Godsinlosen Nordic AB (FRA:83H) Cash-to-Debt : 2.10 (As of Dec. 2023)

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What is Godsinlosen Nordic AB 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. Godsinlosen Nordic AB's cash to debt ratio for the quarter that ended in Dec. 2023 was 2.10.

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, Godsinlosen Nordic AB 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 Godsinlosen Nordic AB's Cash-to-Debt or its related term are showing as below:

FRA:83H' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.2 Med: 2.1 Max: 1204.76
Current: 2.1

During the past 5 years, Godsinlosen Nordic AB's highest Cash to Debt Ratio was 1204.76. The lowest was 0.20. And the median was 2.10.

FRA:83H's Cash-to-Debt is ranked worse than
52.55% of 2801 companies
in the Software industry
Industry Median: 2.47 vs FRA:83H: 2.10

Godsinlosen Nordic AB Cash-to-Debt Historical Data

The historical data trend for Godsinlosen Nordic AB'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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Godsinlosen Nordic AB Cash-to-Debt Chart

Godsinlosen Nordic AB Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

0.28

0.20

1,202.25

8.51

2.10

Godsinlosen Nordic AB Quarterly Data
	Dec19	Mar20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial											8.51	No Debt	No Debt	No Debt	2.10

Competitive Comparison of Godsinlosen Nordic AB's Cash-to-Debt

For the Information Technology Services subindustry, Godsinlosen Nordic AB'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.

Godsinlosen Nordic AB's Cash-to-Debt Distribution in the Software Industry

For the Software industry and Technology sector, Godsinlosen Nordic AB's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Godsinlosen Nordic AB's Cash-to-Debt falls into.

Godsinlosen Nordic AB 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.

Godsinlosen Nordic AB'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)
	=	0.634	/	(0	+	0.302)
	=	2.10

Godsinlosen Nordic AB'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)
	=	0.634	/	(0	+	0.302)
	=	2.10

Godsinlosen Nordic AB (FRA:83H) 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.

Godsinlosen Nordic AB Cash-to-Debt Related Terms

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Godsinlosen Nordic AB (FRA:83H) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Godsinlosen Nordic AB (FRA:83H) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

GIAB:Sweden

Address

Handelsvagen 18, Staffanstorp, SWE, 245 22

Website

https://www.giabnordic.se

Godsinlosen Nordic AB is an innovative growth company whose business concept is to optimize product flows according to circular economic principles. The company delivers a complete solution for handling returns and complaints to e-retailers, producers and distributors in a cost-effective and sustainable way, and offers a complete circular claims settlement process to the insurance industry.

Godsinlosen Nordic AB (FRA:83H) Headlines

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