AF Gruppen ASA (OSL:AFG) Cash-to-Debt : 0.21 (As of Mar. 2024)

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What is AF Gruppen ASA 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. AF Gruppen ASA's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.21.

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, AF Gruppen ASA couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

OSL:AFG' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.15 Med: 0.75 Max: 9.07
Current: 0.21

During the past 13 years, AF Gruppen ASA's highest Cash to Debt Ratio was 9.07. The lowest was 0.15. And the median was 0.75.

OSL:AFG's Cash-to-Debt is ranked worse than
74.74% of 1655 companies
in the Construction industry
Industry Median: 0.62 vs OSL:AFG: 0.21

AF Gruppen ASA Cash-to-Debt Historical Data

The historical data trend for AF Gruppen ASA'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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AF Gruppen ASA Cash-to-Debt Chart

AF Gruppen ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.43

0.59

0.68

0.54

0.26

AF Gruppen ASA 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															0.42	0.21	0.23	0.26	0.21

Competitive Comparison of AF Gruppen ASA's Cash-to-Debt

For the Engineering & Construction subindustry, AF Gruppen ASA'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.

AF Gruppen ASA's Cash-to-Debt Distribution in the Construction Industry

For the Construction industry and Industrials sector, AF Gruppen ASA's Cash-to-Debt distribution charts can be found below:

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

AF Gruppen ASA 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.

AF Gruppen ASA'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)
	=	347	/	(578	+	759)
	=	0.26

AF Gruppen ASA'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)
	=	348	/	(873	+	817)
	=	0.21

AF Gruppen ASA (OSL:AFG) 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.

AF Gruppen ASA Cash-to-Debt Related Terms

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

AF Gruppen ASA (OSL:AFG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » AF Gruppen ASA (OSL:AFG) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

AGRUF:USA AFGO:Sweden AF8:Germany

Address

Innspurten 15, P.O. box 6272, Oslo, NOR, 0663

Website

https://www.afgruppen.com

AF Gruppen ASA A is one of Norway's leading contracting and industrial groups. It provides civil engineering and services geared toward environmental, building, and energy markets. The company conducts projects related to roads, railways, ports, power, and energy development. For buildings and property development, its services span the entire value chain, and resources are utilized for planning and execution. The majority of revenue comes from traditional building activities, including new projects and rehabilitation ventures. Environmental services revolve around demolition, removal, and environmental clean-up of buildings and industrial plants. AF Gruppen's customers are primarily public agencies and private companies.