Zalaris ASA (OSL:ZAL) Cash-to-Debt : 0.30 (As of Mar. 2024)

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What is Zalaris 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. Zalaris ASA's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.30.

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

OSL:ZAL' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.05 Med: 0.29 Max: 86.79
Current: 0.3

During the past 13 years, Zalaris ASA's highest Cash to Debt Ratio was 86.79. The lowest was 0.05. And the median was 0.29.

OSL:ZAL's Cash-to-Debt is ranked worse than
71.13% of 1060 companies
in the Business Services industry
Industry Median: 1.01 vs OSL:ZAL: 0.30

Zalaris ASA Cash-to-Debt Historical Data

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

Zalaris ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.14

0.30

0.44

0.20

0.26

Zalaris 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															0.23	0.21	0.23	0.26	0.30

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

For the Staffing & Employment Services subindustry, Zalaris 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.

Zalaris ASA's Cash-to-Debt Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Zalaris ASA's Cash-to-Debt distribution charts can be found below:

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

Zalaris 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.

Zalaris 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)
	=	131.63	/	(29.226	+	468.549)
	=	0.26

Zalaris 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)
	=	157.47	/	(23.96	+	498.17)
	=	0.30

Zalaris ASA (OSL:ZAL) 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.

Zalaris ASA Cash-to-Debt Related Terms

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Zalaris ASA (OSL:ZAL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Zalaris ASA (OSL:ZAL) » Definitions » Cash-to-Debt

Comparable Companies

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ZALO:Sweden

Address

Hoffsveien 4, Oslo, NOR, NO-0275

Website

https://www.zalaris.com

Zalaris ASA is engaged in delivering full-service outsourced personnel and payroll services. The company has two reportable segments that are Managed Services and Professional Services. Managed services include payroll and HR outsourcing services, as well as related cloud system solutions and services. Professional Services include deliveries of change projects based on Zalaris templates or implementation of customer-specific functionality. Managed services contribute to the majority of the revenue. The company operates in Norway, Northern Europe, Central Europe, the United Kingdom, Ireland and APAC.

Zalaris ASA (OSL:ZAL) Headlines

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