Nekkar ASA (OSL:NKR) Cash-to-Debt : 14.53 (As of Dec. 2023)

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What is Nekkar 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. Nekkar ASA's cash to debt ratio for the quarter that ended in Dec. 2023 was 14.53.

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, Nekkar ASA could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

OSL:NKR' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.34 Med: 7.87 Max: 434.91
Current: 14.53

During the past 13 years, Nekkar ASA's highest Cash to Debt Ratio was 434.91. The lowest was 0.34. And the median was 7.87.

OSL:NKR's Cash-to-Debt is ranked better than
80.11% of 3006 companies
in the Industrial Products industry
Industry Median: 1.19 vs OSL:NKR: 14.53

Nekkar ASA Cash-to-Debt Historical Data

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

Nekkar ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

434.91

64.57

30.09

42.50

14.53

Nekkar ASA Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															30.09	37.32	42.50	16.03	14.53

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

For the Specialty Industrial Machinery subindustry, Nekkar 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.

Nekkar ASA's Cash-to-Debt Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Nekkar ASA's Cash-to-Debt distribution charts can be found below:

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

Nekkar 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.

Nekkar 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)
	=	194.162	/	(4.276	+	9.087)
	=	14.53

Nekkar ASA's Cash to Debt Ratio for the quarter 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)
	=	194.162	/	(4.276	+	9.087)
	=	14.53

Nekkar ASA (OSL:NKR) 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.

Nekkar ASA Cash-to-Debt Related Terms

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Nekkar ASA (OSL:NKR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Nekkar ASA (OSL:NKR) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

TTSO:Sweden 0TT:Germany

Address

Andoyfaret 15, Kristiansand, NOR, 4623

Website

https://www.nekkar.com

Nekkar ASA is a company based on an industrial philosophy utilizing smart design, digitalization, and electrification to achieve higher efficiency and more sustainable solutions for multiple industries. Its main activities are related to Shipyard Solutions, Digital Solutions, and others. The company generates maximum revenue from the Shipyard Solutions segment. Geographically, it derives a majority of revenue from South Asia and also has a presence in Europe; South East Asia; North East Asia; West Asia; America; Africa, and Australia.