EcoUp Oyj (OHEL:ECOUP) Cash-to-Debt : 0.34 (As of Dec. 2023)

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What is EcoUp Oyj 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. EcoUp Oyj's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.34.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, EcoUp Oyj couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

OHEL:ECOUP' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.06 Med: 0.34 Max: 1.49
Current: 0.34

During the past 5 years, EcoUp Oyj's highest Cash to Debt Ratio was 1.49. The lowest was 0.06. And the median was 0.34.

OHEL:ECOUP's Cash-to-Debt is ranked worse than
50.42% of 238 companies
in the Waste Management industry
Industry Median: 0.345 vs OHEL:ECOUP: 0.34

EcoUp Oyj Cash-to-Debt Historical Data

The historical data trend for EcoUp Oyj'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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EcoUp Oyj Cash-to-Debt Chart

EcoUp Oyj Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

0.06

0.10

1.49

0.92

0.34

EcoUp Oyj Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial				1.49	0.92	0.92	0.29	0.34

Competitive Comparison of EcoUp Oyj's Cash-to-Debt

For the Waste Management subindustry, EcoUp Oyj'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.

EcoUp Oyj's Cash-to-Debt Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, EcoUp Oyj's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where EcoUp Oyj's Cash-to-Debt falls into.

EcoUp Oyj 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.

EcoUp Oyj'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)
	=	1.636	/	(1.482	+	3.362)
	=	0.34

EcoUp Oyj's Cash to Debt Ratio for the quarter 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)
	=	1.636	/	(1.482	+	3.362)
	=	0.34

EcoUp Oyj (OHEL:ECOUP) 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.

EcoUp Oyj Cash-to-Debt Related Terms

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EcoUp Oyj (OHEL:ECOUP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » EcoUp Oyj (OHEL:ECOUP) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Kansankatu 49, Oulu, FIN, 90100

Website

https://www.ecoup.fi

EcoUp Oyj provides technologies for upcycling construction waste and transforming it into re-usable materials that can be circulated again. It offers carbon-neutral, surplus-free and energy-saving materials, services, and technologies, enabling green transition in the construction industry.

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