Centrais Eletricas denta Catarina (BSP:CLSC3) Cash-to-Debt : 0.30 (As of Dec. 2023)

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What is Centrais Eletricas denta Catarina 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. Centrais Eletricas denta Catarina's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.30.

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, Centrais Eletricas denta Catarina couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for Centrais Eletricas denta Catarina's Cash-to-Debt or its related term are showing as below:

BSP:CLSC3' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.3 Med: 0.64 Max: 4.41
Current: 0.3

During the past 13 years, Centrais Eletricas denta Catarina's highest Cash to Debt Ratio was 4.41. The lowest was 0.30. And the median was 0.64.

BSP:CLSC3's Cash-to-Debt is ranked better than
55.89% of 492 companies
in the Utilities - Regulated industry
Industry Median: 0.26 vs BSP:CLSC3: 0.30

Centrais Eletricas denta Catarina Cash-to-Debt Historical Data

The historical data trend for Centrais Eletricas denta Catarina'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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Centrais Eletricas denta Catarina Cash-to-Debt Chart

Centrais Eletricas denta Catarina Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.36

0.61

0.45

0.41

0.30

Centrais Eletricas denta Catarina Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															0.41	0.39	0.44	0.29	0.30

Competitive Comparison of Centrais Eletricas denta Catarina's Cash-to-Debt

For the Utilities - Regulated Electric subindustry, Centrais Eletricas denta Catarina'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.

Centrais Eletricas denta Catarina's Cash-to-Debt Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Centrais Eletricas denta Catarina's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Centrais Eletricas denta Catarina's Cash-to-Debt falls into.

Centrais Eletricas denta Catarina 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.

Centrais Eletricas denta Catarina'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)
	=	965.98	/	(533.165	+	2655.137)
	=	0.30

Centrais Eletricas denta Catarina's Cash to Debt Ratio for the quarter 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)
	=	965.98	/	(533.165	+	2655.137)
	=	0.30

Centrais Eletricas denta Catarina (BSP:CLSC3) 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.

Centrais Eletricas denta Catarina Cash-to-Debt Related Terms

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

Centrais Eletricas denta Catarina (BSP:CLSC3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Centrais Eletricas de Santa Catarina SA (BSP:CLSC3) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

CLSC4:Brazil

Address

Avenida Itamarati, 160, Itacorubi neighborhood, Florianopolis, SC, BRA

Website

https://www.celesc.com.br

Centrais Eletricas de Santa Catarina SA is a Brazil-based company. It is engaged in the generation, transmission, and distribution of electric energy. The company's segments are Celesc D, and Celesc G. The company through its subsidiaries is also engaged in the operation, maintenance, expansion, and sale related to its generating complex, formed by hydroelectric power plants established in partnership with private investors.

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