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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. Ballard Power Systems's cash to debt ratio for the quarter that ended in Jun. 2026 was 25.66.
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, Ballard Power Systemscould pay off its debt using the cash in hand for the quarter that ended in Jun. 2026.
The historical rank and industry rank for Ballard Power Systems's Cash-to-Debt or its related term are showing as below:
XSWX:BLDP'
s Cash-to-Debt Range Over the Past 10 Years
Min: 3.76 Med: 24.13 Max: 71.98
Current: 25.66
During the past 13 years, Ballard Power Systems's highest Cash to Debt Ratio was 71.98. The lowest was 3.76. And the median was 24.13.
XSWX:BLDP's Cash-to-Debt is ranked better than 83.69% of 3041
companies
in the Industrial Products industry
Industry Median: 1.18
vs XSWX:BLDP: 25.66
Ballard Power Systems (XSWX:BLDP) 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.
Ballard Power Systems Cash-to-Debt Related Terms
Ballard Power Systems Cash-to-Debt Historical Data
* Premium members only.
The historical data trend for Ballard Power 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.
For the Electrical Equipment & Parts subindustry, Ballard Power 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.
Ballard Power Systems Cash-to-Debt vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Ballard Power Systems's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where Ballard Power Systems'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.
Ballard Power Systems (XSWX:BLDP) has a Cash-to-Debt of 25.66 as of Jun. 2026. This is near median its historical median of 24.13. Over the past decade, Ballard Power Systems' Cash-to-Debt has ranged from 3.76 to 71.98. According to the industry distribution chart, Ballard Power Systems ranks #496 out of 3041 companies in the Industrial Products industry, placing it in the top 16.3%.
Is Ballard Power Systems' Cash-to-Debt too high?
Ballard Power Systems' current Cash-to-Debt of 25.66 is near median its 10-year median of 24.13. Over the past 10 years, this metric has ranged from a low of 3.76 to a high of 71.98. The Industrial Products industry median Cash-to-Debt is 1.18. Ballard Power Systems' value of 25.66 is 2074.6% above this industry median. Based on the distribution chart, Ballard Power Systems ranks #496 out of 3041 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Ballard Power Systems has a GF Score™ of 74/100, reflecting its overall financial health beyond just this single metric.
How does Ballard Power Systems' Cash-to-Debt compare to VRT and BE?
According to the Industrial Products industry distribution chart, Ballard Power Systems ranks #496 out of 3041 companies for Cash-to-Debt. This places Ballard Power Systems in the top 16% of its industry — outperforming the majority of peers. The industry median Cash-to-Debt is 1.18. Ballard Power Systems' value of 25.66 is 2074.6% above this benchmark. Historically, Ballard Power Systems' own Cash-to-Debt has ranged from 3.76 to 71.98 over the past decade. While the company's 10-year median is 24.13 vs. the industry median of 1.18, Ballard Power Systems has consistently been above 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 Industrial Products company?
The median Cash-to-Debt among Industrial Products companies is 1.18, based on 3,041 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. Ballard Power Systems's current Cash-to-Debt of 25.66 is 2074.6% above 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 Industrial Products industry, the median Cash-to-Debt is 1.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ballard Power Systems's current Cash-to-Debt is 25.66, which is near median its own 10-year median of 24.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ballard Power Systems stock overvalued right now?
Ballard Power Systems (XSWX:BLDP) has a current Cash-to-Debt of 25.66. The stock's GF Value™ is CHF2.28, compared to a current price of CHF2.16 — trading 5.2% below its estimated fair value. The current Cash-to-Debt is 25.66, which is near median its 10-year median of 24.13 and 2074.6% above the Industrial Products industry median of 1.18. Ballard Power Systems' overall GF Score™ is 74/100 with 4 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 Ballard Power Systems (XSWX:BLDP), the current Cash-to-Debt is 25.66 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 Ballard Power Systems (XSWX:BLDP) Overvalued in 2026?
Based on GuruFocus' analysis, Ballard Power Systems stock appears to be undervalued.
The current stock price of CHF2.16 is trading 5.2% below its estimated GF Value™ of CHF2.28.
Key valuation signals for XSWX:BLDP:
Cash-to-Debt: 25.66 (near median its 10-year median of 24.13)
GF Value™: CHF2.28 vs. price of CHF2.16 (5.2% below fair value)
Industry Position: 2074.6% above the Industrial Products median (#496 of 3041)
No single metric tells the full story. See the XSWX:BLDP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ballard Power Systems Inc is engaged in design, development, manufacture, sale and service of proton exchange membrane ("PEM") fuel cell products for a variety of applications, focusing on power products for bus, truck, rail, marine, stationary and emerging market (material handling, off-road and other) applications, as well as the delivery of services, including technology solutions, after sales services and training. A fuel cell is an environmentally clean electrochemical device that combines hydrogen fuel with oxygen (from the air) to produce electricity. Key geographical revenue is derived from United States followed by Poland, Canada, and other countries.
74GF Score
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