GreenPower Motor Co (TSXV:GPV) Cash-to-Debt : 0.04 (As of Dec. 2024)

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What is GreenPower Motor Co 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. GreenPower Motor Co's cash to debt ratio for the quarter that ended in Dec. 2024 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, GreenPower Motor Co couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2024.

The historical rank and industry rank for GreenPower Motor Co's Cash-to-Debt or its related term are showing as below:

TSXV:GPV' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0.1 Max: 16.95
Current: 0.04

During the past 13 years, GreenPower Motor Co's highest Cash to Debt Ratio was 16.95. The lowest was 0.00. And the median was 0.10.

TSXV:GPV's Cash-to-Debt is ranked worse than
96.6% of 206 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 0.74 vs TSXV:GPV: 0.04

GreenPower Motor Co Cash-to-Debt Historical Data

The historical data trend for GreenPower Motor Co'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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GreenPower Motor Co Cash-to-Debt Chart

GreenPower Motor Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Cash-to-Debt

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0.03

13.75

0.15

0.04

0.07

GreenPower Motor Co Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Cash-to-Debt	Get a 7-Day Free Trial															0.25	0.07	0.03	0.01	0.04

Competitive Comparison of GreenPower Motor Co's Cash-to-Debt

For the Farm & Heavy Construction Machinery subindustry, GreenPower Motor Co'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.

GreenPower Motor Co's Cash-to-Debt Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, GreenPower Motor Co's Cash-to-Debt distribution charts can be found below:

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

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GreenPower Motor Co 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.

GreenPower Motor Co's Cash to Debt Ratio for the fiscal year that ended in Mar. 2024 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)
	=	1.558	/	(14.025	+	8.714)
	=	0.07

GreenPower Motor Co's Cash to Debt Ratio for the quarter that ended in Dec. 2024 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)
	=	0.885	/	(15.699	+	9.112)
	=	0.04

GreenPower Motor Co (TSXV:GPV) 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.

GreenPower Motor Co Cash-to-Debt Related Terms

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GreenPower Motor Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » GreenPower Motor Co Inc (TSXV:GPV) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

GP:USA GRT1:Germany

Address

209 Carrall Street, Suite 240, Vancouver, BC, CAN, V6B 2J2

Website

https://www.greenpowermotor.com

GreenPower Motor Co Inc is the manufacturer and distributor of all-electric charter, school, and city buses. The company offers electric-powered transit buses deploying electric drive and battery technologies with a lightweight chassis and low-floor body. Its product line includes all-electric transit buses, all-electric school buses, and shuttle buses. The company's buses depend on clean sheet design and utilize a custom battery management system and a proprietary flex power system for the drive motors. Geographically, the company generates a majority of its revenue from the United States of America and the rest from Canada.

Executives

Fraser Atkinson	10% Security Holder, Director, Senior Officer
Malcolm Clay	Director
Michael Sieffert	Senior Officer
Brendan Riley	Senior Officer
Phillip Oldridge	Director, Director or Senior Officer of 10% Security Holder, Senior Officer

GreenPower Motor Co Headlines

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