Audax Renovables (LTS:0EIB) Cash-to-Debt : 0.51 (As of Dec. 2023)

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What is Audax Renovables 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. Audax Renovables's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.51.

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, Audax Renovables 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 Audax Renovables's Cash-to-Debt or its related term are showing as below:

LTS:0EIB' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.07 Med: 0.36 Max: 0.68
Current: 0.51

During the past 13 years, Audax Renovables's highest Cash to Debt Ratio was 0.68. The lowest was 0.07. And the median was 0.36.

LTS:0EIB's Cash-to-Debt is ranked better than
68.85% of 427 companies
in the Utilities - Independent Power Producers industry
Industry Median: 0.22 vs LTS:0EIB: 0.51

Audax Renovables Cash-to-Debt Historical Data

The historical data trend for Audax Renovables'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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Audax Renovables Cash-to-Debt Chart

Audax Renovables Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

0.48

0.68

0.42

0.38

0.51

Audax Renovables Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															0.34	0.39	0.38	0.52	0.51

Competitive Comparison of Audax Renovables's Cash-to-Debt

For the Utilities - Renewable subindustry, Audax Renovables'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.

Audax Renovables's Cash-to-Debt Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Audax Renovables's Cash-to-Debt distribution charts can be found below:

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

Audax Renovables 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.

Audax Renovables'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)
	=	310.844	/	(112.303	+	493.316)
	=	0.51

Audax Renovables'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)
	=	310.844	/	(112.303	+	493.316)
	=	0.51

Audax Renovables (LTS:0EIB) 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.

Audax Renovables Cash-to-Debt Related Terms

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

Audax Renovables (LTS:0EIB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Audax Renovables SA (LTS:0EIB) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

ADX:Spain 54F:Germany

Address

Calle Electrónica 19, Badalona, Barcelona, ESP, 08911

Website

https://www.audaxrenovables.com

Audax Renovables SA is engaged in the development of renewable energy for generating electricity. The company is mainly focused on developing wind energy. The group's projects are located in Spain, France, Panama, Germany, and Poland. The majority of the revenue is generated from Spain and Portugal.

Audax Renovables (LTS:0EIB) Headlines

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