Merus Power Oyj (OHEL:MERUS) Cash-to-Debt : 0.65 (As of Dec. 2023)

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What is Merus Power Oyj 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. Merus Power Oyj's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.65.

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, Merus Power Oyj couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

OHEL:MERUS' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.39 Med: 1.01 Max: 3.46
Current: 0.65

During the past 6 years, Merus Power Oyj's highest Cash to Debt Ratio was 3.46. The lowest was 0.39. And the median was 1.01.

OHEL:MERUS's Cash-to-Debt is ranked worse than
62.36% of 3002 companies
in the Industrial Products industry
Industry Median: 1.185 vs OHEL:MERUS: 0.65

Merus Power Oyj Cash-to-Debt Historical Data

The historical data trend for Merus Power Oyj'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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Merus Power Oyj Cash-to-Debt Chart

Merus Power Oyj Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

0.43

0.39

3.46

1.38

0.65

Merus Power Oyj Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial					3.46	4.87	1.38	0.72	0.65

Competitive Comparison of Merus Power Oyj's Cash-to-Debt

For the Specialty Industrial Machinery subindustry, Merus Power Oyj'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.

Merus Power Oyj's Cash-to-Debt Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Merus Power Oyj's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Merus Power Oyj's Cash-to-Debt falls into.

Merus Power Oyj 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.

Merus Power Oyj'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)
	=	2.615	/	(2.213	+	1.803)
	=	0.65

Merus Power Oyj'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)
	=	2.615	/	(2.213	+	1.803)
	=	0.65

Merus Power Oyj (OHEL:MERUS) 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.

Merus Power Oyj Cash-to-Debt Related Terms

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

Merus Power Oyj (OHEL:MERUS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Merus Power Oyj (OHEL:MERUS) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

99H:Germany

Address

Pirkkalaistie 1, Nokia, FIN, 37100

Website

https://www.meruspower.fi

Merus Power Oyj Is engaged in the design, manufacturing and sale of domestic innovative electricity storage, power quality solutions and services. The company's business is based on scalable and modular power electronics, intelligent software technologies and electrical engineering expertise.

Merus Power Oyj (OHEL:MERUS) Headlines

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