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NEL ASANLLSF -14.20%53 Cash-to-Debt is 6.08 as of Jun. 2026, which is 52% below its 10-year median of 12.65. GuruFocus rates NLLSF with a GF Score™ of 53/100 and a GF Value™ of $0.21 (Fairly Valued). The stock has 4 warning signs investors should review. Among 3,055 Industrial Products companies, NEL ASA ranks better than 73.72% on this metric.
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. NEL ASA's cash to debt ratio for the quarter that ended in Jun. 2026 was 6.08.
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, NEL ASAcould pay off its debt using the cash in hand for the quarter that ended in Jun. 2026.
The historical rank and industry rank for NEL ASA's Cash-to-Debt or its related term are showing as below:
NLLSF'
s Cash-to-Debt Range Over the Past 10 Years
Min: 3.38 Med: 12.65 Max: No Debt
Current: 6.08
During the past 13 years, NEL ASA's highest Cash to Debt Ratio was No Debt. The lowest was 3.38. And the median was 12.65.
NLLSF's Cash-to-Debt is ranked better than 73.72% of 3055
companies
in the Industrial Products industry
Industry Median: 1.13
vs NLLSF: 6.08
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.
NEL ASA Cash-to-Debt Related Terms
NEL ASA Cash-to-Debt Historical Data
* Premium members only.
The historical data trend for NEL ASA'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.
For the Specialty Industrial Machinery subindustry, NEL ASA'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.
NEL ASA Cash-to-Debt vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, NEL ASA's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where NEL ASA's Cash-to-Debt falls into.
* 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.
NEL ASA (NLLSF) has a Cash-to-Debt of 6.08 as of Jun. 2026. This is 52% below median its historical median of 12.65. Over the past decade, NEL ASA's Cash-to-Debt has ranged from 3.38 to 10,000.00. According to the industry distribution chart, NEL ASA ranks #803 out of 3055 companies in the Industrial Products industry, placing it in the top 26.3%.
Is NEL ASA's Cash-to-Debt too high?
NEL ASA's current Cash-to-Debt of 6.08 is 52% below median its 10-year median of 12.65. Over the past 10 years, this metric has ranged from a low of 3.38 to a high of 10,000.00. The Industrial Products industry median Cash-to-Debt is 1.13. NEL ASA's value of 6.08 is 438.1% above this industry median. Based on the distribution chart, NEL ASA ranks #803 out of 3055 companies in the Industrial Products industry, which is above the industry midpoint. Overall, NEL ASA has a GF Score™ of 53/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does NEL ASA's Cash-to-Debt compare to GEV and ETN?
According to the Industrial Products industry distribution chart, NEL ASA ranks #803 out of 3055 companies for Cash-to-Debt. This puts NEL ASA in the upper half of its industry. The industry median Cash-to-Debt is 1.13. NEL ASA's value of 6.08 is 438.1% above this benchmark. Historically, NEL ASA's own Cash-to-Debt has ranged from 3.38 to 10,000.00 over the past decade. While the company's 10-year median is 12.65 vs. the industry median of 1.13, NEL ASA has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cash-to-Debt for an Industrial Products company?
The median Cash-to-Debt among Industrial Products companies is 1.13, based on 3,055 companies in the industry. Companies in the top quartile (top 25%) have a Cash-to-Debt significantly above this median, while those in the bottom quartile fall well below. However, Cash-to-Debt should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. NEL ASA's current Cash-to-Debt of 6.08 is 438.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cash-to-Debt mean?
A high Cash-to-Debt can signal that a stock is expensive relative to its fundamentals. For the Industrial Products industry, the median Cash-to-Debt is 1.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NEL ASA's current Cash-to-Debt is 6.08, which is 52% below median its own 10-year median of 12.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NEL ASA stock overvalued right now?
Based on GuruFocus' analysis, NEL ASA (NLLSF) is currently considered Fairly Valued. The stock's GF Value™ is $0.21, compared to a current price of $0.20 — trading 4.8% below its estimated fair value. The current Cash-to-Debt is 6.08, which is 52% below median its 10-year median of 12.65 and 438.1% above the Industrial Products industry median of 1.13. NEL ASA's overall GF Score™ is 53/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cash-to-Debt calculated?
Cash-to-Debt is calculated from a company's financial statements. For NEL ASA (NLLSF), the current Cash-to-Debt is 6.08 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is NEL ASA (NLLSF) Overvalued in 2026?
Based on GuruFocus' analysis, NEL ASA stock appears to be undervalued.
The current stock price of $0.20 is trading 4.8% below its estimated GF Value™ of $0.21.
GuruFocus considers NEL ASA to be Fairly Valued.
Key valuation signals for NLLSF:
Cash-to-Debt: 6.08 (52% below median its 10-year median of 12.65)
GF Value™: $0.21 vs. price of $0.20 (4.8% below fair value)
Industry Position: 438.1% above the Industrial Products median (#803 of 3055)
No single metric tells the full story. See the NLLSF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
NEL ASA is a hydrogen company delivering optimal solutions to produce, store, and distribute hydrogen from renewable energy. It serves industries, energy, and gas companies with hydrogen technology. The company's hydrogen solutions cover the entire value chain from hydrogen production technologies to the manufacturing of hydrogen fueling stations, providing all fuel cell electric vehicles with the same fast fueling and long range as conventional vehicles. The company's segments include Nel Alkaline Electrolyser and Nel PEM Electrolyser. It generates maximum revenue from the Nel Alkaline Electrolyser. Nel Alkaline Electrolyser is a supplier of hydrogen production equipment based on alkaline water electrolysis technology.
53GF Score
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