BE Group AB (OSTO:BEGR) Cash-to-Debt : 0.03 (As of Sep. 2024)

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What is BE Group AB 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. BE Group AB's cash to debt ratio for the quarter that ended in Sep. 2024 was 0.03.

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, BE Group AB couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

The historical rank and industry rank for BE Group AB's Cash-to-Debt or its related term are showing as below:

OSTO:BEGR' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.1 Max: 0.31
Current: 0.03

During the past 13 years, BE Group AB's highest Cash to Debt Ratio was 0.31. The lowest was 0.01. And the median was 0.10.

OSTO:BEGR's Cash-to-Debt is ranked worse than
91.68% of 625 companies
in the Steel industry
Industry Median: 0.38 vs OSTO:BEGR: 0.03

BE Group AB Cash-to-Debt Historical Data

The historical data trend for BE Group AB'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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BE Group AB Cash-to-Debt Chart

BE Group AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.16

0.19

0.07

0.06

0.09

BE Group AB Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial															0.02	0.09	0.04	0.06	0.03

Competitive Comparison of BE Group AB's Cash-to-Debt

For the Steel subindustry, BE Group AB'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.

BE Group AB's Cash-to-Debt Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, BE Group AB's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where BE Group AB's Cash-to-Debt falls into.

BE Group AB 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.

BE Group AB'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)
	=	74	/	(103	+	710)
	=	0.09

BE Group AB's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	25	/	(102	+	680)
	=	0.03

BE Group AB (OSTO:BEGR) 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.

BE Group AB Cash-to-Debt Related Terms

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BE Group AB Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » BE Group AB (OSTO:BEGR) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

0RGK:UK BGA1:Germany

Address

Krangatan 4B, Box 225, Malmo, SWE, 201 22

Website

https://www.begroup.com

BE Group AB is a steel service company engaged in trading and servicing steel, stainless steel, aluminium and other related products. The company offers direct deliveries, inventory sales and production services within the construction and engineering sectors. Its product range consists of commercial steel and tubes, engineering steel, reinforcing steel, stainless steel and aluminium. In addition, the company's resources for production service include cutting and sawing of steel, stainless steel and aluminium, shot-blasting and protective painting, cutting and drilling facilities, integrated in-line, flame-cutting, slitting and cutting to length and pre-processing of reinforcing steel. Geographically, the segments of the company are Sweden and Polen; Finland and the Baltics.

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