Advent Technologies Holdings (Advent Technologies Holdings) Cash-to-Debt : 0.33 (As of Sep. 2023)

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What is Advent Technologies Holdings 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. Advent Technologies Holdings's cash to debt ratio for the quarter that ended in Sep. 2023 was 0.33.

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, Advent Technologies Holdings couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

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

ADNWW' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.33 Med: No Debt Max: No Debt
Current: 0.33

During the past 4 years, Advent Technologies Holdings's highest Cash to Debt Ratio was No Debt. The lowest was 0.33. And the median was No Debt.

ADNWW's Cash-to-Debt is ranked better than
59.29% of 425 companies
in the Utilities - Independent Power Producers industry
Industry Median: 0.22 vs ADNWW: 0.33

Advent Technologies Holdings Cash-to-Debt Historical Data

The historical data trend for Advent Technologies Holdings'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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Advent Technologies Holdings Cash-to-Debt Chart

Advent Technologies Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

No Debt

12.00

578.00

2.72

Advent Technologies Holdings Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial										No Debt	2.72	1.65	0.88	0.33

Competitive Comparison of Advent Technologies Holdings's Cash-to-Debt

For the Utilities - Renewable subindustry, Advent Technologies Holdings'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.

Advent Technologies Holdings's Cash-to-Debt Distribution in the Utilities - Independent Power Producers Industry

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

* The bar in red indicates where Advent Technologies Holdings's Cash-to-Debt falls into.

Advent Technologies Holdings 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.

Advent Technologies Holdings's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 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)
	=	32.869	/	(2.28	+	9.802)
	=	2.72

Advent Technologies Holdings's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	3.661	/	(2.34	+	8.774)
	=	0.33

Advent Technologies Holdings (NAS:ADNWW) 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.

Advent Technologies Holdings Cash-to-Debt Related Terms

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Advent Technologies Holdings (Advent Technologies Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Advent Technologies Holdings Inc (NAS:ADNWW) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

ADN:USA

Address

500 Rutherford Avenue, Suite 102, Boston, MA, USA, 02129

Website

https://www.advent.energy

Advent Technologies Holdings Inc is an innovation-driven company in the fuel cell and hydrogen technology space. The company develops, manufactures, and assembles complete fuel cell systems and the critical components that determine the performance of hydrogen fuel cells and other energy systems. It serves automotive; aviation and power generation industries. It generates revenue from the sale of fuel cell systems and the sale of MEAs, membranes, and electrodes for specific applications in the fuel cell and energy storage (flow battery) markets.