ABL Group ASA (OSL:ABL) Cash-to-Debt : 1.43 (As of Dec. 2023)

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What is ABL Group ASA 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. ABL Group ASA's cash to debt ratio for the quarter that ended in Dec. 2023 was 1.43.

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, ABL Group ASA 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 ABL Group ASA's Cash-to-Debt or its related term are showing as below:

OSL:ABL' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.28 Med: 5002.28 Max: No Debt
Current: 1.43

During the past 11 years, ABL Group ASA's highest Cash to Debt Ratio was No Debt. The lowest was 1.28. And the median was 5002.28.

OSL:ABL's Cash-to-Debt is ranked better than
55.5% of 1063 companies
in the Business Services industry
Industry Median: 1.01 vs OSL:ABL: 1.43

ABL Group ASA Cash-to-Debt Historical Data

The historical data trend for ABL Group ASA'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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ABL Group ASA Cash-to-Debt Chart

ABL Group ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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4.56

1.53

1.28

1.39

1.43

ABL Group ASA Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Jun19	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															1.39	1.39	1.28	1.38	1.43

Competitive Comparison of ABL Group ASA's Cash-to-Debt

For the Specialty Business Services subindustry, ABL Group ASA'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.

ABL Group ASA's Cash-to-Debt Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, ABL Group ASA's Cash-to-Debt distribution charts can be found below:

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

ABL Group ASA 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.

ABL Group ASA'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)
	=	295.89	/	(134.653	+	71.746)
	=	1.43

ABL Group ASA'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)
	=	295.89	/	(134.653	+	71.746)
	=	1.43

ABL Group ASA (OSL:ABL) 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.

ABL Group ASA Cash-to-Debt Related Terms

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ABL Group ASA (OSL:ABL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » ABL Group ASA (OSL:ABL) » Definitions » Cash-to-Debt

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AQUAo:Sweden

Address

10 Lower Thames Street, 1st Floor, Northern and Shell Building, London, GBR, EC3R 6EN

Website

https://www.abl-group.com

ABL Group ASA is an independent energy and marine consultant working in energy and oceans to de-risk and drive the energy transition across the renewables, maritime, and oil and gas sectors, offering its clients expertise across marine, engineering, and adjusting disciplines from more than 300 locations world wide. It has offices majorly in marine and offshore energy hubs in countries across Europe, Africa, the Americas, the Middle East, Asia, and Australia.