Norske Skog ASA (OSL:NSKOG) Cash-to-Debt : 0.49 (As of Dec. 2023)

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What is Norske Skog 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. Norske Skog ASA's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.49.

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, Norske Skog ASA couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

OSL:NSKOG' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.06 Med: 0.4 Max: 0.71
Current: 0.49

During the past 13 years, Norske Skog ASA's highest Cash to Debt Ratio was 0.71. The lowest was 0.06. And the median was 0.40.

OSL:NSKOG's Cash-to-Debt is ranked better than
58.51% of 282 companies
in the Forest Products industry
Industry Median: 0.315 vs OSL:NSKOG: 0.49

Norske Skog ASA Cash-to-Debt Historical Data

The historical data trend for Norske Skog 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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Norske Skog ASA Cash-to-Debt Chart

Norske Skog ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.54

0.59

0.71

0.49

Norske Skog ASA Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															0.71	0.69	0.61	0.43	0.49

Competitive Comparison of Norske Skog ASA's Cash-to-Debt

For the Paper & Paper Products subindustry, Norske Skog 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.

Norske Skog ASA's Cash-to-Debt Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Norske Skog ASA's Cash-to-Debt distribution charts can be found below:

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

Norske Skog 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.

Norske Skog 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)
	=	2463	/	(517	+	4536)
	=	0.49

Norske Skog 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)
	=	2463	/	(517	+	4536)
	=	0.49

Norske Skog ASA (OSL:NSKOG) 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.

Norske Skog ASA Cash-to-Debt Related Terms

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Norske Skog ASA (OSL:NSKOG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Norske Skog ASA (OSL:NSKOG) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

NSKOGo:Sweden

Address

Sjolyst plass 2, Oslo, NOR, 0278

Website

https://www.norskeskog.com

Norske Skog ASA is an industrial company in publication paper, packaging paper, energy production, and bioproducts. Publication paper products comprise both newsprint and magazine paper, both of which are marketed under the NOR brand. Packaging paper includes the recycled containerboard grades test liner and fluting, which are marketed under the STRATO brand. The company's core bioproducts are the nano cellulose product CEBINA and the bio-composite product CEBICO. Norske Skog owns and operates four industrial sites in Europe, and one industrial site in Australasia.

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