eBlitz Group AB (NGM:EBLITZ) Cash-to-Debt : No Debt ⁽¹⁾ (As of Oct. 2023)

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What is eBlitz 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. eBlitz Group AB's cash to debt ratio for the quarter that ended in Oct. 2023 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, eBlitz Group AB could pay off its debt using the cash in hand for the quarter that ended in Oct. 2023.

(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 eBlitz Group AB's Cash-to-Debt or its related term are showing as below:

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

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

NGM:EBLITZ's Cash-to-Debt is ranked better than
99.93% of 1467 companies
in the Asset Management industry
Industry Median: 5.56 vs NGM:EBLITZ: No Debt

eBlitz Group AB Cash-to-Debt Historical Data

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

eBlitz Group AB Annual Data

Trend

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Cash-to-Debt

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No Debt

eBlitz Group AB Semi-Annual Data
	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
Cash-to-Debt	Get a 7-Day Free Trial							No Debt	No Debt	No Debt	No Debt	No Debt

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

For the Asset Management subindustry, eBlitz 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.

eBlitz Group AB's Cash-to-Debt Distribution in the Asset Management Industry

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

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

eBlitz 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.

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

eBlitz Group AB had no debt ⁽¹⁾.

eBlitz Group AB's Cash to Debt Ratio for the quarter that ended in Oct. 2023 is calculated as:

eBlitz Group AB had no debt ⁽¹⁾.

eBlitz Group AB (NGM:EBLITZ) 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.

eBlitz Group AB Cash-to-Debt Related Terms

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eBlitz Group AB (NGM:EBLITZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » eBlitz Group AB (NGM:EBLITZ) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Kungsgatan 8, Floor 2, KG10 Office Hotel, Stockholm, SWE, SE- 114 35

Website

https://www.eblitz.se

eBlitz Group AB is an investment and advisory company active in Digital Entertainment. Its business concept is to provide independent business advice and financing solutions to Swedish growth companies and to actively manage the company's equity in the interests of shareholders.

eBlitz Group AB (NGM:EBLITZ) Headlines

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eBlitz Group AB (NGM:EBLITZ) Cash-to-Debt : No Debt (1) (As of Oct. 2023)