Skel Fjarfestingafelag hf (OISE:SKEL) Cash-to-Debt : 1.41 (As of Jun. 2024)

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What is Skel Fjarfestingafelag 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. Skel Fjarfestingafelag hf's cash to debt ratio for the quarter that ended in Jun. 2024 was 1.41.

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, Skel Fjarfestingafelag hf 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 Skel Fjarfestingafelag hf's Cash-to-Debt or its related term are showing as below:

OISE:SKEL' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.03 Med: 0.08 Max: No Debt
Current: 1.41

During the past 12 years, Skel Fjarfestingafelag hf's highest Cash to Debt Ratio was No Debt. The lowest was 0.03. And the median was 0.08.

OISE:SKEL's Cash-to-Debt is ranked better than
71.36% of 1114 companies
in the Retail - Cyclical industry
Industry Median: 0.43 vs OISE:SKEL: 1.41

Skel Fjarfestingafelag hf Cash-to-Debt Historical Data

The historical data trend for Skel Fjarfestingafelag 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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Skel Fjarfestingafelag hf Cash-to-Debt Chart

Skel Fjarfestingafelag hf Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.06

0.13

0.79

3.75

1.53

Skel Fjarfestingafelag hf Semi-Annual Data
	Dec12	Dec13	Dec14	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Cash-to-Debt	Get a 7-Day Free Trial															11.40	3.75	N/A	1.53	1.41

Competitive Comparison of Skel Fjarfestingafelag hf's Cash-to-Debt

For the Specialty Retail subindustry, Skel Fjarfestingafelag 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.

Skel Fjarfestingafelag hf's Cash-to-Debt Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Skel Fjarfestingafelag hf's Cash-to-Debt distribution charts can be found below:

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

Skel Fjarfestingafelag hf 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.

Skel Fjarfestingafelag hf'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)
	=	12535	/	(3155	+	5030)
	=	1.53

Skel Fjarfestingafelag hf'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)
	=	12047	/	(3225	+	5327)
	=	1.41

Skel Fjarfestingafelag hf (OISE:SKEL) 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.

Skel Fjarfestingafelag hf Cash-to-Debt Related Terms

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

Skel Fjarfestingafelag hf Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Skel Fjarfestingafelag hf (OISE:SKEL) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Borgartun 26, Reykjavik, ISL, 105

Website

https://www.skel.is

Skel Fjarfestingafelag hf is an oil company engaged in the import, sale, and distribution of oil in addition to lubricants, chemical products, and fertilizer, and various kinds of trade in other commodities, both in retail and wholesale. It is also engaged in lending, operation of real estates, vessels, service stations, and other activities. The group operates in two geographical areas, in Iceland and the Faroe Islands, of which key revenue is derived from the operations in Iceland. The products and services of the company are sold under the brands Skeljungur, Orkan, and Kvikk and run around 65 fuel stations and 4 oil depots.

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