Braille Energy Systems (TSXV:BES) Cash-to-Debt : 0.34 (As of Mar. 2024)

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What is Braille Energy Systems 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. Braille Energy Systems's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.34.

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, Braille Energy Systems couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

TSXV:BES' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.1 Med: 5.78 Max: No Debt
Current: 0.34

During the past 13 years, Braille Energy Systems's highest Cash to Debt Ratio was No Debt. The lowest was 0.10. And the median was 5.78.

TSXV:BES's Cash-to-Debt is ranked worse than
76.13% of 2996 companies
in the Industrial Products industry
Industry Median: 1.22 vs TSXV:BES: 0.34

Braille Energy Systems Cash-to-Debt Historical Data

The historical data trend for Braille Energy Systems'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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Braille Energy Systems Cash-to-Debt Chart

Braille Energy Systems Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Cash-to-Debt

Get a 7-Day Free Trial

0.33

0.60

5.78

3.86

0.45

Braille Energy Systems Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															1.08	1.03	0.45	0.35	0.34

Competitive Comparison of Braille Energy Systems's Cash-to-Debt

For the Electrical Equipment & Parts subindustry, Braille Energy Systems'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.

Braille Energy Systems's Cash-to-Debt Distribution in the Industrial Products Industry

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

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

Braille Energy Systems 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.

Braille Energy Systems's Cash to Debt Ratio for the fiscal year that ended in Sep. 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)
	=	0.25	/	(0.205	+	0.357)
	=	0.44

Braille Energy Systems's Cash to Debt Ratio for the quarter that ended in Mar. 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)
	=	0.168	/	(0.168	+	0.333)
	=	0.34

Braille Energy Systems (TSXV:BES) 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.

Braille Energy Systems Cash-to-Debt Related Terms

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

Braille Energy Systems (TSXV:BES) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Braille Energy Systems Inc (TSXV:BES) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

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Address

945 Princess Street, Box 117, Kingston, ON, CAN, K7L 0E9

Website

https://www.brailleenergysystemsinc.com

Braille Energy Systems Inc is a battery manufacturing and energy storage company supplying batteries to the professional motorsports industry and the pioneer of a complete line of lightweight high-powered battery systems for the transportation market. Geographically it serves Europe, the Middle East, Africa, Asia Pacific Australia and earns key revenue from the Americas.

Executives

Jeffrey York

10% Security Holder, Director

Braille Energy Systems (TSXV:BES) Headlines

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