Hexagon Composites ASA (LTS:0EOF) Cash-to-Debt : 0.05 (As of Mar. 2024)

View and export this data going back to 2007. Start your Free Trial

What is Hexagon Composites 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. Hexagon Composites ASA's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.05.

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, Hexagon Composites ASA couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

LTS:0EOF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.05 Med: 0.37 Max: No Debt
Current: 0.05

During the past 13 years, Hexagon Composites ASA's highest Cash to Debt Ratio was No Debt. The lowest was 0.05. And the median was 0.37.

LTS:0EOF's Cash-to-Debt is ranked worse than
79.68% of 379 companies
in the Packaging & Containers industry
Industry Median: 0.41 vs LTS:0EOF: 0.05

Hexagon Composites ASA Cash-to-Debt Historical Data

The historical data trend for Hexagon Composites 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.

* Premium members only.

Hexagon Composites ASA Cash-to-Debt Chart

Hexagon Composites ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

0.11

1.11

0.41

0.32

0.10

Hexagon Composites ASA 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															0.60	0.27	0.10	0.10	0.05

Competitive Comparison of Hexagon Composites ASA's Cash-to-Debt

For the Packaging & Containers subindustry, Hexagon Composites 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.

Hexagon Composites ASA's Cash-to-Debt Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Hexagon Composites ASA's Cash-to-Debt distribution charts can be found below:

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

Hexagon Composites 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.

Hexagon Composites ASA'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)
	=	154.35	/	(1170.335	+	387.26)
	=	0.10

Hexagon Composites ASA'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)
	=	109.276	/	(1716.112	+	383.032)
	=	0.05

Hexagon Composites ASA (LTS:0EOF) 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.

Hexagon Composites ASA Cash-to-Debt Related Terms

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

Hexagon Composites ASA (LTS:0EOF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Hexagon Composites ASA (LTS:0EOF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

HXGCF:USA HEXO:Sweden HEX:Norway 2HX:Germany

Address

Korsegata 4B, P.O. Box 836, Sentrum, Aalesund, NOR, 6002

Website

https://www.hexagongroup.com

Hexagon Composites ASA is a supplier of clean energy technology for gas storage, distribution, fuel systems, and drivetrains. Its operating segments are Hexagon Agility & CNG LDV, Hexagon Purus, Hexagon Digital Wave, and Hexagon Ragasco LPG. Hexagon Agility & CNG LDV segment offers natural gas fuel systems and delivery solutions for the mobility market. Hexagon Purus is a provider of technology needed for zero-emission mobility. The Hexagon Digital Wave segment offers cylinder testing and monitoring technology. Hexagon Ragasco LPG segment is a manufacturer of composite LPG cylinders. It operates through Europe, North America, South-East Asia, the Middle East, and Norway geographic regions.

Hexagon Composites ASA (LTS:0EOF) Headlines

No Headlines