Avsalt Group AB (NGM:AVSALT) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2024)

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What is Avsalt Group 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. Avsalt Group AB's cash to debt ratio for the quarter that ended in Dec. 2024 was No Debt ⁽¹⁾.

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, Avsalt Group AB could pay off its debt using the cash in hand for the quarter that ended in Dec. 2024.

(1) 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.

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

NGM:AVSALT' s Cash-to-Debt Range Over the Past 10 Years
Min: 4.2 Med: No Debt Max: No Debt
Current: No Debt

During the past 6 years, Avsalt Group AB's highest Cash to Debt Ratio was No Debt. The lowest was 4.20. And the median was No Debt.

NGM:AVSALT's Cash-to-Debt is ranked better than
99.8% of 3006 companies
in the Industrial Products industry
Industry Median: 1.245 vs NGM:AVSALT: No Debt

Avsalt Group AB Cash-to-Debt Historical Data

The historical data trend for Avsalt Group 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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Avsalt Group AB Cash-to-Debt Chart

Avsalt Group AB Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Cash-to-Debt

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4.20

No Debt

N/A

No Debt

Avsalt Group AB Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Cash-to-Debt	Get a 7-Day Free Trial						No Debt	No Debt	N/A	No Debt	No Debt

Competitive Comparison of Avsalt Group AB's Cash-to-Debt

For the Specialty Industrial Machinery subindustry, Avsalt Group 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.

Avsalt Group AB's Cash-to-Debt Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Avsalt Group AB's Cash-to-Debt distribution charts can be found below:

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

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Avsalt Group 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.

Avsalt Group AB's Cash to Debt Ratio for the fiscal year that ended in Dec. 2024 is calculated as:

Avsalt Group AB had no debt ⁽¹⁾.

Avsalt Group AB's Cash to Debt Ratio for the quarter that ended in Dec. 2024 is calculated as:

Avsalt Group AB had no debt ⁽¹⁾.

Avsalt Group AB (NGM:AVSALT) 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.

Avsalt Group AB Cash-to-Debt Related Terms

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Avsalt Group AB Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Avsalt Group AB (NGM:AVSALT) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Open lab, Forskaren 3rd floor, Per Albin Hanssons vag 35, Malmo, SWE, 214 32

Website

https://www.avsalt.com

Avsalt Group AB is a Swedish environmental technology company that manufactures desalination machines to purify water. The company's patented technology entails minimal maintenance and low energy consumption and enables a continuous flow of water purified from ions and charged small molecules. The technology is based on thin carbon-based electrodes which, with alternating voltage application, remove ions and charged small molecules from the water.

Avsalt Group AB Headlines

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Avsalt Group AB (NGM:AVSALT) Cash-to-Debt : No Debt (1) (As of Dec. 2024)