Kauno Energija AB (OVSE:KNR1L) Cash-to-Debt : 0.15 (As of Dec. 2023)

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What is Kauno Energija AB 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. Kauno Energija AB's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.15.

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, Kauno Energija AB couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

OVSE:KNR1L' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.1 Max: 0.37
Current: 0.15

During the past 13 years, Kauno Energija AB's highest Cash to Debt Ratio was 0.37. The lowest was 0.01. And the median was 0.10.

OVSE:KNR1L's Cash-to-Debt is ranked worse than
59.07% of 430 companies
in the Utilities - Independent Power Producers industry
Industry Median: 0.215 vs OVSE:KNR1L: 0.15

Kauno Energija AB Cash-to-Debt Historical Data

The historical data trend for Kauno Energija AB'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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Kauno Energija AB Cash-to-Debt Chart

Kauno Energija AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.09

0.05

0.10

0.12

0.15

Kauno Energija AB Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															0.12	0.09	0.08	0.07	0.15

Competitive Comparison of Kauno Energija AB's Cash-to-Debt

For the Utilities - Renewable subindustry, Kauno Energija AB'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.

Kauno Energija AB's Cash-to-Debt Distribution in the Utilities - Independent Power Producers Industry

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

* The bar in red indicates where Kauno Energija AB's Cash-to-Debt falls into.

Kauno Energija AB 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.

Kauno Energija AB's Cash to Debt Ratio for the fiscal year that ended in Dec. 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)
	=	8.547	/	(3.269	+	55.857)
	=	0.14

Kauno Energija AB's Cash to Debt Ratio for the quarter that ended in Dec. 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)
	=	8.547	/	(3.269	+	55.857)
	=	0.14

Kauno Energija AB (OVSE:KNR1L) 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.

Kauno Energija AB Cash-to-Debt Related Terms

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Kauno Energija AB (OVSE:KNR1L) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Kauno Energija AB (OVSE:KNR1L) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

Raudondvario Road 84, Kaunas, LTU, 47179

Website

https://www.kaunoenergija.lt

Kauno Energija AB is a company engaged in heat and hot water supplies in the cities of Kaunas and Jurbarkas and in Kaunas district, Lituania. In addition, the company is also involved in electricity generation and distribution. The company carries out supervision of indoor heat and hot water supply systems, repair and maintenance of heat unit equipment, provides rental services premises. It generates a vast majority of its revenues from heat supplies.

Kauno Energija AB (OVSE:KNR1L) Headlines

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