NORSF (Norsk Titanium AS) Cash-to-Debt : 7.68 (As of Jun. 2024)

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What is Norsk Titanium AS 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. Norsk Titanium AS's cash to debt ratio for the quarter that ended in Jun. 2024 was 7.68.

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, Norsk Titanium AS could pay off its debt using the cash in hand for the quarter that ended in Jun. 2024.

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

NORSF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: 2.84 Max: 39.23
Current: 7.68

During the past 6 years, Norsk Titanium AS's highest Cash to Debt Ratio was 39.23. The lowest was 0.02. And the median was 2.84.

NORSF's Cash-to-Debt is ranked better than
77.96% of 313 companies
in the Aerospace & Defense industry
Industry Median: 0.84 vs NORSF: 7.68

Norsk Titanium AS Cash-to-Debt Historical Data

The historical data trend for Norsk Titanium AS'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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Norsk Titanium AS Cash-to-Debt Chart

Norsk Titanium AS Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.04

0.02

37.37

3.55

0.09

Norsk Titanium AS Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Cash-to-Debt	Get a 7-Day Free Trial						6.00	3.55	2.14	0.09	7.68

Competitive Comparison of Norsk Titanium AS's Cash-to-Debt

For the Aerospace & Defense subindustry, Norsk Titanium AS'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.

Norsk Titanium AS's Cash-to-Debt Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Norsk Titanium AS's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Norsk Titanium AS's Cash-to-Debt falls into.

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Norsk Titanium AS 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.

Norsk Titanium AS'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)
	=	0.976	/	(9.175	+	1.44)
	=	0.09

Norsk Titanium AS's Cash to Debt Ratio for the quarter that ended in Jun. 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)
	=	23.914	/	(1.779	+	1.333)
	=	7.68

Norsk Titanium AS (OTCPK:NORSF) 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.

Norsk Titanium AS Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Norsk Titanium AS's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Norsk Titanium AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Norsk Titanium AS (OTCPK:NORSF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

NTI:Norway 84F:Germany

Address

Flyplassveien 20, Honefoss, NOR, 3514

Website

https://www.norsktitanium.com

Norsk Titanium AS is in metal 3D printing. The company uses its proprietary Rapid Plasma Deposition (RPD) technology for cost-efficient 3D printing of metal alloys. This technology enables the production of value-added parts that are suitable for a large market. The company's focus is on high-end structural applications that require the use of 3D-printed titanium parts, which offer substantial benefits compared to traditional materials and production methods. The company caters to high-complexity markets such as commercial aerospace and defense, which allows them to deliver value propositions and position itself for expansion into other markets. Geographically the company generates revenue from Norway, Europe, and the USA with the majority being generated from Norway.

Norsk Titanium AS Headlines

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