its 10-year median of 0.35)
GF Value™: €24.42 vs. price of €22.64 (7.3% below fair value)
Industry Position: 18.2% below the Utilities - Independent Power Producers median (#240 of 441)
No single metric tells the full story. See the MIL:ERG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ERG SpA produces electricity from clean, renewable, and sustainable sources. Its energy comes from the combination of natural resources such as wind and sun. The company produces wind power, and electricity as a hydroelectric operator to markets across Europe. Electricity is also generated from natural gas operations located in Italy. ERG's wind power production is handled by subsidiary ENG Renew which focuses on developing, building, and operating wind assets. Hydropower and natural gas operations are split off into ERG Power Generation. The company's hydro assets include plants, dams, reservoirs, and a pumping station. Electricity from the plant is either fed into Italy's national grid or used to power other industrial plants.
71GF Score
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