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Nobia AB (Nobia AB) Cash-to-Debt : 0.04 (As of Mar. 2024)


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What is Nobia 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. Nobia AB's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.04.

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, Nobia AB couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

NBIAY' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.03   Med: 0.37   Max: No Debt
Current: 0.04

During the past 13 years, Nobia AB's highest Cash to Debt Ratio was No Debt. The lowest was 0.03. And the median was 0.37.

NBIAY's Cash-to-Debt is ranked worse than
93.3% of 418 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 0.975 vs NBIAY: 0.04

Nobia AB Cash-to-Debt Historical Data

The historical data trend for Nobia 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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Nobia AB Cash-to-Debt Chart

Nobia AB Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cash-to-Debt
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.07 0.26 0.19 0.09 0.08

Nobia 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.16 0.14 0.07 0.08 0.04

Competitive Comparison of Nobia AB's Cash-to-Debt

For the Furnishings, Fixtures & Appliances subindustry, Nobia 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.


Nobia AB's Cash-to-Debt Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Nobia AB's Cash-to-Debt distribution charts can be found below:

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



Nobia 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.

Nobia AB's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Nobia AB's Cash to Debt Ratio for the quarter that ended in Mar. 2024 is calculated as:

* 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.


Nobia AB  (OTCPK:NBIAY) 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.


Nobia AB Cash-to-Debt Related Terms

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Nobia AB (Nobia AB) Business Description

Traded in Other Exchanges
Address
Blekholmstorget 30E, Stockholm, SWE, 111 64
Nobia AB is a Sweden-based furniture company that designs, manufactures, and sells various kitchen products. The company operates in the United Kingdom, Denmark, Finland, and Austria. Nobia sells its products through a network of subsidiaries to retailers, builders' merchants, DIY stores, and professional construction companies. The company generates the majority of its net sales from the UK and, secondarily, from the Nordic region. The core brands of Nobia include Magnet, HTH, Marbodal, A la Carte, Sigdal, and ewe. The firm derives revenue from the sale and installation services of kitchen products and other products.

Nobia AB (Nobia AB) Headlines

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