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Soluna HoldingsSLNH -6.07%37 Cash-to-Debt is 2.89 as of Jun. 2026, which is 39% above its 10-year median of 2.08. GuruFocus rates SLNH with a GF Score™ of 37/100 and a GF Value™ of $0.13 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 797 Capital Markets companies, Soluna Holdings ranks better than 54.96% 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. Soluna Holdings's cash to debt ratio for the quarter that ended in Jun. 2026 was 2.89.
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, Soluna Holdingscould pay off its debt using the cash in hand for the quarter that ended in Jun. 2026.
The historical rank and industry rank for Soluna Holdings's Cash-to-Debt or its related term are showing as below:
SLNH'
s Cash-to-Debt Range Over the Past 10 Years
Min: 0.04 Med: 2.08 Max: No Debt
Current: 2.89
During the past 13 years, Soluna Holdings's highest Cash to Debt Ratio was No Debt. The lowest was 0.04. And the median was 2.08.
SLNH's Cash-to-Debt is ranked better than 54.96% of 797
companies
in the Capital Markets industry
Industry Median: 2.07
vs SLNH: 2.89
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.
Soluna Holdings Cash-to-Debt Related Terms
Soluna Holdings Cash-to-Debt Historical Data
* Premium members only.
The historical data trend for Soluna Holdings'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.
For the Capital Markets subindustry, Soluna Holdings'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.
Soluna Holdings Cash-to-Debt vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Soluna Holdings's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where Soluna Holdings'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.
Soluna Holdings (SLNH) has a Cash-to-Debt of 2.89 as of Jun. 2026. This is 39% above median its historical median of 2.08. Over the past decade, Soluna Holdings' Cash-to-Debt has ranged from 0.04 to 10,000.00. According to the industry distribution chart, Soluna Holdings ranks #359 out of 797 companies in the Capital Markets industry, placing it in the top 45%.
Is Soluna Holdings' Cash-to-Debt too high?
Soluna Holdings' current Cash-to-Debt of 2.89 is 39% above median its 10-year median of 2.08. Over the past 10 years, this metric has ranged from a low of 0.04 to a high of 10,000.00. The Capital Markets industry median Cash-to-Debt is 2.07. Soluna Holdings' value of 2.89 is 39.6% above this industry median. Based on the distribution chart, Soluna Holdings ranks #359 out of 797 companies in the Capital Markets industry, which is above the industry midpoint. Overall, Soluna Holdings has a GF Score™ of 37/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Soluna Holdings' Cash-to-Debt compare to HWKE and FUFU?
According to the Capital Markets industry distribution chart, Soluna Holdings ranks #359 out of 797 companies for Cash-to-Debt. This puts Soluna Holdings in the upper half of its industry. The industry median Cash-to-Debt is 2.07. Soluna Holdings' value of 2.89 is 39.6% above this benchmark. Historically, Soluna Holdings' own Cash-to-Debt has ranged from 0.04 to 10,000.00 over the past decade. While the company's 10-year median is 2.08 vs. the industry median of 2.07, Soluna Holdings 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 a Capital Markets company?
The median Cash-to-Debt among Capital Markets companies is 2.07, based on 797 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. Soluna Holdings's current Cash-to-Debt of 2.89 is 39.6% 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 Capital Markets industry, the median Cash-to-Debt is 2.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Soluna Holdings's current Cash-to-Debt is 2.89, which is 39% above median its own 10-year median of 2.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Soluna Holdings stock overvalued right now?
Based on GuruFocus' analysis, Soluna Holdings (SLNH) is currently considered Significantly Overvalued. The stock's GF Value™ is $0.13, compared to a current price of $1.16 — trading 792.3% above its estimated fair value. The current Cash-to-Debt is 2.89, which is 39% above median its 10-year median of 2.08 and 39.6% above the Capital Markets industry median of 2.07. Soluna Holdings' overall GF Score™ is 37/100 with 5 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 Soluna Holdings (SLNH), the current Cash-to-Debt is 2.89 as of Jun. 2026. 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 Soluna Holdings (SLNH) Overvalued in 2026?
Based on GuruFocus' analysis, Soluna Holdings stock appears to be overvalued.
The current stock price of $1.16 is trading 792.3% above its estimated GF Value™ of $0.13.
GuruFocus considers Soluna Holdings to be Significantly Overvalued.
Key valuation signals for SLNH:
Cash-to-Debt: 2.89 (39% above median its 10-year median of 2.08)
GF Value™: $0.13 vs. price of $1.16 (792.3% above fair value)
Industry Position: 39.6% above the Capital Markets median (#359 of 797)
No single metric tells the full story. See the SLNH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Soluna Holdings Inc is a U.S.-based company engaged in the development and operation of data centers powered by renewable energy. The company utilizes excess or curtailed energy from renewable sources to support high-performance computing applications, including cryptocurrency mining, artificial intelligence, and machine learning. Its business model focuses on converting underutilized renewable energy into computing resources through co-located data center infrastructure.
37GF Score
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