Magnora ASA (LTS:0MHQ) Cash-to-Debt : No Debt ⁽¹⁾ (As of Jun. 2024)

View and export this data going back to 2009. Start your Free Trial

What is Magnora 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. Magnora ASA's cash to debt ratio for the quarter that ended in Jun. 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, Magnora ASA could pay off its debt using the cash in hand for the quarter that ended in Jun. 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 Magnora ASA's Cash-to-Debt or its related term are showing as below:

LTS:0MHQ' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.57 Med: No Debt Max: No Debt
Current: 280.58

During the past 13 years, Magnora ASA's highest Cash to Debt Ratio was No Debt. The lowest was 0.57. And the median was No Debt.

LTS:0MHQ's Cash-to-Debt is ranked better than
94.68% of 432 companies
in the Utilities - Independent Power Producers industry
Industry Median: 0.24 vs LTS:0MHQ: 280.58

Magnora ASA Cash-to-Debt Historical Data

The historical data trend for Magnora 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.

Magnora ASA Cash-to-Debt Chart

Magnora ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

2.28

309.75

Magnora ASA Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Jun24
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	No Debt	No Debt	309.75	No Debt

Competitive Comparison of Magnora ASA's Cash-to-Debt

For the Utilities - Renewable subindustry, Magnora 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.

Magnora ASA's Cash-to-Debt Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Magnora ASA's Cash-to-Debt distribution charts can be found below:

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

Magnora 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.

Magnora 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)
	=	371.7	/	(0.3	+	0.9)
	=	309.75

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

Magnora ASA had no debt ⁽¹⁾.

Magnora ASA (LTS:0MHQ) 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.

Magnora ASA Cash-to-Debt Related Terms

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

Magnora ASA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Magnora ASA (LTS:0MHQ) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

MGNo:Sweden MGN:Norway 4SM:Germany

Address

Karenslyst Alle 6, Oslo, NOR, 0277

Website

https://www.magnoraasa.com

Magnora ASA is a renewable energy development company, focusing on the development of wind and Solar PV projects. The company's segment includes Corporate and Projects. It generates maximum revenue from the Corporate segment. Geographically, it derives a majority of its revenue from the Norway.

Magnora ASA Headlines

No Headlines

Magnora ASA (LTS:0MHQ) Cash-to-Debt : No Debt (1) (As of Jun. 2024)