VKGLF (Viking Line Abp) Cash-to-Debt : 0.38 (As of Dec. 2024)

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What is Viking Line Abp 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. Viking Line Abp's cash to debt ratio for the quarter that ended in Dec. 2024 was 0.38.

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, Viking Line Abp couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2024.

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

VKGLF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.23 Med: 0.46 Max: 0.56
Current: 0.38

During the past 13 years, Viking Line Abp's highest Cash to Debt Ratio was 0.56. The lowest was 0.23. And the median was 0.46.

VKGLF's Cash-to-Debt is ranked worse than
56.87% of 983 companies
in the Transportation industry
Industry Median: 0.48 vs VKGLF: 0.38

Viking Line Abp Cash-to-Debt Historical Data

The historical data trend for Viking Line Abp'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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Viking Line Abp Cash-to-Debt Chart

Viking Line Abp Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Cash-to-Debt

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0.23

0.41

0.42

0.47

0.38

Viking Line Abp Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Cash-to-Debt	Get a 7-Day Free Trial															0.47	0.36	0.33	0.37	0.38

Competitive Comparison of Viking Line Abp's Cash-to-Debt

For the Marine Shipping subindustry, Viking Line Abp'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.

Viking Line Abp's Cash-to-Debt Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Viking Line Abp's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Viking Line Abp's Cash-to-Debt falls into.

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Viking Line Abp 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.

Viking Line Abp'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)
	=	58.429	/	(31.309	+	121.257)
	=	0.38

Viking Line Abp'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)
	=	58.429	/	(31.309	+	121.257)
	=	0.38

Viking Line Abp (GREY:VKGLF) 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.

Viking Line Abp Cash-to-Debt Related Terms

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

Viking Line Abp Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Viking Line Abp (GREY:VKGLF) » Definitions » Cash-to-Debt

Traded in Other Exchanges

0GFY:UK VIK1V:Finland

Address

Norragatan 4, P.O. Box 166, Aland, Mariehamn, FIN, AX-22101

Website

https://www.vikingline.fi

Viking Line Abp is a Finland-based company engaged in providing passenger and cargo carrier services in the northern Baltic Sea. The group's operations are divided into two operating segments: Vessels and Unallocated. The Vessel operating segment, which is the key revenue driver, comprises direct revenue and expenses, including depreciation and amortization that are attributable to vessel operations. The Unallocated operating segment mainly comprises unallocated marketing and administrative expenses. The business of the group is mainly operated in Finland.

Viking Line Abp Headlines

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