ELQ Spolka Akcyjna (WAR:ELQ) Cash-to-Debt : No Debt ⁽¹⁾ (As of Sep. 2023)

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What is ELQ Spolka Akcyjna 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. ELQ Spolka Akcyjna's cash to debt ratio for the quarter that ended in Sep. 2023 was No Debt ⁽¹⁾.

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, ELQ Spolka Akcyjna could pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

(1) 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.

The historical rank and industry rank for ELQ Spolka Akcyjna's Cash-to-Debt or its related term are showing as below:

WAR:ELQ' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0.29 Max: No Debt
Current: 0.88

During the past 13 years, ELQ Spolka Akcyjna's highest Cash to Debt Ratio was No Debt. The lowest was 0.00. And the median was 0.29.

WAR:ELQ's Cash-to-Debt is ranked worse than
55.29% of 2999 companies
in the Industrial Products industry
Industry Median: 1.2 vs WAR:ELQ: 0.88

ELQ Spolka Akcyjna Cash-to-Debt Historical Data

The historical data trend for ELQ Spolka Akcyjna'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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ELQ Spolka Akcyjna Cash-to-Debt Chart

ELQ Spolka Akcyjna Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

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0.34

0.55

0.10

0.07

0.61

ELQ Spolka Akcyjna Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	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	0.61	No Debt	No Debt	No Debt

Competitive Comparison of ELQ Spolka Akcyjna's Cash-to-Debt

For the Electrical Equipment & Parts subindustry, ELQ Spolka Akcyjna'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.

ELQ Spolka Akcyjna's Cash-to-Debt Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, ELQ Spolka Akcyjna's Cash-to-Debt distribution charts can be found below:

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

ELQ Spolka Akcyjna 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.

ELQ Spolka Akcyjna'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)
	=	1.703	/	(0.115	+	2.7)
	=	0.60

ELQ Spolka Akcyjna's Cash to Debt Ratio for the quarter that ended in Sep. 2023 is calculated as:

ELQ Spolka Akcyjna had no debt ⁽¹⁾.

ELQ Spolka Akcyjna (WAR:ELQ) 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.

ELQ Spolka Akcyjna Cash-to-Debt Related Terms

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

ELQ Spolka Akcyjna (WAR:ELQ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » ELQ Spolka Akcyjna (WAR:ELQ) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

7DP:Germany

Address

ulica Jagiellonska 81/83, Czestochowa, POL, 42-200

Website

http://www.el-q.com.pl

ELQ Spolka Akcyjna manufactures prefabricated transformer stations MV / LV Cabinet of concrete and metal. The company supplies, installs and commissions power devices in the area of the secondary distribution of electricity. Its products include SN switchboard Ma20, ELQUSIM station 20/630 Mkb, SOLAR station IG 20/1000, station SOLAR IP 20/630 and station 20/250.

ELQ Spolka Akcyjna (WAR:ELQ) Headlines

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ELQ Spolka Akcyjna (WAR:ELQ) Cash-to-Debt : No Debt (1) (As of Sep. 2023)