Lehto Group Oyj (LTS:0RFZ) Cash-to-Debt : 0.08 (As of Dec. 2023)

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What is Lehto Group Oyj 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. Lehto Group Oyj's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.08.

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, Lehto Group Oyj couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

LTS:0RFZ' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.08 Med: 0.69 Max: No Debt
Current: 0.08

During the past 11 years, Lehto Group Oyj's highest Cash to Debt Ratio was No Debt. The lowest was 0.08. And the median was 0.69.

LTS:0RFZ's Cash-to-Debt is not ranked
in the Real Estate industry.
Industry Median: 0.25 vs LTS:0RFZ: 0.08

Lehto Group Oyj Cash-to-Debt Historical Data

The historical data trend for Lehto Group Oyj'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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Lehto Group Oyj Cash-to-Debt Chart

Lehto Group Oyj Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.31

0.92

0.24

0.12

0.08

Lehto Group Oyj Semi-Annual Data
	Dec13	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															0.24	0.21	0.12	0.14	0.08

Competitive Comparison of Lehto Group Oyj's Cash-to-Debt

For the Real Estate - Development subindustry, Lehto Group Oyj'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.

Lehto Group Oyj's Cash-to-Debt Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Lehto Group Oyj's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Lehto Group Oyj's Cash-to-Debt falls into.

Lehto Group Oyj 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.

Lehto Group Oyj'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)
	=	6.13	/	(26.16	+	53.585)
	=	0.08

Lehto Group Oyj's Cash to Debt Ratio for the quarter 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)
	=	6.13	/	(26.16	+	53.585)
	=	0.08

Lehto Group Oyj (LTS:0RFZ) 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.

Lehto Group Oyj Cash-to-Debt Related Terms

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

Lehto Group Oyj (LTS:0RFZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Lehto Group Oyj (LTS:0RFZ) » Definitions » Cash-to-Debt

Traded in Other Exchanges

LEHTO:Finland L7G:Germany

Address

Voimatie 6 B, Kempele, FIN, 90440

Website

https://www.lehto.fi

Lehto Group Oyj is a Finnish construction and real estate group. The operating business segment of the company is Building Services. It is also engaged in Housing, Business Premises, and Social Care and Educational Premises. The firm offers services such as schools, health centers, property development, multi-story buildings, care homes, and plumbing renovations among others. Geographically, it operates in Finland.

Lehto Group Oyj (LTS:0RFZ) Headlines

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