Nordisk Bergteknik AB (OSTO:NORB B) Cash-to-Debt : 0.05 (As of Mar. 2024)

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What is Nordisk Bergteknik 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. Nordisk Bergteknik AB's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.05.

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

OSTO:NORB B' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.04 Med: 0.13 Max: 0.55
Current: 0.05

During the past 6 years, Nordisk Bergteknik AB's highest Cash to Debt Ratio was 0.55. The lowest was 0.04. And the median was 0.13.

OSTO:NORB B's Cash-to-Debt is ranked worse than
92.5% of 1653 companies
in the Construction industry
Industry Median: 0.62 vs OSTO:NORB B: 0.05

Nordisk Bergteknik AB Cash-to-Debt Historical Data

The historical data trend for Nordisk Bergteknik 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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Nordisk Bergteknik AB Cash-to-Debt Chart

Nordisk Bergteknik AB Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.28

0.10

0.55

0.18

0.07

Nordisk Bergteknik AB Quarterly Data
	Dec18	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial												0.17	0.12	0.04	0.07	0.05

Competitive Comparison of Nordisk Bergteknik AB's Cash-to-Debt

For the Engineering & Construction subindustry, Nordisk Bergteknik 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.

Nordisk Bergteknik AB's Cash-to-Debt Distribution in the Construction Industry

For the Construction industry and Industrials sector, Nordisk Bergteknik AB's Cash-to-Debt distribution charts can be found below:

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

Nordisk Bergteknik 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.

Nordisk Bergteknik 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)
	=	108.8	/	(247.7	+	1294.6)
	=	0.07

Nordisk Bergteknik AB'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)
	=	83.3	/	(254.1	+	1294.8)
	=	0.05

Nordisk Bergteknik AB (OSTO:NORB B) 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.

Nordisk Bergteknik AB Cash-to-Debt Related Terms

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Nordisk Bergteknik AB (OSTO:NORB B) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Nordisk Bergteknik AB (OSTO:NORB B) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

9LY:Germany

Address

Östra Hamngatan 52, Gothenburg, SWE, 411 08

Website

https://www.nordiskbergteknik.se

Nordisk Bergteknik AB's business concept is to offer contracting services in infrastructure to the construction mining and construction industries within selected niches in the Nordic countries. It operates in the two business areas of Rock Handling and Foundation Solutions, which in turn are reported in the three financial segments Foundation Sweden, Rock Sweden, and Rock Norway. It generates maximum revenue from the Rock Sweden segment. Its Majority of the revenue comes from Rock Sweden. Geographic areas are Sweden, Norway, Finland, and Other Countries where the majority of revenue comes from Sweden.

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