Carnegie Clean Energy (STU:CNM1) Cash-to-Debt : 32.16 (As of Dec. 2023)

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What is Carnegie Clean 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. Carnegie Clean Energy's cash to debt ratio for the quarter that ended in Dec. 2023 was 32.16.

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, Carnegie Clean Energy 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 Carnegie Clean Energy's Cash-to-Debt or its related term are showing as below:

STU:CNM1' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.04 Med: 1.97 Max: No Debt
Current: 31.87

During the past 13 years, Carnegie Clean Energy's highest Cash to Debt Ratio was No Debt. The lowest was 0.04. And the median was 1.97.

STU:CNM1's Cash-to-Debt is ranked better than
92.72% of 426 companies
in the Utilities - Independent Power Producers industry
Industry Median: 0.22 vs STU:CNM1: 31.87

Carnegie Clean Energy Cash-to-Debt Historical Data

The historical data trend for Carnegie Clean 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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Carnegie Clean Energy Cash-to-Debt Chart

Carnegie Clean Energy Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

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0.04

1.16

76.83

24.52

17.99

Carnegie Clean Energy Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	24.52	29.01	17.99	32.16

Competitive Comparison of Carnegie Clean Energy's Cash-to-Debt

For the Utilities - Renewable subindustry, Carnegie Clean 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.

Carnegie Clean Energy's Cash-to-Debt Distribution in the Utilities - Independent Power Producers Industry

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

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

Carnegie Clean 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.

Carnegie Clean Energy's Cash to Debt Ratio for the fiscal year that ended in Jun. 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)
	=	1.241	/	(0.045	+	0.024)
	=	17.99

Carnegie Clean Energy'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)
	=	1.447	/	(0.045	+	0)
	=	32.16

Carnegie Clean Energy (STU:CNM1) 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.

Carnegie Clean Energy Cash-to-Debt Related Terms

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Carnegie Clean Energy (STU:CNM1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Carnegie Clean Energy Ltd (STU:CNM1) » Definitions » Cash-to-Debt

Comparable Companies

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CWGYF:USA CNM1:Germany CCE:Australia

Address

21 North Mole Drive, North Fremantle, Fremantle, WA, AUS, 6159

Website

https://www.carnegiece.com

Carnegie Clean Energy Ltd is the developer of utility-scale solar, battery, wave, and hybrid energy projects. The firm is mainly engaged in CETO wave energy technology/microgrid build, own, operator, which is developing and commercializing technology for zero-emission electricity generation from ocean swell, and the production and selling of energy through the ownership of microgrids; and Solar and Battery engineering and procurement. The firm realizes revenue from the sales of Garden Island Microgrid.

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