Kvika Banki hf (OISE:KVIKA) Cash-to-Debt : 0.49 (As of Dec. 2024)

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What is Kvika Banki hf 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. Kvika Banki hf's cash to debt ratio for the quarter that ended in Dec. 2024 was 0.49.

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, Kvika Banki hf couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2024.

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

OISE:KVIKA' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.35 Med: 1.01 Max: 2.91
Current: 0.49

During the past 10 years, Kvika Banki hf's highest Cash to Debt Ratio was 2.91. The lowest was 0.35. And the median was 1.01.

OISE:KVIKA's Cash-to-Debt is ranked worse than
75.11% of 1531 companies
in the Banks industry
Industry Median: 1.36 vs OISE:KVIKA: 0.49

Kvika Banki hf Cash-to-Debt Historical Data

The historical data trend for Kvika Banki hf'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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Kvika Banki hf Cash-to-Debt Chart

Kvika Banki hf Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Cash-to-Debt

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2.86

1.00

0.59

0.35

0.49

Kvika Banki hf Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Cash-to-Debt	Get a 7-Day Free Trial															0.35	0.56	0.81	0.58	0.49

Competitive Comparison of Kvika Banki hf's Cash-to-Debt

For the Banks - Regional subindustry, Kvika Banki hf'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.

Kvika Banki hf's Cash-to-Debt Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Kvika Banki hf's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Kvika Banki hf's Cash-to-Debt falls into.

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Kvika Banki hf Cash-to-Debt Calculation

This is the ratio of a company's Balance Sheet Cash And Cash Equivalents 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.

Kvika Banki hf's Cash to Debt Ratio for the fiscal year that ended in Dec. 2024 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	28319.192	/	(0	+	58300.114)
	=	0.49

Kvika Banki hf's Cash to Debt Ratio for the quarter that ended in Dec. 2024 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	28319.192	/	(0	+	58300.114)
	=	0.49

Kvika Banki hf (OISE:KVIKA) 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.

Kvika Banki hf Cash-to-Debt Related Terms

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

Kvika Banki hf Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Kvika Banki hf (OISE:KVIKA) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Katrinartun 2, Reykjavik, ISL, 105

Website

https://www.kvika.is

Kvika Banki hf is an Iceland-based company engaged in providing financial services in the fields of lending, securities and currency trading, and corporate consulting. It offers businesses, investors, and individuals comprehensive investment banking and asset management services as well as selected banking services. The company's reportable segments are Commercial Banking, Corporate Banking and Capital Markets, Asset Management and UK operations. It derives a majority of its revenue from Corporate Banking and Capital Markets which offers a range of professional services in the fields of specialised financing, securities and foreign exchange transactions, and corporate finance services.

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