Northbaze Group AB (OSTO:NBZ) Cash-to-Debt : 0.49 (As of Sep. 2023)

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What is Northbaze 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. Northbaze Group AB's cash to debt ratio for the quarter that ended in Sep. 2023 was 0.49.

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

OSTO:NBZ' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.03 Med: 0.5 Max: 136.34
Current: 0.49

During the past 13 years, Northbaze Group AB's highest Cash to Debt Ratio was 136.34. The lowest was 0.03. And the median was 0.50.

OSTO:NBZ's Cash-to-Debt is ranked worse than
73.04% of 2344 companies
in the Hardware industry
Industry Median: 1.34 vs OSTO:NBZ: 0.49

Northbaze Group AB Cash-to-Debt Historical Data

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

Northbaze Group AB Annual Data

Trend

Apr13

Apr14

Apr15

Apr16

Apr17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

Get a 7-Day Free Trial

0.39

1.08

0.47

0.56

0.52

Northbaze 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															0.69	0.52	0.37	0.53	0.49

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

For the Consumer Electronics subindustry, Northbaze 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.

Northbaze Group AB's Cash-to-Debt Distribution in the Hardware Industry

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

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

Northbaze 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.

Northbaze 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)
	=	19.63	/	(36.541	+	1.286)
	=	0.52

Northbaze 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)
	=	16.034	/	(32.361	+	0.207)
	=	0.49

Northbaze Group AB (OSTO:NBZ) 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.

Northbaze Group AB Cash-to-Debt Related Terms

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Northbaze Group AB (OSTO:NBZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Northbaze Group AB (OSTO:NBZ) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

Asogatan 121, 4F, Stockholm, SWE, 116 24

Website

https://www.jaysheadphones.com

Northbaze Group AB, formerly Jays Group AB is a Sweden based company engaged in designing, engineering, and marketing of earphones, headphones and other musical related products. The company markets its products in the international market under its own brand name. Its products include a-JAYS and q-JAYS series earphones, u-JAYS On-ear headphones, and others. The products of the company are used together with mobile phones, tablets, and media players.

Northbaze Group AB (OSTO:NBZ) Headlines

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