Circle Energy Sweden AB (OSTO:CIRCLE B) Cash-to-Debt : No Debt ⁽¹⁾ (As of Sep. 2024)

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What is Circle Energy Sweden 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. Circle Energy Sweden AB's cash to debt ratio for the quarter that ended in Sep. 2024 was No Debt ⁽¹⁾.

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, Circle Energy Sweden AB could pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

(1) 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.

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

OSTO:CIRCLE B' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.04 Med: No Debt Max: No Debt
Current: 0.04

During the past 5 years, Circle Energy Sweden AB's highest Cash to Debt Ratio was No Debt. The lowest was 0.04. And the median was No Debt.

OSTO:CIRCLE B's Cash-to-Debt is ranked worse than
88.45% of 433 companies
in the Utilities - Independent Power Producers industry
Industry Median: 0.24 vs OSTO:CIRCLE B: 0.04

Circle Energy Sweden AB Cash-to-Debt Historical Data

The historical data trend for Circle Energy Sweden 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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Circle Energy Sweden AB Cash-to-Debt Chart

Circle Energy Sweden AB Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

No Debt

0.32

0.25

Circle Energy Sweden AB Quarterly Data
	Dec19	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												0.08	0.25	0.17	No Debt	No Debt

Competitive Comparison of Circle Energy Sweden AB's Cash-to-Debt

For the Utilities - Renewable subindustry, Circle Energy Sweden 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.

Circle Energy Sweden AB's Cash-to-Debt Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Circle Energy Sweden AB's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Circle Energy Sweden AB's Cash-to-Debt falls into.

Circle Energy Sweden 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.

Circle Energy Sweden 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)
	=	2.085	/	(7.023	+	1.5)
	=	0.24

Circle Energy Sweden AB's Cash to Debt Ratio for the quarter that ended in Sep. 2024 is calculated as:

Circle Energy Sweden AB had no debt ⁽¹⁾.

Circle Energy Sweden AB (OSTO:CIRCLE B) 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.

Circle Energy Sweden AB Cash-to-Debt Related Terms

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Circle Energy Sweden AB Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Circle Energy Sweden AB (OSTO:CIRCLE B) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

X92:Germany

Address

Skeppargatan 8, Box 5209, Stockholm, SWE, 102 45

Website

https://www.circleenergy.se

Circle Energy Sweden AB is an energy company for green energy production. The company establishes facilities for the production of renewable energy. The company has expanded its business to include solar energy, battery storage, and bio-oil. The company aims to establish long-term, sustainable and cost-effective energy solutions that pave the way for a stable energy system in Europe.

Circle Energy Sweden AB Headlines

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Circle Energy Sweden AB (OSTO:CIRCLE B) Cash-to-Debt : No Debt (1) (As of Sep. 2024)