Elmera Group ASA (OSL:ELMRA) Cash-to-Debt : 0.08 (As of Mar. 2024)

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What is Elmera Group 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. Elmera Group ASA's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.08.

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

OSL:ELMRA' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.04 Med: 1.02 Max: No Debt
Current: 0.08

During the past 9 years, Elmera Group ASA's highest Cash to Debt Ratio was No Debt. The lowest was 0.04. And the median was 1.02.

OSL:ELMRA's Cash-to-Debt is ranked worse than
74.45% of 497 companies
in the Utilities - Regulated industry
Industry Median: 0.25 vs OSL:ELMRA: 0.08

Elmera Group ASA Cash-to-Debt Historical Data

The historical data trend for Elmera Group 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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Elmera Group ASA Cash-to-Debt Chart

Elmera Group ASA Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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2.95

0.59

0.34

0.04

0.35

Elmera Group 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															0.05	0.09	0.16	0.35	0.08

Competitive Comparison of Elmera Group ASA's Cash-to-Debt

For the Utilities - Regulated Electric subindustry, Elmera Group 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.

Elmera Group ASA's Cash-to-Debt Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Elmera Group ASA's Cash-to-Debt distribution charts can be found below:

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

Elmera Group 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.

Elmera Group 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)
	=	338.746	/	(388.091	+	578.562)
	=	0.35

Elmera Group 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)
	=	114.348	/	(799.424	+	554.471)
	=	0.08

Elmera Group ASA (OSL:ELMRA) 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.

Elmera Group ASA Cash-to-Debt Related Terms

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

Elmera Group ASA (OSL:ELMRA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Elmera Group ASA (OSL:ELMRA) » Definitions » Cash-to-Debt

Comparable Companies

ENFN RSSS PDFS EGAN MKTW DHX RMNI MITK WFCF AVID NEE SO DUK LSE:NG. PCG AEP EXC D XEL ED

Traded in Other Exchanges

FKRAFTo:Sweden 1ZK:Germany 1ZK:Germany

Address

Folke Bernadottes vei 38, Fyllingsdalen, Bergen, NOR, 5147

Website

https://investor.elmeragroup.no

Elmera Group ASA formerly Fjordkraft Holding ASA is an electric power supply company that serves the private and public sectors along with the residences of Norway. It operates in segments being; Consumer, Business, Nordic and New Growth Initiatives (NGI), which consists of its mobile services business, the alliance segment and the Extended Alliance. The consumer segment comprises the sale of electrical power to private consumers which generates key revenue whilst the latter comprises of sale of electricity to businesses.

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