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Frendy Energy SpAMIL:FRE 31 Cash-to-Debt is 6.74 as of Dec. 2025, which is 251% above its 10-year median of 1.92. GuruFocus rates MIL:FRE with a GF Score™ of 31/100 and a GF Value™ of €0.22 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 447 Utilities - Independent Power Producers companies, Frendy Energy SpA ranks better than 86.35% 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. Frendy Energy SpA's cash to debt ratio for the quarter that ended in Dec. 2025 was 6.74.
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, Frendy Energy SpAcould pay off its debt using the cash in hand for the quarter that ended in Dec. 2025.
The historical rank and industry rank for Frendy Energy SpA's Cash-to-Debt or its related term are showing as below:
MIL:FRE'
s Cash-to-Debt Range Over the Past 10 Years
Min: 0.46 Med: 1.92 Max: 7.03
Current: 6.74
During the past 13 years, Frendy Energy SpA's highest Cash to Debt Ratio was 7.03. The lowest was 0.46. And the median was 1.92.
Frendy Energy SpA (MIL:FRE) 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.
Frendy Energy SpA Cash-to-Debt Related Terms
Frendy Energy SpA Cash-to-Debt Historical Data
* Premium members only.
The historical data trend for Frendy Energy 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.
Frendy Energy SpA Cash-to-Debt Competitor Comparison
For the Utilities - Renewable subindustry, Frendy Energy 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.
Frendy Energy SpA Cash-to-Debt vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Frendy Energy SpA's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where Frendy Energy 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.
Frendy Energy SpA (MIL:FRE) has a Cash-to-Debt of 6.74 as of Dec. 2025. This is 251% above median its historical median of 1.92. Over the past decade, Frendy Energy SpA's Cash-to-Debt has ranged from 0.46 to 7.03. According to the industry distribution chart, Frendy Energy SpA ranks #61 out of 447 companies in the Utilities - Independent Power Producers industry, placing it in the top 13.6%.
Is Frendy Energy SpA's Cash-to-Debt too high?
Frendy Energy SpA's current Cash-to-Debt of 6.74 is 251% above median its 10-year median of 1.92. Over the past 10 years, this metric has ranged from a low of 0.46 to a high of 7.03. The Utilities - Independent Power Producers industry median Cash-to-Debt is 0.25. Frendy Energy SpA's value of 6.74 is 2596% above this industry median. Based on the distribution chart, Frendy Energy SpA ranks #61 out of 447 companies in the Utilities - Independent Power Producers industry, which is in the top quartile — a strong position relative to peers. Overall, Frendy Energy SpA has a GF Score™ of 31/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Frendy Energy SpA's Cash-to-Debt compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, Frendy Energy SpA ranks #61 out of 447 companies for Cash-to-Debt. This places Frendy Energy SpA in the top 14% of its industry — outperforming the majority of peers. The industry median Cash-to-Debt is 0.25. Frendy Energy SpA's value of 6.74 is 2596% above this benchmark. Historically, Frendy Energy SpA's own Cash-to-Debt has ranged from 0.46 to 7.03 over the past decade. While the company's 10-year median is 1.92 vs. the industry median of 0.25, Frendy Energy SpA has consistently been above 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 0.25, based on 447 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. Frendy Energy SpA's current Cash-to-Debt of 6.74 is 2596% above 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 0.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Frendy Energy SpA's current Cash-to-Debt is 6.74, which is 251% above median its own 10-year median of 1.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Frendy Energy SpA stock overvalued right now?
Based on GuruFocus' analysis, Frendy Energy SpA (MIL:FRE) is currently considered Modestly Undervalued. The stock's GF Value™ is €0.22, compared to a current price of €0.19 — trading 15.5% below its estimated fair value. The current Cash-to-Debt is 6.74, which is 251% above median its 10-year median of 1.92 and 2596% above the Utilities - Independent Power Producers industry median of 0.25. Frendy Energy SpA's overall GF Score™ is 31/100 with 2 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 Frendy Energy SpA (MIL:FRE), the current Cash-to-Debt is 6.74 as of Dec. 2025. 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 Frendy Energy SpA (MIL:FRE) Overvalued in 2026?
Based on GuruFocus' analysis, Frendy Energy SpA stock appears to be undervalued.
The current stock price of €0.19 is trading 15.5% below its estimated GF Value™ of €0.22.
GuruFocus considers Frendy Energy SpA to be Modestly Undervalued.
Key valuation signals for MIL:FRE:
Cash-to-Debt: 6.74 (251% above median its 10-year median of 1.92)
GF Value™: €0.22 vs. price of €0.19 (15.5% below fair value)
Industry Position: 2596% above the Utilities - Independent Power Producers median (#61 of 447)
No single metric tells the full story. See the MIL:FRE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Frendy Energy SpA is an Italian company. It is engaged in building and operating mini hydropower plants towards the production and sale of electricity.
31GF Score
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