Nordic Lights Group (OHEL:NORDLIG) Cash-to-Debt : No Debt ⁽¹⁾ (As of Jun. 2023)

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What is Nordic Lights Group 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. Nordic Lights Group's cash to debt ratio for the quarter that ended in Jun. 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, Nordic Lights Group could pay off its debt using the cash in hand for the quarter that ended in Jun. 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 Nordic Lights Group's Cash-to-Debt or its related term are showing as below:

OHEL:NORDLIG' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.1 Med: 0.26 Max: No Debt
Current: 0.58

During the past 4 years, Nordic Lights Group's highest Cash to Debt Ratio was No Debt. The lowest was 0.10. And the median was 0.26.

OHEL:NORDLIG's Cash-to-Debt is not ranked
in the Industrial Products industry.
Industry Median: 1.23 vs OHEL:NORDLIG: 0.58

Nordic Lights Group Cash-to-Debt Historical Data

The historical data trend for Nordic Lights Group'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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Nordic Lights Group Cash-to-Debt Chart

Nordic Lights Group Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

0.21

0.31

0.10

0.83

Nordic Lights Group Quarterly Data
	Dec19	Dec20	Mar21	Dec21	Mar22	Jun22	Dec22	Jun23
Cash-to-Debt	Get a 7-Day Free Trial			0.10	0.16	N/A	0.83	No Debt

Competitive Comparison of Nordic Lights Group's Cash-to-Debt

For the Electrical Equipment & Parts subindustry, Nordic Lights Group'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.

Nordic Lights Group's Cash-to-Debt Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Nordic Lights Group's Cash-to-Debt distribution charts can be found below:

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

Nordic Lights Group 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.

Nordic Lights Group's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 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)
	=	18.315	/	(2.038	+	20.094)
	=	0.83

Nordic Lights Group's Cash to Debt Ratio for the quarter that ended in Jun. 2023 is calculated as:

Nordic Lights Group had no debt ⁽¹⁾.

Nordic Lights Group (OHEL:NORDLIG) 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.

Nordic Lights Group Cash-to-Debt Related Terms

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

Nordic Lights Group (OHEL:NORDLIG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Nordic Lights Group Corp (OHEL:NORDLIG) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Bennasvagen/Pannaistentie 155, PO Box 36, Jakobstad, FIN, 68601

Website

https://www.nordiclights.com

Nordic Lights Group Corp is a premium provider of lighting solutions for heavy-duty equipment. Nordic Lights focus on providing solutions to five main end-user segments: mining, construction, forestry, agriculture, and material handling. The company derives a majority of its revenue from Europe, the Middle East, and Africa (EMEA).

Nordic Lights Group (OHEL:NORDLIG) Headlines

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Nordic Lights Group (OHEL:NORDLIG) Cash-to-Debt : No Debt (1) (As of Jun. 2023)