Klaveness Combination Carriers ASA (FRA:36K) Cash-to-Debt : 0.23 (As of Sep. 2024)

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What is Klaveness Combination Carriers 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. Klaveness Combination Carriers ASA's cash to debt ratio for the quarter that ended in Sep. 2024 was 0.23.

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, Klaveness Combination Carriers ASA couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

The historical rank and industry rank for Klaveness Combination Carriers ASA's Cash-to-Debt or its related term are showing as below:

FRA:36K' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.08 Med: 0.26 Max: 1.14
Current: 0.23

During the past 9 years, Klaveness Combination Carriers ASA's highest Cash to Debt Ratio was 1.14. The lowest was 0.08. And the median was 0.26.

FRA:36K's Cash-to-Debt is ranked worse than
67.5% of 963 companies
in the Transportation industry
Industry Median: 0.46 vs FRA:36K: 0.23

Klaveness Combination Carriers ASA Cash-to-Debt Historical Data

The historical data trend for Klaveness Combination Carriers 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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Klaveness Combination Carriers ASA Cash-to-Debt Chart

Klaveness Combination Carriers ASA Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.25

0.21

0.15

0.20

0.27

Klaveness Combination Carriers ASA 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															0.26	0.27	0.26	0.33	0.23

Competitive Comparison of Klaveness Combination Carriers ASA's Cash-to-Debt

For the Marine Shipping subindustry, Klaveness Combination Carriers 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.

Klaveness Combination Carriers ASA's Cash-to-Debt Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Klaveness Combination Carriers ASA's Cash-to-Debt distribution charts can be found below:

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

Klaveness Combination Carriers 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.

Klaveness Combination Carriers 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)
	=	62.258	/	(24.189	+	203.328)
	=	0.27

Klaveness Combination Carriers ASA's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	46.243	/	(23.053	+	180.586)
	=	0.23

Klaveness Combination Carriers ASA (FRA:36K) 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.

Klaveness Combination Carriers ASA Cash-to-Debt Related Terms

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Klaveness Combination Carriers ASA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Klaveness Combination Carriers ASA (FRA:36K) » Definitions » Cash-to-Debt

Traded in Other Exchanges

KCCo:Sweden KCC:Norway 36K:Germany

Address

Drammensveien 260, Oslo, NOR, 0283

Website

https://www.combinationcarriers.com

Klaveness Combination Carriers ASA is an owner and operator of combination carriers in Norway. The company has developed and refined vessel design and equipment, operational procedures, and crew training to provide customers with efficient, reliable, and high-quality shipping services. Its objective is to establish and expand a profitable combination carrier service within several regions, servicing the alumina and the petroleum/petrochemical industries.

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