Ayfie Group AS (OSL:AYFIE) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is Ayfie Group AS 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. Ayfie Group AS's cash to debt ratio for the quarter that ended in Dec. 2023 was No Debt ⁽¹⁾.

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, Ayfie Group AS could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

(1) 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.

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

OSL:AYFIE' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.89 Med: 17.76 Max: No Debt
Current: 4.68

During the past 7 years, Ayfie Group AS's highest Cash to Debt Ratio was No Debt. The lowest was 0.89. And the median was 17.76.

OSL:AYFIE's Cash-to-Debt is ranked better than
58.7% of 2799 companies
in the Software industry
Industry Median: 2.53 vs OSL:AYFIE: 4.68

Ayfie Group AS Cash-to-Debt Historical Data

The historical data trend for Ayfie Group AS'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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Ayfie Group AS Cash-to-Debt Chart

Ayfie Group AS Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.89

14.89

17.76

17.24

No Debt

Ayfie Group AS Semi-Annual Data
	Dec17	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial						17.76	20.29	17.24	15.70	No Debt

Competitive Comparison of Ayfie Group AS's Cash-to-Debt

For the Software - Application subindustry, Ayfie Group AS'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.

Ayfie Group AS's Cash-to-Debt Distribution in the Software Industry

For the Software industry and Technology sector, Ayfie Group AS's Cash-to-Debt distribution charts can be found below:

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

Ayfie Group AS 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.

Ayfie Group AS's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Ayfie Group AS had no debt ⁽¹⁾.

Ayfie Group AS's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Ayfie Group AS had no debt ⁽¹⁾.

Ayfie Group AS (OSL:AYFIE) 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.

Ayfie Group AS Cash-to-Debt Related Terms

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

Ayfie Group AS (OSL:AYFIE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Ayfie Group AS (OSL:AYFIE) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Karenslyst Alle 10, Oslo, NOR, 0278

Website

https://www.ayfie.com

Ayfie Group AS is a search company offering intelligent knowledge discovery products and search solutions. The firm is a software company specializing in text analytics and smart research based on natural language processing and machine learning. Its core products are ayfie Inspector and ayfie Locator which is used in the legal, financial, corporate, and compliance markets. The company generates a majority of its revenue from subscriptions and geographically, it generates from Norway.

Ayfie Group AS (OSL:AYFIE) Headlines

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Ayfie Group AS (OSL:AYFIE) Cash-to-Debt : No Debt (1) (As of Dec. 2023)