Norse Atlantic ASA (OSL:NORSE) Cash-to-Debt : 0.02 (As of Mar. 2024)

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What is Norse Atlantic 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. Norse Atlantic ASA's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.02.

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

OSL:NORSE' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: 0.06 Max: No Debt
Current: 0.02

During the past 3 years, Norse Atlantic ASA's highest Cash to Debt Ratio was No Debt. The lowest was 0.02. And the median was 0.06.

OSL:NORSE's Cash-to-Debt is ranked worse than
98.03% of 964 companies
in the Transportation industry
Industry Median: 0.49 vs OSL:NORSE: 0.02

Norse Atlantic ASA Cash-to-Debt Historical Data

The historical data trend for Norse Atlantic 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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Norse Atlantic ASA Cash-to-Debt Chart

Norse Atlantic ASA Annual Data

Trend

Dec21

Dec22

Dec23

Cash-to-Debt

1.43

0.07

0.04

Norse Atlantic ASA Quarterly Data
	Feb20	Jun21	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial						0.04	0.05	0.03	0.04	0.02

Competitive Comparison of Norse Atlantic ASA's Cash-to-Debt

For the Airlines subindustry, Norse Atlantic 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.

Norse Atlantic ASA's Cash-to-Debt Distribution in the Transportation Industry

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

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

Norse Atlantic 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.

Norse Atlantic 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)
	=	414.908	/	(756.181	+	9517.11)
	=	0.04

Norse Atlantic 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)
	=	197.884	/	(809.427	+	9375.111)
	=	0.02

Norse Atlantic ASA (OSL:NORSE) 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.

Norse Atlantic ASA Cash-to-Debt Related Terms

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Norse Atlantic ASA (OSL:NORSE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Norse Atlantic ASA (OSL:NORSE) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

NRSAF:USA 9LG0:Germany

Address

Floyveien 14, Arendal, NOR, 4838

Website

https://www.flynorse.com

Norse Atlantic ASA is a new innovative airline serving the low-cost, intercontinental market between popular European and The USA destinations with a fleet of modern, fuel-efficient, and more environmentally friendly Boeing 787 Dreamliners. Geographically, the company operates in Norway. United Kingdom, Europe, The USA and Other.

Norse Atlantic ASA (OSL:NORSE) Headlines

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