Siemens Gamesa Renewable Energy (XMAD:SGRE) Cash-to-Debt : 0.46 (As of Dec. 2022)

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What is Siemens Gamesa Renewable Energy 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. Siemens Gamesa Renewable Energy's cash to debt ratio for the quarter that ended in Dec. 2022 was 0.46.

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, Siemens Gamesa Renewable Energy couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2022.

The historical rank and industry rank for Siemens Gamesa Renewable Energy's Cash-to-Debt or its related term are showing as below:

XMAD:SGRE' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.42 Med: 0.95 Max: No Debt
Current: 0.46

During the past 13 years, Siemens Gamesa Renewable Energy's highest Cash to Debt Ratio was No Debt. The lowest was 0.42. And the median was 0.95.

XMAD:SGRE's Cash-to-Debt is not ranked
in the Industrial Products industry.
Industry Median: 1.22 vs XMAD:SGRE: 0.46

Siemens Gamesa Renewable Energy Cash-to-Debt Historical Data

The historical data trend for Siemens Gamesa Renewable Energy'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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Siemens Gamesa Renewable Energy Cash-to-Debt Chart

Siemens Gamesa Renewable Energy Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Sep18

Sep19

Sep20

Sep21

Sep22

Cash-to-Debt

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1.39

2.16

1.04

0.94

0.58

Siemens Gamesa Renewable Energy Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22
Cash-to-Debt	Get a 7-Day Free Trial															0.67	0.42	0.44	0.58	0.46

Competitive Comparison of Siemens Gamesa Renewable Energy's Cash-to-Debt

For the Specialty Industrial Machinery subindustry, Siemens Gamesa Renewable Energy'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.

Siemens Gamesa Renewable Energy's Cash-to-Debt Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Siemens Gamesa Renewable Energy's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Siemens Gamesa Renewable Energy's Cash-to-Debt falls into.

Siemens Gamesa Renewable Energy 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.

Siemens Gamesa Renewable Energy's Cash to Debt Ratio for the fiscal year that ended in Sep. 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)
	=	1431.841	/	(546.193	+	1927.097)
	=	0.58

Siemens Gamesa Renewable Energy's Cash to Debt Ratio for the quarter 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)
	=	1444	/	(1322	+	1800)
	=	0.46

Siemens Gamesa Renewable Energy (XMAD:SGRE) 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.

Siemens Gamesa Renewable Energy Cash-to-Debt Related Terms

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Siemens Gamesa Renewable Energy (XMAD:SGRE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Siemens Gamesa Renewable Energy SA (XMAD:SGRE) » Definitions » Cash-to-Debt

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Traded in Other Exchanges

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Address

Parque Tecnologico de Bizkaia, Building 222, Vizcaya, Zamudio, ESP, 48170

Website

https://www.siemensgamesa.com

Siemens Gamesa is a leading manufacturer of onshore and offshore wind turbines. The company is the product of the merger between Siemens Wind Power and Gamesa in 2017. The firm operates in two business segments: wind turbines and services. Siemens Gamesa retained its position as the leading installer of offshore turbines in 2020. Siemens Energy (a recent spinoff from Siemens AG) has announced the takeover and delisting of Siemens Gamesa.

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