GomSpace Group AB (OSTO:GOMX) Cash-to-Debt : 0.45 (As of Sep. 2023)

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What is GomSpace 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. GomSpace Group AB's cash to debt ratio for the quarter that ended in Sep. 2023 was 0.45.

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, GomSpace Group AB couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

The historical rank and industry rank for GomSpace Group AB's Cash-to-Debt or its related term are showing as below:

OSTO:GOMX' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.12 Med: 1.92 Max: 7.25
Current: 0.45

During the past 9 years, GomSpace Group AB's highest Cash to Debt Ratio was 7.25. The lowest was 0.12. And the median was 1.92.

OSTO:GOMX's Cash-to-Debt is ranked worse than
59.09% of 308 companies
in the Aerospace & Defense industry
Industry Median: 0.68 vs OSTO:GOMX: 0.45

GomSpace Group AB Cash-to-Debt Historical Data

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

GomSpace Group AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

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6.87

1.35

2.17

1.79

0.30

GomSpace Group AB Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial															0.50	0.30	0.25	0.52	0.45

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

For the Aerospace & Defense subindustry, GomSpace 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.

GomSpace Group AB's Cash-to-Debt Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, GomSpace Group AB's Cash-to-Debt distribution charts can be found below:

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

GomSpace 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.

GomSpace Group AB'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)
	=	33.097	/	(69.639	+	39.267)
	=	0.30

GomSpace Group AB's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	45.876	/	(17.226	+	84.358)
	=	0.45

GomSpace Group AB (OSTO:GOMX) 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.

GomSpace Group AB Cash-to-Debt Related Terms

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GomSpace Group AB (OSTO:GOMX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » GomSpace Group AB (OSTO:GOMX) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

1G2:Germany

Address

Ulls Vag 29A, Uppsala, SWE, SE-756 51

Website

https://gomspace.com

GomSpace Group AB develops and commercializes nano-satellites. It provides turn-key solutions to enable space-based businesses including solutions for IoT, communication, tracking, surveillance, and remote sensing. The company also offers professional nano-satellite turn-key solutions, platforms, commercial off the shelf sub-systems, software modules, and off-the-shelf payloads for tracking or deliver payloads to customer requirements based on radio technology building blocks. Its business areas are Academia, Commercial, Defense, and Science operating geographically in Sweden, Denmark, other parts of Europe, the United States, Asia and Rest of the world. The company earns Majority of its revenue comes from Denmark.

GomSpace Group AB (OSTO:GOMX) Headlines

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