Paradox Interactive AB (FRA:ETA) Cash-to-Debt : 12.62 (As of Mar. 2024)

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What is Paradox Interactive 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. Paradox Interactive AB's cash to debt ratio for the quarter that ended in Mar. 2024 was 12.62.

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, Paradox Interactive AB could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

FRA:ETA' s Cash-to-Debt Range Over the Past 10 Years
Min: 2.35 Med: 10.11 Max: No Debt
Current: 12.62

During the past 10 years, Paradox Interactive AB's highest Cash to Debt Ratio was No Debt. The lowest was 2.35. And the median was 10.11.

FRA:ETA's Cash-to-Debt is ranked better than
63.03% of 587 companies
in the Interactive Media industry
Industry Median: 4.57 vs FRA:ETA: 12.62

Paradox Interactive AB Cash-to-Debt Historical Data

The historical data trend for Paradox Interactive 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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Paradox Interactive AB Cash-to-Debt Chart

Paradox Interactive AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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2.35

3.80

3.55

5.32

10.11

Paradox Interactive AB Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															6.04	6.68	6.14	10.11	12.62

Competitive Comparison of Paradox Interactive AB's Cash-to-Debt

For the Electronic Gaming & Multimedia subindustry, Paradox Interactive 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.

Paradox Interactive AB's Cash-to-Debt Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Paradox Interactive AB's Cash-to-Debt distribution charts can be found below:

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

Paradox Interactive 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.

Paradox Interactive AB'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)
	=	98.16	/	(2.913	+	6.794)
	=	10.11

Paradox Interactive AB's Cash to Debt Ratio for the quarter that ended in Mar. 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)
	=	104.433	/	(2.678	+	5.597)
	=	12.62

Paradox Interactive AB (FRA:ETA) 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.

Paradox Interactive AB Cash-to-Debt Related Terms

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Paradox Interactive AB (FRA:ETA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Paradox Interactive AB (FRA:ETA) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

PRXXF:USA PDX:Sweden 0GDU:UK

Address

Magnus Ladulasgatan 4, Stockholm, SWE, SE-118 66

Website

https://www.paradoxinteractive.com

Paradox Interactive AB is a Swedish company. It is engaged in the development and publishing of PC-based games. The company's product portfolio includes franchise brands such as g Stellaris, Europa Universalis, Hearts of Iron, Crusader Kings, Cities, Skylines, Tyranny and Magicka. Paradox is also involved in the publishing and internal development of games and licensing of White Wolf's brands. The company distributes its games through the digital platform Steam as well as on Apple, Google Play, and Sony stores. It operates its business across the world. The majority of the company's revenue comes from the United States.

Paradox Interactive AB (FRA:ETA) Headlines

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