The AES (STU:AES) Cash-to-Debt

: 0.07 (As of Dec. 2023)

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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. The AES's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.07.

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

STU:AES' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.06 Med: 0.07 Max: 0.11
Current: 0.07

During the past 13 years, The AES's highest Cash to Debt Ratio was 0.11. The lowest was 0.06. And the median was 0.07.

STU:AES's Cash-to-Debt is ranked worse than
76.42% of 492 companies
in the Utilities - Regulated industry
Industry Median: 0.26 vs STU:AES: 0.07

The AES Cash-to-Debt Historical Data

The historical data trend for The AES'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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The AES Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.07

0.06

0.09

0.07

The AES 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															0.09	0.09	0.08	0.08	0.07

Competitive Comparison

For the Utilities - Diversified subindustry, The AES'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.

The AES Cash-to-Debt Distribution

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

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

The AES 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.

The AES'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)
	=	1669.857	/	(3789.044	+	20858.082)
	=	0.07

The AES'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)
	=	1669.857	/	(3789.044	+	20858.082)
	=	0.07

The AES (STU:AES) 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.

The AES Cash-to-Debt Related Terms

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

The AES (STU:AES) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » The AES Corp (STU:AES) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

AESC:USA AES:USA AES:Germany A1ES34:Brazil

Address

4300 Wilson Boulevard, 11th Floor, Arlington, VA, USA, 22203

Website

https://www.aes.com

AES is a global power company. Its current generation portfolio as of year-end 2022 consists of over 32 gigawatts of generation including renewable energy (46%), gas (32%), coal (20%), and oil (2%). AES has majority ownership and operates six electric utilities distributing power to 2.6 million customers.