Solid Power (Solid Power) Cash-to-Debt : 18.43 (As of Dec. 2023)

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What is Solid Power 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. Solid Power's cash to debt ratio for the quarter that ended in Dec. 2023 was 18.43.

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, Solid Power could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

SLDP' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.79 Med: 18.43 Max: 4533.32
Current: 18.43

During the past 5 years, Solid Power's highest Cash to Debt Ratio was 4533.32. The lowest was 0.79. And the median was 18.43.

SLDP's Cash-to-Debt is ranked better than
81.74% of 2996 companies
in the Industrial Products industry
Industry Median: 1.18 vs SLDP: 18.43

Solid Power Cash-to-Debt Historical Data

The historical data trend for Solid Power'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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Solid Power Cash-to-Debt Chart

Solid Power Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

1.66

0.79

4,533.32

32.14

18.43

Solid Power Quarterly Data
	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial										32.14	25.89	22.69	20.05	18.43

Competitive Comparison of Solid Power's Cash-to-Debt

For the Electrical Equipment & Parts subindustry, Solid Power'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.

Solid Power's Cash-to-Debt Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Solid Power's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Solid Power's Cash-to-Debt falls into.

Solid Power 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.

Solid Power'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)
	=	176.042	/	(1.005	+	8.548)
	=	18.43

Solid Power'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)
	=	176.042	/	(1.005	+	8.548)
	=	18.43

Solid Power (NAS:SLDP) 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.

Solid Power Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Solid Power's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Solid Power (Solid Power) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Solid Power Inc (NAS:SLDP) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

SLDPW:USA

Address

486 S. Pierce Avenue, Suite E, Louisville, CO, USA, 80027

Website

https://www.solidpowerbattery.com

Solid Power Inc is engaged in developing all-solid-state battery cell technology to enable the next generation of batteries for the EV and other markets. The company's planned business model is to license its all-solid-state battery cell designs and manufacturing know-how to top tier battery manufacturers or automotive original equipment manufacturers and to sell its sulfide-based solid electrolyte for incorporation into all-solid-state battery cells.

Executives

Joshua Buettner-garrett	officer: Chief Technology Officer	C/O SOLID POWER, INC., 486 S PIERCE AVE., SUITE E, LOUISVILLE CO 80027
Steven H Goldberg	director	C/O SOLID POWER, INC., 486 S PIERCE AVE., SUITE E, LOUISVILLE CO 80027
Kaled Awada	director	7450 N. MCCORMICK BLVD., SKOKIE IL 60076
Susan M Kreh	director	18400 PLEASANT STREET, BROOKFIELD WI 53045
Van Scoter John C.	director, officer: President & CEO	486 S. PIERCE AVE., SUITE E, LOUISVILLE CO 80027
Erik J Anderson	director, officer: Chief Executive Officer	1411 E MISSION AVE, SPOKANE WA 99202
Douglas M Campbell	director, officer: Chief Executive Officer	C/O SOLID POWER, INC., 486 S PIERCE AVE., SUITE E, LOUISVILLE CO 80027
John Joseph Stephens	director	C/O SOLID POWER, INC., 486 S PIERCE AVE., SUITE E, LOUISVILLE CO 80027
Mary Ann Wright	director	486 S. PIERCE AVE., SUITE E, LOUISVILLE CO 80027
Volta Energy Technologies, Llc	10 percent owner	28365 DAVIS PARKWAY, SUITE 202, WARRENVILLE IL 60555
Aleksandra A Miziolek	director	C/O SOLID POWER, INC., 486 S PIERCE AVE., SUITE E, LOUISVILLE CO 80027
Lesa B Roe	director	C/O SOLID POWER, INC., 486 S PIERCE AVE, SUITE E, LOUISVILLE CO 80027
Johnson Derek Colby	officer: Chief Operating Officer	C/O SOLID POWER, INC., 486 S PIERCE AVE., SUITE E, LOUISVILLE CO 80027
Rainer Feurer	director	C/O SOLID POWER, INC., 486 S PIERCE AVE., SUITE E, LOUISVILLE CO 80027
David B Jansen	director, officer: President	C/O SOLID POWER, INC., 486 S PIERCE AVE., SUITE E, LOUISVILLE CO 80027