Cavendish Hydrogen ASA (FRA:V07) Cash-to-Debt : 15.48 (As of Dec. 2024)

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What is Cavendish Hydrogen 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. Cavendish Hydrogen ASA's cash to debt ratio for the quarter that ended in Dec. 2024 was 15.48.

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, Cavendish Hydrogen ASA could pay off its debt using the cash in hand for the quarter that ended in Dec. 2024.

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

FRA:V07' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.1 Med: 0.22 Max: 15.48
Current: 15.48

During the past 5 years, Cavendish Hydrogen ASA's highest Cash to Debt Ratio was 15.48. The lowest was 0.10. And the median was 0.22.

FRA:V07's Cash-to-Debt is ranked better than
89.31% of 477 companies
in the Utilities - Regulated industry
Industry Median: 0.25 vs FRA:V07: 15.48

Cavendish Hydrogen ASA Cash-to-Debt Historical Data

The historical data trend for Cavendish Hydrogen 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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Cavendish Hydrogen ASA Cash-to-Debt Chart

Cavendish Hydrogen ASA Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Dec24

Cash-to-Debt

0.18

0.22

0.10

0.42

15.48

Cavendish Hydrogen ASA Quarterly Data
	Dec20	Dec21	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Cash-to-Debt	Get a 7-Day Free Trial						0.42	0.30	19.14	17.81	15.48

Competitive Comparison of Cavendish Hydrogen ASA's Cash-to-Debt

For the Utilities - Regulated Gas subindustry, Cavendish Hydrogen 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.

Cavendish Hydrogen ASA's Cash-to-Debt Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Cavendish Hydrogen ASA's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Cavendish Hydrogen ASA's Cash-to-Debt falls into.

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Cavendish Hydrogen 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.

Cavendish Hydrogen ASA's Cash to Debt Ratio for the fiscal year that ended in Dec. 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)
	=	41.8	/	(0.4	+	2.3)
	=	15.48

Cavendish Hydrogen ASA's Cash to Debt Ratio for the quarter that ended in Dec. 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)
	=	41.8	/	(0.4	+	2.3)
	=	15.48

Cavendish Hydrogen ASA (FRA:V07) 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.

Cavendish Hydrogen ASA Cash-to-Debt Related Terms

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Cavendish Hydrogen ASA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Cavendish Hydrogen ASA (FRA:V07) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

CAVEN:Norway

Address

Vejlevej 5, Herning, DNK, 7400

Website

https://www.cavendishh2.com

Cavendish Hydrogen ASA is engaged in developing hydrogen fueling solutions for road-going vehicles. It aims to deliver hydrogen fueling solutions that are safer, faster, and more reliable than any alternative - all while reducing emissions and setting a new standard for fueling heavy-duty vehicles - with reliable fueling solutions.

Cavendish Hydrogen ASA Headlines

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