Nixu Oyj (OHEL:NIXU) Cash-to-Debt : 0.54 (As of Jun. 2023)

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What is Nixu 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. Nixu Oyj's cash to debt ratio for the quarter that ended in Jun. 2023 was 0.54.

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, Nixu Oyj 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 Nixu Oyj's Cash-to-Debt or its related term are showing as below:

OHEL:NIXU' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.36 Med: 0.77 Max: No Debt
Current: 0.54

During the past 12 years, Nixu Oyj's highest Cash to Debt Ratio was No Debt. The lowest was 0.36. And the median was 0.77.

OHEL:NIXU's Cash-to-Debt is not ranked
in the Software industry.
Industry Median: 2.42 vs OHEL:NIXU: 0.54

Nixu Oyj Cash-to-Debt Historical Data

The historical data trend for Nixu 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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Nixu Oyj Cash-to-Debt Chart

Nixu Oyj Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

Get a 7-Day Free Trial

1.29

0.36

0.73

0.56

0.51

Nixu Oyj Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	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															0.74	0.56	0.45	0.51	0.54

Competitive Comparison of Nixu Oyj's Cash-to-Debt

For the Information Technology Services subindustry, Nixu 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.

Nixu Oyj's Cash-to-Debt Distribution in the Software Industry

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

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

Nixu 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.

Nixu Oyj'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)
	=	3.562	/	(4.608	+	2.442)
	=	0.51

Nixu Oyj'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)
	=	3.544	/	(1.35	+	5.233)
	=	0.54

Nixu Oyj (OHEL:NIXU) 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.

Nixu Oyj Cash-to-Debt Related Terms

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

Nixu Oyj (OHEL:NIXU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Nixu Oyj (OHEL:NIXU) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Keilaranta 15 B, Espoo, FIN, 02151

Website

https://www.nixu.com

Nixu Oyj operates as a cybersecurity services company. The company is a cybersecurity partner for its clients, providing solutions to ensure business continuity, easy and secure access to digital services, and data protection. The company provides a wide range of cybersecurity consultancy services and continuous services and sells licenses to both business enterprises and the public sector. The solutions provided by the company include the following service concepts: business digitalization; cyber defense; cybersecurity outsourcing; cloud security, safety, and reliability; compliance and certification; and security for connected devices. The service concepts and customer contracts include Projects and assignments, Total continuous services and Technology resell.

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