NRC Group ASA (OSL:NRC) Cash-to-Debt : 0.17 (As of Mar. 2024)

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What is NRC 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. NRC Group ASA's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.17.

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

OSL:NRC' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.04 Med: 0.39 Max: 33.44
Current: 0.17

During the past 13 years, NRC Group ASA's highest Cash to Debt Ratio was 33.44. The lowest was 0.04. And the median was 0.39.

OSL:NRC's Cash-to-Debt is ranked worse than
74.27% of 964 companies
in the Transportation industry
Industry Median: 0.49 vs OSL:NRC: 0.17

NRC Group ASA Cash-to-Debt Historical Data

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

NRC Group ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.09

0.35

0.41

0.33

NRC Group ASA 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															0.28	0.31	0.26	0.33	0.17

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

For the Railroads subindustry, NRC 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.

NRC Group ASA's Cash-to-Debt Distribution in the Transportation Industry

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

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

NRC 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.

NRC 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)
	=	369	/	(217	+	913)
	=	0.33

NRC Group ASA'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)
	=	177	/	(196	+	848)
	=	0.17

NRC Group ASA (OSL:NRC) 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.

NRC Group ASA Cash-to-Debt Related Terms

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NRC Group ASA (OSL:NRC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » NRC Group ASA (OSL:NRC) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

8NR:Germany

Address

Lysaker Torg 25, Lysaker, NOR, 1366

Website

https://www.nrcgroup.com

NRC Group ASA is a contractor of rail infrastructure. It offers delivers the complete value chain and in-house capabilities for the prioritized markets of rail construction, civil construction, rail maintenance, and environmental services Its services include groundworks, concrete works, fiber, and environmental services such as water and wastewater, demolition, recycling, and bulk transport. It has three operating segments based on its geography Norway, Sweden, and Finland, each segment consists of three operating divisions Norway Operates in Rail construction, Civil construction, and Environment, Sweden operates in Rail construction, Rail maintenance, and Civil Construction and Finland Rail construction, Rail maintenance, and Materials.