Alternus Energy Group (OSL:ALT) Cash-to-Debt : 0.02 (As of Sep. 2023)

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What is Alternus Energy Group 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. Alternus Energy Group's cash to debt ratio for the quarter that ended in Sep. 2023 was 0.02.

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

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

OSL:ALT' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.07 Max: 0.18
Current: 0.02

During the past 5 years, Alternus Energy Group's highest Cash to Debt Ratio was 0.18. The lowest was 0.01. And the median was 0.07.

OSL:ALT's Cash-to-Debt is ranked worse than
93.95% of 430 companies
in the Utilities - Independent Power Producers industry
Industry Median: 0.23 vs OSL:ALT: 0.02

Alternus Energy Group Cash-to-Debt Historical Data

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

Alternus Energy Group Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

0.04

0.03

0.09

0.01

Alternus Energy Group Quarterly Data
	Dec18	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Jun23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial										0.08	0.08	0.01	0.03	0.02

Competitive Comparison of Alternus Energy Group's Cash-to-Debt

For the Utilities - Renewable subindustry, Alternus Energy Group'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.

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

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

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

Alternus Energy Group 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.

Alternus Energy Group'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)
	=	10.068	/	(3.172	+	1501.568)
	=	0.01

Alternus Energy Group's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	41.676	/	(2097.247	+	216.489)
	=	0.02

Alternus Energy Group (OSL:ALT) 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.

Alternus Energy Group Cash-to-Debt Related Terms

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Alternus Energy Group (OSL:ALT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Alternus Energy Group PLC (OSL:ALT) » Definitions » Cash-to-Debt

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Traded in Other Exchanges

ALTNF:USA

Address

Blanchardstown Corporate Park 2, Suite 9-10 Plaza 212, Dublin, IRL, D15 R504

Website

https://www.alternusenergy.com

Alternus Energy Group PLC is an independent power producer of green energy. It develops, owns, and operates Utility-Scale Solar projects across Europe. The company's solar PV parks produce clean green energy and replace polluting greenhouse gas-emitting and fossil fuel-based energy. Its current portfolio consists of renewable energy facilities that are generally contracted under long-term Country Renewable Programs (FIT programs) or Energy Offtake Agreements (PPAs/VPPAs) with creditworthy counterparties.