Elkem ASA (OSL:ELK) Cash-to-Debt : 0.34 (As of Dec. 2024)

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What is Elkem 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. Elkem ASA's cash to debt ratio for the quarter that ended in Dec. 2024 was 0.34.

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, Elkem ASA 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 Elkem ASA's Cash-to-Debt or its related term are showing as below:

OSL:ELK' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.16 Med: 0.39 Max: 0.75
Current: 0.34

During the past 11 years, Elkem ASA's highest Cash to Debt Ratio was 0.75. The lowest was 0.16. And the median was 0.39.

OSL:ELK's Cash-to-Debt is ranked worse than
65.5% of 1548 companies
in the Chemicals industry
Industry Median: 0.7 vs OSL:ELK: 0.34

Elkem ASA Cash-to-Debt Historical Data

The historical data trend for Elkem 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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Elkem ASA Cash-to-Debt Chart

Elkem ASA Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Cash-to-Debt

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0.27

0.56

0.75

0.39

0.34

Elkem ASA 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															0.39	0.36	0.34	0.36	0.34

Competitive Comparison of Elkem ASA's Cash-to-Debt

For the Specialty Chemicals subindustry, Elkem 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.

Elkem ASA's Cash-to-Debt Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Elkem ASA's Cash-to-Debt distribution charts can be found below:

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

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Elkem 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.

Elkem ASA's Cash to Debt Ratio for the fiscal year that ended in Dec. 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)
	=	4397	/	(1091	+	11817)
	=	0.34

Elkem ASA's Cash to Debt Ratio for the quarter that ended in Dec. 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)
	=	4397	/	(1091	+	11817)
	=	0.34

Elkem ASA (OSL:ELK) 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.

Elkem ASA Cash-to-Debt Related Terms

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Elkem ASA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Elkem ASA (OSL:ELK) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

ELKEF:USA ELKo:Sweden ELKo:UK 0SFN:UK 1DP:Germany

Address

Drammensveien 169, Oslo, NOR, 0277

Website

https://www.elkem.com

Elkem ASA offers advanced material solutions shaping a better and more sustainable future. The company develops silicones, silicon products, and carbon solutions by combining natural raw materials, renewable energy, and human ingenuity. Elkem helps its customers create and improve essential innovations like electric mobility, digital communications, health, and personal care as well as smarter and more sustainable cities. Elkem has three reportable segments namely Silicones, Silicon Products, and Carbon Solutions. It generates most of the revenue from the Silicones segment.

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