Aker ASA (Aker ASA) Cash-to-Debt : 0.28 (As of Dec. 2023)

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What is Aker ASA 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. Aker ASA's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.28.

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

AKAAF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.16 Med: 0.28 Max: 0.46
Current: 0.28

During the past 13 years, Aker ASA's highest Cash to Debt Ratio was 0.46. The lowest was 0.16. And the median was 0.28.

AKAAF's Cash-to-Debt is ranked worse than
63.98% of 522 companies
in the Conglomerates industry
Industry Median: 0.48 vs AKAAF: 0.28

Aker ASA Cash-to-Debt Historical Data

The historical data trend for Aker ASA'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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Aker ASA Cash-to-Debt Chart

Aker ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.25

0.16

0.46

0.37

0.28

Aker ASA Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															0.46	0.51	0.37	0.34	0.28

Competitive Comparison of Aker ASA's Cash-to-Debt

For the Conglomerates subindustry, Aker ASA'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.

Aker ASA's Cash-to-Debt Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Aker ASA's Cash-to-Debt distribution charts can be found below:

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

Aker ASA 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.

Aker ASA'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)
	=	798.244	/	(361.727	+	2514.551)
	=	0.28

Aker ASA'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)
	=	798.244	/	(361.727	+	2514.551)
	=	0.28

Aker ASA (OTCPK:AKAAF) 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.

Aker ASA Cash-to-Debt Related Terms

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

Aker ASA (Aker ASA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Aker ASA (OTCPK:AKAAF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

AKERo:Sweden AKER:Norway AKERo:UK 0MJX:UK FKM:Germany

Address

Oksenoyveien 10, Lysaker, Oslo, NOR, 1366

Website

https://www.akerasa.com

Aker ASA is an industrial investment company that develops businesses and exercises active ownership to create value for its shareholders and society at large. The portfolio has focused on companies in oil and gas, maritime assets, seafood/marine biotechnology, and real estate sectors. Investments are broken down into two portfolios; Industrial holdings are strategic assets and are managed with a long-term perspective. It comprises Aker's ownership interests in Aker BP, Aker Energy, Aker Solutions, Aker Horizons, Aker BioMarine, SalMar Aker Ocean, Cognite, and Aize, and Financial investments comprise cash, other assets, and the listed companies Akastor, AMSC, Philly Shipyard, and Solstad Offshore, in addition to ICP and Aker Property Group.

Aker ASA (Aker ASA) Headlines

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