Partnera Oyj (OHEL:PARTNE1) Cash-to-Debt : 1.78 (As of Jun. 2024)

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What is Partnera 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. Partnera Oyj's cash to debt ratio for the quarter that ended in Jun. 2024 was 1.78.

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, Partnera Oyj 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 Partnera Oyj's Cash-to-Debt or its related term are showing as below:

OHEL:PARTNE1' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.24 Med: 0.49 Max: 27.19
Current: 1.78

During the past 7 years, Partnera Oyj's highest Cash to Debt Ratio was 27.19. The lowest was 0.24. And the median was 0.49.

OHEL:PARTNE1's Cash-to-Debt is ranked better than
74.79% of 242 companies
in the Waste Management industry
Industry Median: 0.365 vs OHEL:PARTNE1: 1.78

Partnera Oyj Cash-to-Debt Historical Data

The historical data trend for Partnera 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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Partnera Oyj Cash-to-Debt Chart

Partnera Oyj Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

0.44

1.85

0.37

0.24

0.29

Partnera Oyj Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Cash-to-Debt	Get a 7-Day Free Trial								0.25	0.24	0.33	0.29	1.78

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

For the Waste Management subindustry, Partnera 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.

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

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

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

Partnera 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.

Partnera 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)
	=	6.19	/	(1.971	+	19.228)
	=	0.29

Partnera Oyj'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)
	=	29.629	/	(1.872	+	14.791)
	=	1.78

Partnera Oyj (OHEL:PARTNE1) 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.

Partnera Oyj Cash-to-Debt Related Terms

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

Partnera Oyj Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Partnera Oyj (OHEL:PARTNE1) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Kauppurienkatu 12, Oulu, FIN, 90100

Website

https://www.partnera.fi

Partnera Oyj is a Finland-based holding company. The company operates through its subsidiaries which are engaged in glass recycling and foam glass manufacturing. Additionally, the firm also finances various projects and invests in growth-oriented companies.

Partnera Oyj Headlines

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