Nordnet AB (publ) (LTS:0A6V) Cash-to-Debt : No Debt ⁽¹⁾ (As of Mar. 2024)

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What is Nordnet AB (publ) 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. Nordnet AB (publ)'s cash to debt ratio for the quarter that ended in Mar. 2024 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, Nordnet AB (publ) could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

(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 Nordnet AB (publ)'s Cash-to-Debt or its related term are showing as below:

LTS:0A6V' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.91 Med: No Debt Max: No Debt
Current: 21.14

During the past 13 years, Nordnet AB (publ)'s highest Cash to Debt Ratio was No Debt. The lowest was 1.91. And the median was No Debt.

LTS:0A6V's Cash-to-Debt is ranked better than
70.93% of 798 companies
in the Capital Markets industry
Industry Median: 2.22 vs LTS:0A6V: 21.14

Nordnet AB (publ) Cash-to-Debt Historical Data

The historical data trend for Nordnet AB (publ)'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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Nordnet AB (publ) Cash-to-Debt Chart

Nordnet AB (publ) Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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1.91

15.53

21.77

22.78

24.55

Nordnet AB (publ) 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															No Debt	No Debt	No Debt	24.55	No Debt

Competitive Comparison of Nordnet AB (publ)'s Cash-to-Debt

For the Capital Markets subindustry, Nordnet AB (publ)'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.

Nordnet AB (publ)'s Cash-to-Debt Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Nordnet AB (publ)'s Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Nordnet AB (publ)'s Cash-to-Debt falls into.

Nordnet AB (publ) Cash-to-Debt Calculation

This is the ratio of a company's Balance Sheet Cash And Cash Equivalents 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.

Nordnet AB (publ)'s Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	4192.9	/	(0	+	170.8)
	=	24.55

Nordnet AB (publ)'s Cash to Debt Ratio for the quarter that ended in Mar. 2024 is calculated as:

Nordnet AB (publ) had no debt ⁽¹⁾.

Nordnet AB (publ) (LTS:0A6V) 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.

Nordnet AB (publ) Cash-to-Debt Related Terms

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Nordnet AB (publ) (LTS:0A6V) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Nordnet AB (publ) (LTS:0A6V) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

SAVE:Sweden SAVEs:UK 9JL:Germany

Address

Alstromergatan 39, Box 30099, Stockholm, SWE, SE-104 25

Website

https://www.nordnetab.com

Nordnet AB (publ) is a digital platform in the Nordics for savings and investments. The company operates in Sweden, Norway, Denmark and Finland. Nordnet's purpose is to democratize savings and investments. It provides trading in a large number of equities, funds and other types of securities from several markets at a low price, as well as pension savings without fixed fees. The firm also offers margin loans, private loans and mortgages. There are a number of user-interfaces to choose from, such as web, app or more advanced trading applications. Digital financial guidance tools are offered to customers who want help and inspiration with their savings. Nordnet also runs the largest social investment network in the Nordics, Shareville.

Nordnet AB (publ) (LTS:0A6V) Headlines

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Nordnet AB (publ) (LTS:0A6V) Cash-to-Debt : No Debt (1) (As of Mar. 2024)