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EQT AB (LTS:0AAZ) Cash-to-Debt : 2.05 (As of Jun. 2024)


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What is EQT 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. EQT AB's cash to debt ratio for the quarter that ended in Jun. 2024 was 2.05.

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, EQT AB could pay off its debt using the cash in hand for the quarter that ended in Jun. 2024.

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

LTS:0AAZ' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.23   Med: 1.31   Max: 9.84
Current: 2.05

During the past 9 years, EQT AB's highest Cash to Debt Ratio was 9.84. The lowest was 0.23. And the median was 1.31.

LTS:0AAZ's Cash-to-Debt is ranked worse than
55.33% of 1455 companies
in the Asset Management industry
Industry Median: 5.53 vs LTS:0AAZ: 2.05

EQT AB Cash-to-Debt Historical Data

The historical data trend for EQT 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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EQT AB Cash-to-Debt Chart

EQT AB Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cash-to-Debt
Get a 7-Day Free Trial Premium Member Only 9.11 9.84 0.96 0.30 0.52

EQT AB Semi-Annual Data
Dec16 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Cash-to-Debt Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.92 0.30 0.23 0.52 2.05

Competitive Comparison of EQT AB's Cash-to-Debt

For the Asset Management subindustry, EQT 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.


EQT AB's Cash-to-Debt Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, EQT AB's Cash-to-Debt distribution charts can be found below:

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



EQT 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.

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

EQT AB's Cash to Debt Ratio for the quarter that ended in Jun. 2024 is calculated as:

* 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.


EQT AB  (LTS:0AAZ) 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.


EQT AB Cash-to-Debt Related Terms

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EQT AB Business Description

Traded in Other Exchanges
Address
Regeringsgatan 25, Stockholm, SWE, SE-111 53
Swedish conglomerate Investor AB set up EQT as its private equity division in 1994. In its early days, EQT focused primarily on private equity investments in Sweden and the rest of Scandinavia. Today, EQT is one of the largest global private-market investors, with funds that target private equity, real estate, and infrastructure globally. Investor AB retains a minority stake.

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