Infortar AS (OTSE:INF1T) Cash-to-Debt : 0.20 (As of Dec. 2023)

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What is Infortar AS 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. Infortar AS's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.20.

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, Infortar AS 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 Infortar AS's Cash-to-Debt or its related term are showing as below:

OTSE:INF1T' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.09 Med: 0.14 Max: 0.2
Current: 0.2

During the past 4 years, Infortar AS's highest Cash to Debt Ratio was 0.20. The lowest was 0.09. And the median was 0.14.

OTSE:INF1T's Cash-to-Debt is ranked worse than
76.73% of 1448 companies
in the Asset Management industry
Industry Median: 5.72 vs OTSE:INF1T: 0.20

Infortar AS Cash-to-Debt Historical Data

The historical data trend for Infortar AS'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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Infortar AS Cash-to-Debt Chart

Infortar AS Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

0.09

0.13

0.14

0.20

Infortar AS Semi-Annual Data
	Dec20	Dec21	Dec22	Dec23
Cash-to-Debt	0.09	0.13	0.14	0.20

Competitive Comparison of Infortar AS's Cash-to-Debt

For the Asset Management subindustry, Infortar AS'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.

Infortar AS's Cash-to-Debt Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Infortar AS's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Infortar AS's Cash-to-Debt falls into.

Infortar AS 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.

Infortar AS'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)
	=	87.115	/	(186.025	+	255.135)
	=	0.20

Infortar AS'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)
	=	87.115	/	(186.025	+	255.135)
	=	0.20

Infortar AS (OTSE:INF1T) 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.

Infortar AS Cash-to-Debt Related Terms

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Infortar AS (OTSE:INF1T) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Infortar AS (OTSE:INF1T) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

X8K:Germany

Address

Sadama 5, Tallinn, EST, 10111

Website

https://www.infortar.ee

Infortar AS is an investment holding company in the Baltics. The group focus is on four segment areas which are energy, shipping, real estate, and others. Energy segment consisting of natural gas and electricity trade and sale, natural gas distribution service, sale and bunkering of liquefied natural gas, sale of compressed gas, biomethane production, and solar electricity production, Real estate segment consisting of hotels, office buildings, logistics center, and other real estate object, and Other segment which predominantly includes construction, drug and pharmacy wholesale, building materials, printing, taxicab, and other activities.

Infortar AS (OTSE:INF1T) Headlines

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