Netcompany Group AS (LTS:0YH9) Cash-to-Debt : 0.09 (As of Jun. 2024)

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What is Netcompany Group AS 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. Netcompany Group AS's cash to debt ratio for the quarter that ended in Jun. 2024 was 0.09.

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, Netcompany Group AS couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2024.

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

LTS:0YH9' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: 0.15 Max: 9.37
Current: 0.09

During the past 9 years, Netcompany Group AS's highest Cash to Debt Ratio was 9.37. The lowest was 0.02. And the median was 0.15.

LTS:0YH9's Cash-to-Debt is ranked worse than
91.99% of 2810 companies
in the Software industry
Industry Median: 2.345 vs LTS:0YH9: 0.09

Netcompany Group AS Cash-to-Debt Historical Data

The historical data trend for Netcompany Group AS'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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Netcompany Group AS Cash-to-Debt Chart

Netcompany Group AS Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.13

0.42

0.18

0.15

0.17

Netcompany Group AS Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Cash-to-Debt	Get a 7-Day Free Trial															0.02	0.04	0.17	0.12	0.09

Competitive Comparison of Netcompany Group AS's Cash-to-Debt

For the Information Technology Services subindustry, Netcompany Group AS'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.

Netcompany Group AS's Cash-to-Debt Distribution in the Software Industry

For the Software industry and Technology sector, Netcompany Group AS's Cash-to-Debt distribution charts can be found below:

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

Netcompany Group AS 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.

Netcompany Group AS'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)
	=	448.1	/	(261.6	+	2348.7)
	=	0.17

Netcompany Group AS's Cash to Debt Ratio for the quarter that ended in Jun. 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)
	=	237.2	/	(271.9	+	2308.5)
	=	0.09

Netcompany Group AS (LTS:0YH9) 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.

Netcompany Group AS Cash-to-Debt Related Terms

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

Netcompany Group AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Netcompany Group AS (LTS:0YH9) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

NTCYF:USA NETCc:UK NETC:Denmark 60N:Germany

Address

Strandgade 3, Copenhagen, DNK, 1401

Website

https://www.netcompany.com

Netcompany Group AS is an information technology company. The company is engaged in delivering business-critical IT solutions to large Public and Private sector customers and supporting them in their digital transformation journeys. Its products include software solutions and digital platforms such as Pulse, Easley AI and Solon Tax among others. It generates maximum revenue from the Public segment. The company serves enterprises from Finance; Government; Manufacturing and engineering; Municipalities; Retail and trade; Service companies; Telecommunication and media; Energy and Utilities and other industries. Geographically, it derives a majority of its revenue from Denmark and also has its presence in United Kingdom, Belgium, Greece, Netherlands and other regions.

Netcompany Group AS Headlines

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