Norbit ASA (OSL:NORBT) Cash-to-Debt : 0.21 (As of Sep. 2024)

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What is Norbit 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. Norbit ASA's cash to debt ratio for the quarter that ended in Sep. 2024 was 0.21.

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, Norbit ASA couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

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

OSL:NORBT' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: 0.13 Max: 0.72
Current: 0.21

During the past 9 years, Norbit ASA's highest Cash to Debt Ratio was 0.72. The lowest was 0.02. And the median was 0.13.

OSL:NORBT's Cash-to-Debt is ranked worse than
86.74% of 2459 companies
in the Hardware industry
Industry Median: 1.29 vs OSL:NORBT: 0.21

Norbit ASA Cash-to-Debt Historical Data

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

Norbit ASA Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.56

0.07

0.04

0.09

0.19

Norbit ASA Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial															0.14	0.19	0.25	0.20	0.21

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

For the Scientific & Technical Instruments subindustry, Norbit 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.

Norbit ASA's Cash-to-Debt Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Norbit ASA's Cash-to-Debt distribution charts can be found below:

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

Norbit 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.

Norbit 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)
	=	49.6	/	(106.1	+	160.1)
	=	0.19

Norbit ASA's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	116.1	/	(44.6	+	517.1)
	=	0.21

Norbit ASA (OSL:NORBT) 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.

Norbit ASA Cash-to-Debt Related Terms

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

Norbit ASA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Norbit ASA (OSL:NORBT) » Definitions » Cash-to-Debt

Comparable Companies

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NORBITo:Sweden 4NK:Germany

Address

Stiklestadveien 1, Trondheim, NOR, NO-7041

Website

https://www.norbit.com

Norbit ASA is l provider of tailored technology to selected applications by solving challenges through solutions. It operates in three segments namely, the Oceans segment which delivers tailored technology and solutions to the maritime markets, Connectivity (ITS) segment which offers tailored connectivity solutions based on short-range communication technology to intelligent traffic systems and truck applications, and The Product, Innovation & Realization (PIR) segment offers R&D services and contract manufacturing services to key customers. It has manufacturing facilities in Selbu and Roros. It derives maximum revenue from Oceans Segment.

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