Canadian Utilities (TSX:CU.PR.F.PFD) Cash-to-Debt

: 0.04 (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. Canadian Utilities's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.04.

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

TSX:CU.PR.F.PFD' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.04 Med: 0.06 Max: 0.11
Current: 0.04

During the past 13 years, Canadian Utilities's highest Cash to Debt Ratio was 0.11. The lowest was 0.04. And the median was 0.06.

TSX:CU.PR.F.PFD's Cash-to-Debt is ranked worse than
83.71% of 491 companies
in the Utilities - Regulated industry
Industry Median: 0.26 vs TSX:CU.PR.F.PFD: 0.04

Canadian Utilities Cash-to-Debt Historical Data

The historical data trend for Canadian Utilities'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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Canadian Utilities Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

0.11

0.09

0.08

0.07

0.04

Canadian Utilities 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																0.07	0.07	0.04	0.06	0.04

Competitive Comparison

For the Utilities - Diversified subindustry, Canadian Utilities'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.

Canadian Utilities Cash-to-Debt Distribution

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

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

Canadian Utilities 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.

Canadian Utilities'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)
	=	407	/	(536	+	10053)
	=	0.04

Canadian Utilities'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)
	=	407	/	(536	+	10053)
	=	0.04

Canadian Utilities (TSX:CU.PR.F.PFD) 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.

Canadian Utilities Cash-to-Debt Related Terms

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

Canadian Utilities (TSX:CU.PR.F.PFD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Canadian Utilities Ltd (TSX:CU.PR.F.PFD) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

CNAUF.PFD:USA CDUTF.PFD:USA CDUAF:USA CUD:Germany CU.PR.I.PFD:Canada CU.PR.H.PFD:Canada CU.PR.G.PFD:Canada CU.PR.E.PFD:Canada CU.PR.D.PFD:Canada CU.PR.C.PFD:Canada CU:Canada

Address

5302 Forand Street S.W., 4th Floor, West Building, Calgary, AB, CAN, T3E 8B4

Website

https://www.canadianutilities.com

Canadian Utilities Ltd, a subsidiary of holding company Atco, offers gas and electricity services. The company's main divisions include electricity (generation, transmission, and distribution), pipelines & liquid (natural gas and water), and Retail Energy. Headquartered in Calgary, Alberta, the firm mainly operates in Canada and Australia, along with some operations in the United States and Mexico. Canadian Utilities launched a large venture called Atco Energy, which provides low-cost and sustainable energy solutions for Alberta.

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