Ocean Power Technologies (STU:RUOB) Cash-to-Debt : 3.44 (As of Jul. 2024)

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What is Ocean Power Technologies 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. Ocean Power Technologies's cash to debt ratio for the quarter that ended in Jul. 2024 was 3.44.

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, Ocean Power Technologies could pay off its debt using the cash in hand for the quarter that ended in Jul. 2024.

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

STU:RUOB' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.23 Med: 69.61 Max: 2220
Current: 3.44

During the past 13 years, Ocean Power Technologies's highest Cash to Debt Ratio was 2220.00. The lowest was 1.23. And the median was 69.61.

STU:RUOB's Cash-to-Debt is ranked better than
67.78% of 2992 companies
in the Industrial Products industry
Industry Median: 1.18 vs STU:RUOB: 3.44

Ocean Power Technologies Cash-to-Debt Historical Data

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

Ocean Power Technologies Annual Data

Trend

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Apr24

Cash-to-Debt

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7.65

40.36

66.87

18.85

1.23

Ocean Power Technologies Quarterly Data
	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24
Cash-to-Debt	Get a 7-Day Free Trial															15.56	11.42	3.38	1.23	3.44

Competitive Comparison of Ocean Power Technologies's Cash-to-Debt

For the Specialty Industrial Machinery subindustry, Ocean Power Technologies'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.

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

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

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

Ocean Power Technologies 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.

Ocean Power Technologies's Cash to Debt Ratio for the fiscal year that ended in Apr. 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)
	=	2.937	/	(0.721	+	1.676)
	=	1.23

Ocean Power Technologies's Cash to Debt Ratio for the quarter that ended in Jul. 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)
	=	2.934	/	(0.854	+	0)
	=	3.44

Ocean Power Technologies (STU:RUOB) 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.

Ocean Power Technologies Cash-to-Debt Related Terms

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Ocean Power Technologies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Ocean Power Technologies Inc (STU:RUOB) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

OPTT:USA RUOC:Germany

Address

28 Engelhard Drive, Suite B, Monroe Township, NJ, USA, 08831

Website

https://www.oceanpowertechnologies.com

Ocean Power Technologies Inc provides intelligent maritime solutions and services that enable safer, cleaner, and more productive ocean operations for the defense and security, oil and gas, science and research, and offshore wind markets. It provides ocean data collection and reporting, marine power, offshore communications, and Maritime Domain Awareness System (MDAS) products, integrated solutions, and consulting services. The company offers its products and services to a wide range of customers, including those in government and offshore energy, oil and gas, construction, wind power, and other industries. The company has operations in North and South America, Europe, Asia and Australia.

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