Nelly Group AB (LTS:0O6Z) Cash-to-Debt : 0.46 (As of Mar. 2024)

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What is Nelly Group 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. Nelly Group AB's cash to debt ratio for the quarter that ended in Mar. 2024 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, Nelly Group AB couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

LTS:0O6Z' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.12 Med: 0.9 Max: No Debt
Current: 0.46

During the past 13 years, Nelly Group AB's highest Cash to Debt Ratio was No Debt. The lowest was 0.12. And the median was 0.90.

LTS:0O6Z's Cash-to-Debt is ranked better than
50% of 1106 companies
in the Retail - Cyclical industry
Industry Median: 0.46 vs LTS:0O6Z: 0.46

Nelly Group AB Cash-to-Debt Historical Data

The historical data trend for Nelly Group 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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Nelly Group AB Cash-to-Debt Chart

Nelly Group AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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1.70

5.83

0.62

0.33

0.53

Nelly Group AB Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															0.12	0.53	0.42	0.53	0.46

Competitive Comparison of Nelly Group AB's Cash-to-Debt

For the Internet Retail subindustry, Nelly Group 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.

Nelly Group AB's Cash-to-Debt Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Nelly Group AB's Cash-to-Debt distribution charts can be found below:

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

Nelly Group 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.

Nelly Group 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)
	=	151.1	/	(100.3	+	183.3)
	=	0.53

Nelly Group AB's Cash to Debt Ratio for the quarter that ended in Mar. 2024 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)
	=	126	/	(98.3	+	177.8)
	=	0.46

Nelly Group AB (LTS:0O6Z) 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.

Nelly Group AB Cash-to-Debt Related Terms

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

Nelly Group AB (LTS:0O6Z) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Nelly Group AB (LTS:0O6Z) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

NELLY:Sweden CD20:Germany

Address

c/o Nelly NLY AB, P.O. Box 690, Boras, SWE, SE-501 13

Website

https://www.nellygroup.com

Nelly Group AB is active in the retail industry. The company offers a wide range of fashion and accessories to mainly young women in the Nordic region. At the core is the own brand Nelly, which is marketed and sold in combination with a well-composed portfolio of external brands. Nelly sells directly to its target group via digital channels, primarily Nelly.com. The company operates from Boras.

Nelly Group AB (LTS:0O6Z) Headlines

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