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Terna SpATERRF 85 Cash-to-Debt is 0.15 as of Jun. 2026, which is 21% below its 10-year median of 0.19. GuruFocus rates TERRF with a GF Score™ of 85/100 and a GF Value™ of $15.06 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 486 Utilities - Regulated companies, Terna SpA ranks worse than 58.44% 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. Terna SpA's cash to debt ratio for the quarter that ended in Jun. 2026 was 0.15.
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, Terna SpAcouldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2026.
The historical rank and industry rank for Terna SpA's Cash-to-Debt or its related term are showing as below:
TERRF'
s Cash-to-Debt Range Over the Past 10 Years
Min: 0.05 Med: 0.19 Max: 0.27
Current: 0.15
During the past 13 years, Terna SpA's highest Cash to Debt Ratio was 0.27. The lowest was 0.05. And the median was 0.19.
TERRF's Cash-to-Debt is ranked worse than 58.44% of 486
companies
in the Utilities - Regulated industry
Industry Median: 0.215
vs TERRF: 0.15
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.
Terna SpA Cash-to-Debt Related Terms
Terna SpA Cash-to-Debt Historical Data
* Premium members only.
The historical data trend for Terna SpA'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 Utilities - Regulated Electric subindustry, Terna SpA'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.
Terna SpA Cash-to-Debt vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Terna SpA's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where Terna SpA'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.
Terna SpA (TERRF) has a Cash-to-Debt of 0.15 as of Jun. 2026. This is 21% below median its historical median of 0.19. Over the past decade, Terna SpA's Cash-to-Debt has ranged from 0.05 to 0.27. According to the industry distribution chart, Terna SpA ranks #284 out of 486 companies in the Utilities - Regulated industry, placing it in the top 58.4%.
Is Terna SpA's Cash-to-Debt too high?
Terna SpA's current Cash-to-Debt of 0.15 is 21% below median its 10-year median of 0.19. Over the past 10 years, this metric has ranged from a low of 0.05 to a high of 0.27. The Utilities - Regulated industry median Cash-to-Debt is 0.22. Terna SpA's value of 0.15 is 30.2% below this industry median. Based on the distribution chart, Terna SpA ranks #284 out of 486 companies in the Utilities - Regulated industry, which is below the industry midpoint. Overall, Terna SpA has a GF Score™ of 85/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Terna SpA's Cash-to-Debt compare to NEE and SO?
According to the Utilities - Regulated industry distribution chart, Terna SpA ranks #284 out of 486 companies for Cash-to-Debt. This places Terna SpA in the lower half of its industry. The industry median Cash-to-Debt is 0.22. Terna SpA's value of 0.15 is 30.2% below this benchmark. Historically, Terna SpA's own Cash-to-Debt has ranged from 0.05 to 0.27 over the past decade. While the company's 10-year median is 0.19 vs. the industry median of 0.22, Terna SpA has consistently been below 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 an Utilities - Regulated company?
The median Cash-to-Debt among Utilities - Regulated companies is 0.22, based on 486 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. Terna SpA's current Cash-to-Debt of 0.15 is 30.2% below 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 Utilities - Regulated industry, the median Cash-to-Debt is 0.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Terna SpA's current Cash-to-Debt is 0.15, which is 21% below median its own 10-year median of 0.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Terna SpA stock overvalued right now?
Based on GuruFocus' analysis, Terna SpA (TERRF) is currently considered Modestly Undervalued. The stock's GF Value™ is $15.06, compared to a current price of $10.95 — trading 27.3% below its estimated fair value. The current Cash-to-Debt is 0.15, which is 21% below median its 10-year median of 0.19 and 30.2% below the Utilities - Regulated industry median of 0.22. Terna SpA's overall GF Score™ is 85/100 with 2 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 Terna SpA (TERRF), the current Cash-to-Debt is 0.15 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 Terna SpA (TERRF) Overvalued in 2026?
Based on GuruFocus' analysis, Terna SpA stock appears to be undervalued.
The current stock price of $10.95 is trading 27.3% below its estimated GF Value™ of $15.06.
GuruFocus considers Terna SpA to be Modestly Undervalued.
Key valuation signals for TERRF:
Cash-to-Debt: 0.15 (21% below median its 10-year median of 0.19)
GF Value™: $15.06 vs. price of $10.95 (27.3% below fair value)
Industry Position: 30.2% below the Utilities - Regulated median (#284 of 486)
No single metric tells the full story. See the TERRF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Terna SpA is an electricity transmission system operator that owns virtually all of the Italian National Transmission Grid. With a monopoly under an Italian government license, Terna transmits and dispatches electricity throughout the country. It is also responsible for the planning, construction, and maintenance of the nation's electrical grid. Terna segments its operations into its Regulated Activities, Non-Regulated Activities, and International Activities. The company generates the vast majority of its revenue from charging transmission fees as a part of its Regulated Activities. Under its Non-Regulated Activities, Terna mainly produces and sells electricity transformers. The company has also made efforts to expand its operations into Italy's neighboring countries and North Africa.
85GF Score
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