SKF AB (SKF AB) Cash-to-Debt

: 0.62 (As of Dec. 2023)

View and export this data going back to 1985. Start your Free Trial

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. SKF AB's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.62.

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

SKFRY' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.32 Med: 0.58 Max: 0.82
Current: 0.62

During the past 13 years, SKF AB's highest Cash to Debt Ratio was 0.82. The lowest was 0.32. And the median was 0.58.

SKFRY's Cash-to-Debt is ranked worse than
63.7% of 2997 companies
in the Industrial Products industry
Industry Median: 1.2 vs SKFRY: 0.62

SKF AB Cash-to-Debt Historical Data

The historical data trend for SKF 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.

* Premium members only.

SKF AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

0.63

0.82

0.71

0.53

0.62

SKF AB Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt																0.53	No Debt	No Debt	No Debt	0.62

Competitive Comparison

For the Tools & Accessories subindustry, SKF 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.

SKF AB Cash-to-Debt Distribution

For the Industrial Products industry and Industrials sector, SKF AB's Cash-to-Debt distribution charts can be found below:

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

SKF 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.

SKF 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)
	=	1298.257	/	(370.457	+	1709.172)
	=	0.62

SKF AB'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)
	=	1298.257	/	(370.457	+	1709.172)
	=	0.62

SKF AB (OTCPK:SKFRY) 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.

SKF AB Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of SKF AB's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

SKF AB (SKF AB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » SKF AB (OTCPK:SKFRY) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

SKUFF:USA SKF B:Sweden SKF A:Sweden SKFB:Mexico SKFBs:UK 0NWX:UK SKFA:Germany

Address

Sven Wingquists Gata 2, Gothenburg, SWE, SE-415 50

Website

https://www.skf.com

SKF's history goes back to the first major patents in ball bearings, when in 1907 it was the first to patent the self-aligning ball bearing. SKF, along with the Schaeffler Group, are the top two global ball bearing suppliers followed by Timken, NSK, NTN, and JTEKT. Combined, these six companies supply about 60% of the world's ball bearings. However, most of them have sector niches as ball bearings for industrial purposes are engineered for specific applications. SKF is based out of Sweden and has a global manufacturing footprint of 106 sites and about 17,000 global distributor locations. The firm operates under two segments: industrials, which has a fairly fragmented customer base; and automotive, which is the opposite, with a concentrated customer base including the likes of Tesla.