Noratis AG (HAM:NUVA) Cash-to-Debt : 0.30 (As of Jun. 2023)

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What is Noratis 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. Noratis AG's cash to debt ratio for the quarter that ended in Jun. 2023 was 0.30.

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, Noratis AG couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2023.

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

HAM:NUVA' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.03 Med: 0.16 Max: 1.93
Current: 0.3

During the past 8 years, Noratis AG's highest Cash to Debt Ratio was 1.93. The lowest was 0.03. And the median was 0.16.

HAM:NUVA's Cash-to-Debt is ranked better than
53.99% of 1793 companies
in the Real Estate industry
Industry Median: 0.26 vs HAM:NUVA: 0.30

Noratis AG Cash-to-Debt Historical Data

The historical data trend for Noratis 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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Noratis AG Cash-to-Debt Chart

Noratis AG Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

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1.93

1.70

0.11

0.03

Noratis AG Semi-Annual Data
	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Cash-to-Debt	Get a 7-Day Free Trial											0.26	0.03	0.28	0.03	0.30

Competitive Comparison of Noratis AG's Cash-to-Debt

For the Real Estate - Development subindustry, Noratis 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.

Noratis AG's Cash-to-Debt Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Noratis AG's Cash-to-Debt distribution charts can be found below:

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

Noratis 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.

Noratis AG'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)
	=	12.338	/	(29.299	+	369.391)
	=	0.03

Noratis AG's Cash to Debt Ratio for the quarter that ended in Jun. 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)
	=	12.131	/	(1.469	+	39.408)
	=	0.30

Noratis AG (HAM:NUVA) 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.

Noratis AG Cash-to-Debt Related Terms

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Noratis AG (HAM:NUVA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Noratis AG (HAM:NUVA) » Definitions » Cash-to-Debt

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Traded in Other Exchanges

NUVA:Germany

Address

Hauptstrasse 129, Eschborn, HE, DEU, 65760

Website

https://www.noratis.de

Noratis AG is a developer of residential property portfolios. The company invests in residential properties with technical and commercial development potential in Germany, mainly in small and medium-sized towns or on the outskirts of metropolitan areas. The Company specializes in the upgrading of ageing residential portfolios, mostly company-owned apartments, residential areas or housing estates in cities with more than 10,000 inhabitants and in peripheral areas of conurbations.