J.Molner AS (OTSE:MOLNR) Cash-to-Debt : 0.04 (As of Dec. 2023)

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What is J.Molner 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. J.Molner AS's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.04.

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

OTSE:MOLNR' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.04 Med: 0.4 Max: 0.56
Current: 0.04

During the past 3 years, J.Molner AS's highest Cash to Debt Ratio was 0.56. The lowest was 0.04. And the median was 0.40.

OTSE:MOLNR's Cash-to-Debt is ranked worse than
92.44% of 1019 companies
in the Drug Manufacturers industry
Industry Median: 0.93 vs OTSE:MOLNR: 0.04

J.Molner AS Cash-to-Debt Historical Data

The historical data trend for J.Molner 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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J.Molner AS Cash-to-Debt Chart

J.Molner AS Annual Data

Trend

Dec21

Dec22

Dec23

Cash-to-Debt

0.40

0.56

0.04

J.Molner AS Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	0.40	0.76	0.56	0.56	0.04

Competitive Comparison of J.Molner AS's Cash-to-Debt

For the Drug Manufacturers - Specialty & Generic subindustry, J.Molner 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.

J.Molner AS's Cash-to-Debt Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, J.Molner AS's Cash-to-Debt distribution charts can be found below:

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

J.Molner 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.

J.Molner 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)
	=	0.093	/	(0.268	+	1.911)
	=	0.04

J.Molner 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)
	=	0.093	/	(0.268	+	1.911)
	=	0.04

J.Molner AS (OTSE:MOLNR) 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.

J.Molner AS Cash-to-Debt Related Terms

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J.Molner AS (OTSE:MOLNR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » J.Molner AS (OTSE:MOLNR) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

Akadeemia tee 21/5, Harju maakond, Tallinn, EST, 12618

Website

https://www.jmolner.com

J.Molner AS is an Estonia-based company. The company is engaged in research and development in the field of biotechnology. The activities of the Company are divided into two fields: 1) Chemistry analytical and development services for third parties; 2) Development of the Company's own line of generic pharmaceuticals.

J.Molner AS (OTSE:MOLNR) Headlines

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