Polska Grupa Energetyczna (WAR:PGE) Cash-to-Debt : 0.21 (As of Mar. 2024)

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What is Polska Grupa Energetyczna 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. Polska Grupa Energetyczna's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.21.

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, Polska Grupa Energetyczna 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 Polska Grupa Energetyczna's Cash-to-Debt or its related term are showing as below:

WAR:PGE' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.08 Med: 0.42 Max: 1.46
Current: 0.21

During the past 13 years, Polska Grupa Energetyczna's highest Cash to Debt Ratio was 1.46. The lowest was 0.08. And the median was 0.42.

WAR:PGE's Cash-to-Debt is ranked worse than
55.45% of 505 companies
in the Utilities - Regulated industry
Industry Median: 0.25 vs WAR:PGE: 0.21

Polska Grupa Energetyczna Cash-to-Debt Historical Data

The historical data trend for Polska Grupa Energetyczna'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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Polska Grupa Energetyczna Cash-to-Debt Chart

Polska Grupa Energetyczna Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.08

0.37

0.55

1.21

0.27

Polska Grupa Energetyczna 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															0.38	0.49	0.89	0.27	0.21

Competitive Comparison of Polska Grupa Energetyczna's Cash-to-Debt

For the Utilities - Regulated Electric subindustry, Polska Grupa Energetyczna'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.

Polska Grupa Energetyczna's Cash-to-Debt Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Polska Grupa Energetyczna's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Polska Grupa Energetyczna's Cash-to-Debt falls into.

Polska Grupa Energetyczna 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.

Polska Grupa Energetyczna'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)
	=	3989	/	(4513	+	10384)
	=	0.27

Polska Grupa Energetyczna'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)
	=	3655	/	(7505	+	10361)
	=	0.20

Polska Grupa Energetyczna (WAR:PGE) 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.

Polska Grupa Energetyczna Cash-to-Debt Related Terms

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

Polska Grupa Energetyczna (WAR:PGE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Polska Grupa Energetyczna SA (WAR:PGE) » Definitions » Cash-to-Debt

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Traded in Other Exchanges

0MN3:UK 6PG:Germany

Address

Aleja Krasnicka 27, Warsaw, POL, 20-718

Website

http://www.gkpge.pl

Polska Grupa Energetyczna SA is a Polish electric utility company of which the Polish State Treasury is the majority shareholder. The vast majority of Polska Grupa's revenue comes, collectively, from its conventional generation business, which mines coal and controls power plant operations; its distribution business, which distributes electricity throughout Poland; and its supply business, which purchases and sells electricity and heat. Polska Grupa controls a portfolio of lignite, coal, gas, biomass, hydro, and wind power plants. most of the company's power production is derived from its lignite-fired and coal-fired facilities. Almost all of Polska Grupa's revenue comes from the Polish market, and it is one of the largest energy producers in the country.

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