Investment AB Spiltan (NGM:SPLTN) Cash-to-Debt : 44.24 (As of Mar. 2024)

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What is Investment AB Spiltan 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. Investment AB Spiltan's cash to debt ratio for the quarter that ended in Mar. 2024 was 44.24.

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, Investment AB Spiltan could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

NGM:SPLTN' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.07 Med: No Debt Max: No Debt
Current: 44.24

During the past 5 years, Investment AB Spiltan's highest Cash to Debt Ratio was No Debt. The lowest was 1.07. And the median was No Debt.

NGM:SPLTN's Cash-to-Debt is ranked better than
58.64% of 1458 companies
in the Asset Management industry
Industry Median: 5.605 vs NGM:SPLTN: 44.24

Investment AB Spiltan Cash-to-Debt Historical Data

The historical data trend for Investment AB Spiltan'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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Investment AB Spiltan Cash-to-Debt Chart

Investment AB Spiltan Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

No Debt

1.07

Investment AB Spiltan Quarterly Data
	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial											No Debt	No Debt	No Debt	1.07	44.24

Competitive Comparison of Investment AB Spiltan's Cash-to-Debt

For the Asset Management subindustry, Investment AB Spiltan'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.

Investment AB Spiltan's Cash-to-Debt Distribution in the Asset Management Industry

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

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

Investment AB Spiltan 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.

Investment AB Spiltan'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)
	=	78.549	/	(73.564	+	0)
	=	1.07

Investment AB Spiltan's Cash to Debt Ratio for the quarter that ended in Mar. 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)
	=	34.329	/	(0.776	+	0)
	=	44.24

Investment AB Spiltan (NGM:SPLTN) 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.

Investment AB Spiltan Cash-to-Debt Related Terms

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Investment AB Spiltan (NGM:SPLTN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Investment AB Spiltan (NGM:SPLTN) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Grevgatan 39, Stockholm, SWE, 114 53

Website

https://www.spiltan.se

Investment AB Spiltan is an investment company that invests in listed and unlisted Swedish growth companies. It currently owns a portfolio consisting of tech, finance, real estate and industry.

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