Industrivarden AB (CHIX:INDUCS) Cash-to-Debt : No Debt ⁽¹⁾ (As of Sep. 2024)

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What is Industrivarden 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. Industrivarden AB's cash to debt ratio for the quarter that ended in Sep. 2024 was No Debt ⁽¹⁾.

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, Industrivarden AB could pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

(1) 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.

The historical rank and industry rank for Industrivarden AB's Cash-to-Debt or its related term are showing as below:

CHIX:INDUCs' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.1 Max: No Debt
Current: 0.13

During the past 13 years, Industrivarden AB's highest Cash to Debt Ratio was No Debt. The lowest was 0.01. And the median was 0.10.

CHIX:INDUCs's Cash-to-Debt is ranked worse than
80.47% of 1454 companies
in the Asset Management industry
Industry Median: 5.505 vs CHIX:INDUCs: 0.13

Industrivarden AB Cash-to-Debt Historical Data

The historical data trend for Industrivarden 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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Industrivarden AB Cash-to-Debt Chart

Industrivarden AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.01

0.10

0.11

Industrivarden AB Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	0.11	No Debt	No Debt	No Debt

Competitive Comparison of Industrivarden AB's Cash-to-Debt

For the Asset Management subindustry, Industrivarden 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.

Industrivarden AB's Cash-to-Debt Distribution in the Asset Management Industry

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

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

Industrivarden AB Cash-to-Debt Calculation

This is the ratio of a company's Balance Sheet Cash And Cash Equivalents 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.

Industrivarden AB's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	869	/	(0	+	8200)
	=	0.11

Industrivarden AB's Cash to Debt Ratio for the quarter that ended in Sep. 2024 is calculated as:

Industrivarden AB had no debt ⁽¹⁾.

Industrivarden AB (CHIX:INDUCs) 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.

Industrivarden AB Cash-to-Debt Related Terms

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Industrivarden AB Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Industrivarden AB (CHIX:INDUCs) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

IDDTF:USA INDU C:Sweden INDU A:Sweden INDUAs:UK 0MHU:UK 0H13:UK IDV1:Germany

Address

Storgatan 10, P.O Box 5403, Stockholm, SWE, 114 84

Website

https://www.industrivarden.net

Industrivarden AB is an asset management firm with a long-term, activist orientation. The company's stated investment goal is to increase net asset value and generate returns in excess of the market cost of capital. Industrivarden makes investments in Nordic companies it can influence through corporate governance actions. It benchmarks its performance relative to the average return of the Stockholm Stock Exchange. The firm counts many public and private pension managers, foundations, and retail investors as its client base. Its security selection criteria emphasize enduring business models with promising growth prospects at an attractive valuation.

Industrivarden AB Headlines

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Industrivarden AB (CHIX:INDUCS) Cash-to-Debt : No Debt (1) (As of Sep. 2024)