5th Planet Games AS (FRA:2HG1) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is 5th Planet Games 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. 5th Planet Games AS's cash to debt ratio for the quarter that ended in Dec. 2023 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, 5th Planet Games AS could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

(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 5th Planet Games AS's Cash-to-Debt or its related term are showing as below:

FRA:2HG1' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.58 Med: 23.1 Max: No Debt
Current: No Debt

During the past 12 years, 5th Planet Games AS's highest Cash to Debt Ratio was No Debt. The lowest was 1.58. And the median was 23.10.

FRA:2HG1's Cash-to-Debt is ranked better than
99.83% of 588 companies
in the Interactive Media industry
Industry Median: 4.61 vs FRA:2HG1: No Debt

5th Planet Games AS Cash-to-Debt Historical Data

The historical data trend for 5th Planet Games 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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5th Planet Games AS Cash-to-Debt Chart

5th Planet Games AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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6.18

30.01

No Debt

5th Planet Games AS Quarterly Data
	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of 5th Planet Games AS's Cash-to-Debt

For the Electronic Gaming & Multimedia subindustry, 5th Planet Games 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.

5th Planet Games AS's Cash-to-Debt Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, 5th Planet Games AS's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where 5th Planet Games AS's Cash-to-Debt falls into.

5th Planet Games 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.

5th Planet Games AS's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

5th Planet Games AS had no debt ⁽¹⁾.

5th Planet Games AS's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

5th Planet Games AS had no debt ⁽¹⁾.

5th Planet Games AS (FRA:2HG1) 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.

5th Planet Games AS Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of 5th Planet Games AS's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

5th Planet Games AS (FRA:2HG1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » 5th Planet Games AS (FRA:2HG1) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

5PG:Norway

Address

Gothersgade 11, Copenhagen K, DNK, 1123

Website

https://www.5thplanetgames.com

5th Planet Games AS is a mobile game development and publishing company based in Denmark. The company's games are available on the platforms like iOS, Android, Windows, Amazon, and Facebook. Its games include Street soccer ultimate, Hugo retro mania, Hugo world, and other games. The company generates its revenue from the sale of games and in-app purchases, advertising services, and from licence income. The company operates in single segment.

5th Planet Games AS (FRA:2HG1) Headlines

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5th Planet Games AS (FRA:2HG1) Cash-to-Debt : No Debt (1) (As of Dec. 2023)