Binero Group AB (OSTO:BINERO) Cash-to-Debt : 0.14 (As of Dec. 2023)

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What is Binero Group AB 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. Binero Group AB's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.14.

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

OSTO:BINERO' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.14 Med: 0.42 Max: 8.42
Current: 0.14

During the past 13 years, Binero Group AB's highest Cash to Debt Ratio was 8.42. The lowest was 0.14. And the median was 0.42.

OSTO:BINERO's Cash-to-Debt is ranked worse than
88.8% of 2723 companies
in the Software industry
Industry Median: 2.49 vs OSTO:BINERO: 0.14

Binero Group AB Cash-to-Debt Historical Data

The historical data trend for Binero Group AB'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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Binero Group AB Cash-to-Debt Chart

Binero Group AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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8.42

2.25

0.51

0.26

0.14

Binero Group AB Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															0.33	0.21	0.26	0.32	0.14

Competitive Comparison of Binero Group AB's Cash-to-Debt

For the Software - Infrastructure subindustry, Binero Group AB'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.

Binero Group AB's Cash-to-Debt Distribution in the Software Industry

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

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

Binero Group AB 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.

Binero Group AB'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)
	=	4.523	/	(12.405	+	19.327)
	=	0.14

Binero Group AB'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)
	=	4.523	/	(12.405	+	19.327)
	=	0.14

Binero Group AB (OSTO:BINERO) 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.

Binero Group AB Cash-to-Debt Related Terms

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

Binero Group AB (OSTO:BINERO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Binero Group AB (OSTO:BINERO) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Gustavslundsvagen 141A, Bromma, Stockholm, SWE, 167 51

Website

https://www.binerogroup.com

Binero Group AB is a Swedish provider of digital infrastructure services for small and medium-sized companies. The company's offer includes, among other things, the development and management of a company's IT infrastructure as well as its own public cloud service, called IaaS (infrastructure as a service) that goes by the name of binero cloud. The company also operates several datacenters, where the waste heat is recycled and distributed into the district heating system.

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