Ocean GeoLoop AS (OSL:OCEAN) Cash-to-Debt : 43.70 (As of Dec. 2023)

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What is Ocean GeoLoop 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. Ocean GeoLoop AS's cash to debt ratio for the quarter that ended in Dec. 2023 was 43.70.

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, Ocean GeoLoop AS 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 Ocean GeoLoop AS's Cash-to-Debt or its related term are showing as below:

OSL:OCEAN' s Cash-to-Debt Range Over the Past 10 Years
Min: 43.7 Med: 5026.09 Max: No Debt
Current: 43.7

During the past 5 years, Ocean GeoLoop AS's highest Cash to Debt Ratio was No Debt. The lowest was 43.70. And the median was 5026.09.

OSL:OCEAN's Cash-to-Debt is ranked better than
86.85% of 2996 companies
in the Industrial Products industry
Industry Median: 1.22 vs OSL:OCEAN: 43.70

Ocean GeoLoop AS Cash-to-Debt Historical Data

The historical data trend for Ocean GeoLoop 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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Ocean GeoLoop AS Cash-to-Debt Chart

Ocean GeoLoop AS Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

N/A

No Debt

52.18

43.70

Ocean GeoLoop AS Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial			No Debt	116.97	52.18	48.88	43.70

Competitive Comparison of Ocean GeoLoop AS's Cash-to-Debt

For the Pollution & Treatment Controls subindustry, Ocean GeoLoop 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.

Ocean GeoLoop AS's Cash-to-Debt Distribution in the Industrial Products Industry

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

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

Ocean GeoLoop 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.

Ocean GeoLoop 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)
	=	114.287	/	(0	+	2.615)
	=	43.70

Ocean GeoLoop AS'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)
	=	114.287	/	(0	+	2.615)
	=	43.70

Ocean GeoLoop AS (OSL:OCEAN) 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.

Ocean GeoLoop AS Cash-to-Debt Related Terms

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

Ocean GeoLoop AS (OSL:OCEAN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Ocean GeoLoop AS (OSL:OCEAN) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Neptunvegen 6, Verdal, NOR, 7652

Website

https://www.oceangeoloop.com

Ocean GeoLoop AS is a green tech company aiming at using nature's own way of solving challenges in a circular way. The company develops, pilots, and commercializes multifunctional environmental technologies, including point source carbon capture.

Ocean GeoLoop AS (OSL:OCEAN) Headlines

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