2G Energy AG (XTER:2GB) Cash-to-Debt : 1.51 (As of Dec. 2023)

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What is 2G Energy AG 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. 2G Energy AG's cash to debt ratio for the quarter that ended in Dec. 2023 was 1.51.

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, 2G Energy AG could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for 2G Energy AG's Cash-to-Debt or its related term are showing as below:

XTER:2GB' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.01 Med: 1.94 Max: 3.75
Current: 1.51

During the past 13 years, 2G Energy AG's highest Cash to Debt Ratio was 3.75. The lowest was 1.01. And the median was 1.94.

XTER:2GB's Cash-to-Debt is ranked better than
54.53% of 3002 companies
in the Industrial Products industry
Industry Median: 1.185 vs XTER:2GB: 1.51

2G Energy AG Cash-to-Debt Historical Data

The historical data trend for 2G Energy AG'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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2G Energy AG Cash-to-Debt Chart

2G Energy AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

1.01

2.02

3.75

2.13

1.51

2G Energy AG Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															3.75	1.29	2.13	1.07	1.51

Competitive Comparison of 2G Energy AG's Cash-to-Debt

For the Specialty Industrial Machinery subindustry, 2G Energy AG'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.

2G Energy AG's Cash-to-Debt Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, 2G Energy AG's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where 2G Energy AG's Cash-to-Debt falls into.

2G Energy AG 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.

2G Energy AG'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)
	=	12.565	/	(2.708	+	5.599)
	=	1.51

2G Energy AG'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)
	=	12.565	/	(2.708	+	5.599)
	=	1.51

2G Energy AG (XTER:2GB) 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.

2G Energy AG Cash-to-Debt Related Terms

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2G Energy AG (XTER:2GB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » 2G Energy AG (XTER:2GB) » Definitions » Cash-to-Debt

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Traded in Other Exchanges

2GB:Germany 2GB:Germany

Address

Benzstrasse 3, Heek, NW, DEU, 48619

Website

https://www.2-g.de

2G Energy AG is a Germany based company manufacturer and provider of decentralized energy supply systems. The group through development, production, and technical installation, as well as digital grid integration, combined heat and power systems (CHP), offers comprehensive solutions for combined heat and power generation. The product range of the company includes CHP modules for operation deploying natural gas, biogas, other lean gases, and hydrogen. The company's products have applications in sectors like Chemical and pharmaceutical industries, Horticultural, shopping centers, landfills, hotels, heating networks, swimming pools, and others. The group has business operations in Germany and internationally, of which the majority of the revenue is derived from the operations in Germany.

Executives

Dr. Lukas Lenz

Supervisory Board

2G Energy AG (XTER:2GB) Headlines

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