AAC Clyde Space AB (FRA:MKC0) Cash-to-Debt : 1.46 (As of Dec. 2023)

View and export this data going back to 2018. Start your Free Trial

What is AAC Clyde Space 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. AAC Clyde Space AB's cash to debt ratio for the quarter that ended in Dec. 2023 was 1.46.

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, AAC Clyde Space 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 AAC Clyde Space AB's Cash-to-Debt or its related term are showing as below:

FRA:MKC0' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.04 Med: 4.13 Max: 18.38
Current: 1.46

During the past 10 years, AAC Clyde Space AB's highest Cash to Debt Ratio was 18.38. The lowest was 0.04. And the median was 4.13.

FRA:MKC0's Cash-to-Debt is ranked better than
62.66% of 308 companies
in the Aerospace & Defense industry
Industry Median: 0.725 vs FRA:MKC0: 1.46

AAC Clyde Space AB Cash-to-Debt Historical Data

The historical data trend for AAC Clyde Space 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.

* Premium members only.

AAC Clyde Space AB Cash-to-Debt Chart

AAC Clyde Space AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

3.52

4.75

6.12

3.03

1.46

AAC Clyde Space AB Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															3.03	3.74	0.99	1.93	1.46

Competitive Comparison of AAC Clyde Space AB's Cash-to-Debt

For the Aerospace & Defense subindustry, AAC Clyde Space 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.

AAC Clyde Space AB's Cash-to-Debt Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, AAC Clyde Space AB's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where AAC Clyde Space AB's Cash-to-Debt falls into.

AAC Clyde Space 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.

AAC Clyde Space 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)
	=	5.323	/	(2.74	+	0.907)
	=	1.46

AAC Clyde Space 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)
	=	5.323	/	(2.74	+	0.907)
	=	1.46

AAC Clyde Space AB (FRA:MKC0) 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.

AAC Clyde Space AB Cash-to-Debt Related Terms

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

AAC Clyde Space AB (FRA:MKC0) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » AAC Clyde Space AB (FRA:MKC0) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

ACCMF:USA AAC:Sweden

Address

Dag Hammarskjolds vag 48, Uppsala Science Park, Uppsala, SWE, SE-751 83

Website

https://www.aac-clyde.space

AAC Clyde Space AB is engaged in advanced nanosatellite spacecraft, mission services, and reliable subsystems. The group has six reportable segments: AAC Clyde Space (Swedish operation); Clyde Space (Scottish operation); Hyperion Space (Netherland operation); SpaceQuest, operations in the US; Omnisys Instruments, operations in Gothenburg, Sweden; and AAC Space Africa, operations in South Africa. Its geographical segments are Sweden, the United Kingdom, the Rest of Europe, the United States, Asia, and the Rest of the world.

AAC Clyde Space AB (FRA:MKC0) Headlines

No Headlines