CodeLab Capital AS (OSL:CODE) Cash-to-Debt : No Debt ⁽¹⁾ (As of Mar. 2024)

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What is CodeLab Capital AS 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. CodeLab Capital AS's cash to debt ratio for the quarter that ended in Mar. 2024 was No Debt ⁽¹⁾.

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, CodeLab Capital AS could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

(1) 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.

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

OSL:CODE' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.17 Med: 1.09 Max: No Debt
Current: No Debt

During the past 5 years, CodeLab Capital AS's highest Cash to Debt Ratio was No Debt. The lowest was 0.17. And the median was 1.09.

OSL:CODE's Cash-to-Debt is ranked better than
99.55% of 664 companies
in the Healthcare Providers & Services industry
Industry Median: 0.7 vs OSL:CODE: No Debt

CodeLab Capital AS Cash-to-Debt Historical Data

The historical data trend for CodeLab Capital AS'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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CodeLab Capital AS Cash-to-Debt Chart

CodeLab Capital AS Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

0.50

0.17

1.83

1.13

0.26

CodeLab Capital AS Quarterly Data
	Dec18	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial												0.49	0.26	N/A	No Debt	No Debt

Competitive Comparison of CodeLab Capital AS's Cash-to-Debt

For the Health Information Services subindustry, CodeLab Capital AS'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.

CodeLab Capital AS's Cash-to-Debt Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, CodeLab Capital AS's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where CodeLab Capital AS's Cash-to-Debt falls into.

CodeLab Capital AS 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.

CodeLab Capital AS'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)
	=	55.788	/	(0	+	217.491)
	=	0.26

CodeLab Capital AS's Cash to Debt Ratio for the quarter that ended in Mar. 2024 is calculated as:

CodeLab Capital AS had no debt ⁽¹⁾.

CodeLab Capital AS (OSL:CODE) 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.

CodeLab Capital AS Cash-to-Debt Related Terms

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CodeLab Capital AS (OSL:CODE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » CodeLab Capital AS (OSL:CODE) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

P99:Germany

Address

Tjuvholmen alle 3, Oslo, NOR, 0252

Website

https://www.codelabcapital.com

CodeLab Capital AS is a provider of healthcare solutions. It offers a cloud-based platform for patients, healthcare professionals, and therapists to manage their day-to-day activities. The company has three business units: the Norwegian SaaS business; the App; and the International business.

CodeLab Capital AS (OSL:CODE) Headlines

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CodeLab Capital AS (OSL:CODE) Cash-to-Debt : No Debt (1) (As of Mar. 2024)