Bitcoin Group SE (MIL:1ADE) Cash-to-Debt : 37.09 (As of Jun. 2023)

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What is Bitcoin Group SE 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. Bitcoin Group SE's cash to debt ratio for the quarter that ended in Jun. 2023 was 37.09.

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, Bitcoin Group SE could pay off its debt using the cash in hand for the quarter that ended in Jun. 2023.

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

MIL:1ADE' s Cash-to-Debt Range Over the Past 10 Years
Min: 7.94 Med: No Debt Max: No Debt
Current: 37.09

During the past 13 years, Bitcoin Group SE's highest Cash to Debt Ratio was No Debt. The lowest was 7.94. And the median was No Debt.

MIL:1ADE's Cash-to-Debt is ranked better than
57.76% of 1463 companies
in the Asset Management industry
Industry Median: 5.56 vs MIL:1ADE: 37.09

Bitcoin Group SE Cash-to-Debt Historical Data

The historical data trend for Bitcoin Group SE'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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Bitcoin Group SE Cash-to-Debt Chart

Bitcoin Group SE Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

7.94

22.21

40.10

35.36

Bitcoin Group SE Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Cash-to-Debt	Get a 7-Day Free Trial															34.91	40.10	43.05	35.36	37.09

Competitive Comparison of Bitcoin Group SE's Cash-to-Debt

For the Asset Management subindustry, Bitcoin Group SE'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.

Bitcoin Group SE's Cash-to-Debt Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Bitcoin Group SE's Cash-to-Debt distribution charts can be found below:

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

Bitcoin Group SE 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.

Bitcoin Group SE's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 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)
	=	15.204	/	(0.073	+	0.357)
	=	35.36

Bitcoin Group SE's Cash to Debt Ratio for the quarter that ended in Jun. 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)
	=	14.615	/	(0.073	+	0.321)
	=	37.09

Bitcoin Group SE (MIL:1ADE) 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.

Bitcoin Group SE Cash-to-Debt Related Terms

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

Bitcoin Group SE (MIL:1ADE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Bitcoin Group SE (MIL:1ADE) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

BTGGF:USA 0RWM:UK ADE:Germany ADE:Bulgaria

Address

Europe Square 2, Berlin, DEU, 10557

Website

http://www.bitcoin-group.de

Bitcoin Group SE is a venture capital company. The Company focuses on the acquisition, sale and management of investments in companies, and the acquisition of strategic leadership, management and coordination of these companies.

Bitcoin Group SE (MIL:1ADE) Headlines

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