Hyon AS (OSL:KNOX) Cash-to-Debt : No Debt ⁽¹⁾ (As of Jun. 2023)

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What is Hyon 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. Hyon AS's cash to debt ratio for the quarter that ended in Jun. 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, Hyon AS could pay off its debt using the cash in hand for the quarter that ended in Jun. 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 Hyon AS's Cash-to-Debt or its related term are showing as below:

OSL:KNOX' s Cash-to-Debt Range Over the Past 10 Years
Min: No Debt Med: No Debt Max: No Debt
Current: No Debt

During the past 5 years, Hyon AS's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

OSL:KNOX's Cash-to-Debt is ranked better than
99.79% of 958 companies
in the Transportation industry
Industry Median: 0.48 vs OSL:KNOX: No Debt

Hyon AS Cash-to-Debt Historical Data

The historical data trend for Hyon 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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Hyon AS Cash-to-Debt Chart

Hyon AS Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

No Debt

Hyon AS Semi-Annual Data
	Dec18	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Cash-to-Debt	Get a 7-Day Free Trial			N/A	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Hyon AS's Cash-to-Debt

For the Marine Shipping subindustry, Hyon 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.

Hyon AS's Cash-to-Debt Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Hyon AS's Cash-to-Debt distribution charts can be found below:

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

Hyon 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.

Hyon AS's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 is calculated as:

Hyon AS had no debt ⁽¹⁾.

Hyon AS's Cash to Debt Ratio for the quarter that ended in Jun. 2023 is calculated as:

Hyon AS had no debt ⁽¹⁾.

Hyon AS (OSL:KNOX) 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.

Hyon AS Cash-to-Debt Related Terms

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

Hyon AS (OSL:KNOX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Hyon AS (OSL:KNOX) » Definitions » Cash-to-Debt

Traded in Other Exchanges

V3I:Germany

Address

Stromso torg 4, Drammen, NOR, 3044

Website

https://www.hyon.energy

Hyon AS is a Norway-based company engaged in developing and delivering high-capacity hydrogen fueling systems for ships. The company transfers hydrogen from shore to the ships either as a stand-alone fueling solution or as an integrated solution combining production, storage, and distribution on a barge.

Hyon AS (OSL:KNOX) Headlines

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Hyon AS (OSL:KNOX) Cash-to-Debt : No Debt (1) (As of Jun. 2023)