Opera (OPRA) Cash-to-Debt : 8.52 (As of Mar. 2024)

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What is Opera 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. Opera's cash to debt ratio for the quarter that ended in Mar. 2024 was 8.52.

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, Opera could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

OPRA' s Cash-to-Debt Range Over the Past 10 Years
Min: 2.69 Med: 11.15 Max: 37.58
Current: 8.9

During the past 8 years, Opera's highest Cash to Debt Ratio was 37.58. The lowest was 2.69. And the median was 11.15.

OPRA's Cash-to-Debt is ranked better than
59.35% of 588 companies
in the Interactive Media industry
Industry Median: 4.61 vs OPRA: 8.90

Opera Cash-to-Debt Historical Data

The historical data trend for Opera'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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Opera Cash-to-Debt Chart

Opera Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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3.21

14.95

13.40

15.15

8.90

Opera Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															12.20	12.18	9.85	8.90	8.52

Competitive Comparison of Opera's Cash-to-Debt

For the Internet Content & Information subindustry, Opera'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.

Opera's Cash-to-Debt Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Opera's Cash-to-Debt distribution charts can be found below:

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

Opera 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.

Opera'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)
	=	93.863	/	(3.77	+	6.776)
	=	8.90

Opera's Cash to Debt Ratio for the quarter that ended in Mar. 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)
	=	91.338	/	(3.781	+	6.942)
	=	8.52

Opera (NAS:OPRA) 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.

Opera Cash-to-Debt Related Terms

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Opera (OPRA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Opera Ltd (NAS:OPRA) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

2V8:Germany 2V8:Germany

Address

Vitaminveien 4, Oslo, NOR, 0485

Website

https://www.opera.com

Opera Ltd is a global internet brand with a large, engaged and growing base. It offers users around the globe a range of products and services that include a variety of PC and mobile browsers, Opera Gaming portals and development tools, Opera News content recommendation products, and a number of e-commerce products and services. Its features include tabbed browsing, data savings, PC/mobile sync, and numerous features focused on privacy and security, including ad blocking and a built-in VPN. Its browser products include Opera Mini, Opera Browser for Android and iOS, Opera for Computers, Opera GX and Opera GX Mobile, separate browsers tailored for gamers. The newest addition of browsers is the beta release of a Web3-centric browser for PC and mobile which is tailored for crypto enthusiasts.