Polaris Media ASA (OSL:POL) Cash-to-Debt : 0.20 (As of Mar. 2024)

View and export this data going back to 2008. Start your Free Trial

What is Polaris Media 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. Polaris Media ASA's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.20.

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

OSL:POL' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.15 Med: 0.51 Max: 0.95
Current: 0.2

During the past 13 years, Polaris Media ASA's highest Cash to Debt Ratio was 0.95. The lowest was 0.15. And the median was 0.51.

OSL:POL's Cash-to-Debt is ranked worse than
77.4% of 1000 companies
in the Media - Diversified industry
Industry Median: 1.235 vs OSL:POL: 0.20

Polaris Media ASA Cash-to-Debt Historical Data

The historical data trend for Polaris Media 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.

* Premium members only.

Polaris Media ASA Cash-to-Debt Chart

Polaris Media ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

0.51

0.66

0.65

0.35

0.22

Polaris Media ASA Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															0.30	0.27	0.15	0.22	0.20

Competitive Comparison of Polaris Media ASA's Cash-to-Debt

For the Publishing subindustry, Polaris Media 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.

Polaris Media ASA's Cash-to-Debt Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Polaris Media ASA's Cash-to-Debt distribution charts can be found below:

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

Polaris Media 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.

Polaris Media 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)
	=	276.156	/	(160.356	+	1083.741)
	=	0.22

Polaris Media 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)
	=	248.6	/	(163.8	+	1079.9)
	=	0.20

Polaris Media ASA (OSL:POL) 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.

Polaris Media ASA Cash-to-Debt Related Terms

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

Polaris Media ASA (OSL:POL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Polaris Media ASA (OSL:POL) » Definitions » Cash-to-Debt

Traded in Other Exchanges

93J:Germany

Address

Ferjemannsveien 10, Trondheim, NOR, 7042

Website

http://www.polarismedia.no

Polaris Media ASA is the largest media house and printing group. It owns and operates media houses, distribution companies and printing companies in Norway and on the west coast of Sweden. The company places great emphasis on the development of journalists as well as the individual media house's social missions and has a strong regional and local foundation with editorial freedom, independence, and transparency.

Polaris Media ASA (OSL:POL) Headlines

No Headlines