Citicore Renewable Energy (PHS:CREC) Cash-to-Debt : 0.24 (As of Sep. 2024)

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What is Citicore Renewable 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. Citicore Renewable Energy's cash to debt ratio for the quarter that ended in Sep. 2024 was 0.24.

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, Citicore Renewable Energy couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

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

PHS:CREC' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.24 Med: 0.46 Max: 0.67
Current: 0.24

During the past 0 years, Citicore Renewable Energy's highest Cash to Debt Ratio was 0.67. The lowest was 0.24. And the median was 0.46.

PHS:CREC's Cash-to-Debt is ranked worse than
51.04% of 431 companies
in the Utilities - Independent Power Producers industry
Industry Median: 0.27 vs PHS:CREC: 0.24

Citicore Renewable Energy Cash-to-Debt Historical Data

The historical data trend for Citicore Renewable 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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Citicore Renewable Energy Cash-to-Debt Chart

Citicore Renewable Energy Annual Data

Trend

Cash-to-Debt

Citicore Renewable Energy Quarterly Data
	Jun23	Sep23	Jun24	Sep24
Cash-to-Debt	N/A	N/A	0.67	0.24

Competitive Comparison of Citicore Renewable Energy's Cash-to-Debt

For the Utilities - Renewable subindustry, Citicore Renewable 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.

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

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

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

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Citicore Renewable 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.

Citicore Renewable Energy's Cash to Debt Ratio for the fiscal year that ended in . 20 is calculated as:

Do not have enough data to calculate Cash to Debt ratio.

Citicore Renewable Energy's Cash to Debt Ratio for the quarter that ended in Sep. 2024 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)
	=	4706.866	/	(565.701	+	18743.873)
	=	0.24

Citicore Renewable Energy (PHS:CREC) 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.

Citicore Renewable Energy Cash-to-Debt Related Terms

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Citicore Renewable Energy Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Citicore Renewable Energy Corp (PHS:CREC) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

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Address

Santolan Road, Little Baguio, 11th Floor, Rockwell Santolan Town Plaza, San Juan, LUN, PHL

Website

https://www.crec.com.ph

Citicore Renewable Energy Corp is a company that is pure renewable energy developer and operator of solar, run-of-river hydro, and off-shore wind energy platforms in the country. Its renewable energy portfolio consists entirely of operating solar power plants. It also has over five Gigawatts of project pipelines in varying stages of development.

Citicore Renewable Energy Headlines

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