GreenMobility AS (FRA:2G9) Cash-to-Debt : 0.07 (As of Jun. 2024)

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What is GreenMobility 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. GreenMobility AS's cash to debt ratio for the quarter that ended in Jun. 2024 was 0.07.

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, GreenMobility AS couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2024.

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

FRA:2G9' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.04 Med: 0.26 Max: No Debt
Current: 0.07

During the past 10 years, GreenMobility AS's highest Cash to Debt Ratio was No Debt. The lowest was 0.04. And the median was 0.26.

FRA:2G9's Cash-to-Debt is ranked worse than
88.53% of 1055 companies
in the Business Services industry
Industry Median: 1.02 vs FRA:2G9: 0.07

GreenMobility AS Cash-to-Debt Historical Data

The historical data trend for GreenMobility 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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GreenMobility AS Cash-to-Debt Chart

GreenMobility AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.48

0.43

1.18

0.22

0.21

GreenMobility AS Semi-Annual Data
	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Cash-to-Debt	Get a 7-Day Free Trial													0.26	0.22	0.07	0.21	0.07

Competitive Comparison of GreenMobility AS's Cash-to-Debt

For the Rental & Leasing Services subindustry, GreenMobility 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.

GreenMobility AS's Cash-to-Debt Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, GreenMobility AS's Cash-to-Debt distribution charts can be found below:

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

GreenMobility 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.

GreenMobility 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)
	=	4.86	/	(6.631	+	16.387)
	=	0.21

GreenMobility AS's Cash to Debt Ratio for the quarter that ended in Jun. 2024 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)
	=	1.606	/	(8.217	+	13.346)
	=	0.07

GreenMobility AS (FRA:2G9) 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.

GreenMobility AS Cash-to-Debt Related Terms

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

GreenMobility AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » GreenMobility AS (FRA:2G9) » Definitions » Cash-to-Debt

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GREENM:Denmark

Address

Landgreven 3, 4. floor, Copenhagen, DNK, 1301

Website

https://www.greenmobility.com

GreenMobility AS offers modern urbanites easy, flexible and sustainable transport in the form of electric, shared city cars. Users have access to these cars via the GreenMobility app. Trips are paid per minute, through minute packages, or on daily basis. GreenMobility operates a total of 1600 EVs in Copenhagen, Aarhus, Malmo, Gothenburg, Antwerp, Gent and Helsinki. More than 200,000 people have signed up with GreenMobility. The company sees a rapidly growing market for car sharing in large cities that demand green transport for their citizens and to reduce the number of private cars. Geographically it derives key revenue from domestic sales in Denmark.

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