Lumi Gruppen AS (OSL:LUMI) Cash-to-Debt : 0.15 (As of Jun. 2024)

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What is Lumi Gruppen 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. Lumi Gruppen AS's cash to debt ratio for the quarter that ended in Jun. 2024 was 0.15.

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, Lumi Gruppen AS couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2024.

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

OSL:LUMI' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: 0.14 Max: 0.32
Current: 0.15

During the past 4 years, Lumi Gruppen AS's highest Cash to Debt Ratio was 0.32. The lowest was 0.02. And the median was 0.14.

OSL:LUMI's Cash-to-Debt is ranked worse than
88.06% of 268 companies
in the Education industry
Industry Median: 1.42 vs OSL:LUMI: 0.15

Lumi Gruppen AS Cash-to-Debt Historical Data

The historical data trend for Lumi Gruppen 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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Lumi Gruppen AS Cash-to-Debt Chart

Lumi Gruppen AS Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

0.02

0.11

0.05

0.14

Lumi Gruppen AS Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Jun24
Cash-to-Debt	Get a 7-Day Free Trial												0.32	0.15	0.24	0.14	0.15

Competitive Comparison of Lumi Gruppen AS's Cash-to-Debt

For the Education & Training Services subindustry, Lumi Gruppen 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.

Lumi Gruppen AS's Cash-to-Debt Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Lumi Gruppen AS's Cash-to-Debt distribution charts can be found below:

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

Lumi Gruppen 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.

Lumi Gruppen AS'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)
	=	67.647	/	(86.355	+	412.277)
	=	0.14

Lumi Gruppen AS's Cash to Debt Ratio for the quarter that ended in Jun. 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)
	=	65.125	/	(56.075	+	376.834)
	=	0.15

Lumi Gruppen AS (OSL:LUMI) 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.

Lumi Gruppen AS Cash-to-Debt Related Terms

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Lumi Gruppen AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Lumi Gruppen AS (OSL:LUMI) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Pilestredet 56, Oslo, NOR, 0167

Website

https://www.lumigruppen.no

Lumi Gruppen AS is a private educational institution. Its focuses on each student and have a broad range of education programs both on-campus and online, from high school to vocational and university college. The company's segment includes Sonans; Oslo Nye Hoyskole; Ntech and others. It generates maximum revenue from the Sonans segment.

Lumi Gruppen AS Headlines

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