OEM International AB (LTS:0QTY) Cash-to-Debt : 3.11 (As of Mar. 2024)

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What is OEM International 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. OEM International AB's cash to debt ratio for the quarter that ended in Mar. 2024 was 3.11.

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, OEM International AB could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

LTS:0QTY' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.09 Med: 0.32 Max: 3.96
Current: 3.11

During the past 13 years, OEM International AB's highest Cash to Debt Ratio was 3.96. The lowest was 0.09. And the median was 0.32.

LTS:0QTY's Cash-to-Debt is ranked better than
77.86% of 140 companies
in the Industrial Distribution industry
Industry Median: 0.555 vs LTS:0QTY: 3.11

OEM International AB Cash-to-Debt Historical Data

The historical data trend for OEM International 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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OEM International AB Cash-to-Debt Chart

OEM International AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.24

3.63

1.60

0.29

1.58

OEM International AB 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															0.47	0.22	0.54	1.58	3.11

Competitive Comparison of OEM International AB's Cash-to-Debt

For the Industrial Distribution subindustry, OEM International 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.

OEM International AB's Cash-to-Debt Distribution in the Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, OEM International AB's Cash-to-Debt distribution charts can be found below:

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

OEM International 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.

OEM International AB'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)
	=	232.5	/	(96.4	+	51)
	=	1.58

OEM International AB'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)
	=	379	/	(74	+	48)
	=	3.11

OEM International AB (LTS:0QTY) 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.

OEM International AB Cash-to-Debt Related Terms

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

OEM International AB (LTS:0QTY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » OEM International AB (LTS:0QTY) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

OEM B:Sweden

Address

Forradsvagen 2, Box 1009, Tranas, SWE, SE-573 28

Website

http://www.oem.se

OEM International AB is a leading technology trading group in Europe. It acts as a link between its customers and manufacturers of products and systems for industrial applications. It offers various industrial components and systems from various suppliers, including electrical components, flow components, motors and transmissions, bearings, seals, and couplings, as well as appliance components, lighting, and complete production systems. Geographic areas of operations include Sweden, Denmark, United Kingdom, Finland, Hungary, China and other countries.

OEM International AB (LTS:0QTY) Headlines

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