VEOEF (Veolia Environnement) Cash-to-Debt : 0.47 (As of Jun. 2024)

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What is Veolia Environnement 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. Veolia Environnement's cash to debt ratio for the quarter that ended in Jun. 2024 was 0.47.

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, Veolia Environnement couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2024.

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

VEOEF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.24 Med: 0.52 Max: 2.87
Current: 0.47

During the past 13 years, Veolia Environnement's highest Cash to Debt Ratio was 2.87. The lowest was 0.24. And the median was 0.52.

VEOEF's Cash-to-Debt is ranked better than
56.28% of 247 companies
in the Waste Management industry
Industry Median: 0.39 vs VEOEF: 0.47

Veolia Environnement Cash-to-Debt Historical Data

The historical data trend for Veolia Environnement'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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Veolia Environnement Cash-to-Debt Chart

Veolia Environnement Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.53

0.54

0.92

0.50

0.53

Veolia Environnement Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Cash-to-Debt	Get a 7-Day Free Trial															0.40	0.50	0.47	0.53	0.47

Competitive Comparison of Veolia Environnement's Cash-to-Debt

For the Waste Management subindustry, Veolia Environnement'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.

Veolia Environnement's Cash-to-Debt Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Veolia Environnement's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Veolia Environnement's Cash-to-Debt falls into.

Veolia Environnement 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.

Veolia Environnement's Cash to Debt Ratio for the fiscal year 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)
	=	11762.268	/	(2339.149	+	19972.737)
	=	0.53

Veolia Environnement's Cash to Debt Ratio for the quarter that ended in Jun. 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)
	=	9976.319	/	(2683.531	+	18407.966)
	=	0.47

Veolia Environnement (OTCPK:VEOEF) 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.

Veolia Environnement Cash-to-Debt Related Terms

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Veolia Environnement Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Veolia Environnement SA (OTCPK:VEOEF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

VEOEY:USA VIE:Mexico VIEp:UK 0NY8:UK VIE:France VVD:Germany VVDH:Germany VVD:Germany VVD:Germany VVDH:Germany VVD:Germany VIE:Austria

Address

30, rue Madeleine Vionnet, Aubervilliers, FRA, 93300

Website

https://www.veolia.com

Veolia is the largest water company globally and a leading player in France. It is also involved in waste management with significant exposure to France, the United Kingdom, Germany, the United States, and Australia. The third pillar of the group is energy services, giving the group significant exposure to Central Europe. Veolia started to refocus its activities in 2011, leading to the exit of almost half of its countries and its transport activity The integration of most activities of the historical rival Suez in 2022 drove an EBITDA increase of nearly 40%.