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

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


View and export this data going back to 2008. Start your Free Trial

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

CHIX:SKFBs' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.32   Med: No Debt   Max: No Debt
Current: 0.48

During the past 13 years, SKF AB's highest Cash to Debt Ratio was No Debt. The lowest was 0.32. And the median was No Debt.

CHIX:SKFBs's Cash-to-Debt is ranked worse than
67.18% of 2992 companies
in the Industrial Products industry
Industry Median: 1.18 vs CHIX:SKFBs: 0.48

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 Cash-to-Debt Chart

SKF AB Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cash-to-Debt
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.63 0.82 0.71 0.53 0.62

SKF 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only No Debt 0.62 No Debt No Debt No Debt

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

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's Cash-to-Debt Distribution in the Industrial Products Industry

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:

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

SKF AB had no debt (1).

* 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.


SKF AB  (CHIX:SKFBs) 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 Business Description

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

SKF AB Headlines

No Headlines