Eastnine AB (OSTO:EAST) Cash-to-Debt : 0.45 (As of Mar. 2024)

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What is Eastnine 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. Eastnine AB's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.45.

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

OSTO:EAST' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.06 Med: No Debt Max: No Debt
Current: 0.45

During the past 13 years, Eastnine AB's highest Cash to Debt Ratio was No Debt. The lowest was 0.06. And the median was No Debt.

OSTO:EAST's Cash-to-Debt is ranked better than
62.65% of 1786 companies
in the Real Estate industry
Industry Median: 0.25 vs OSTO:EAST: 0.45

Eastnine AB Cash-to-Debt Historical Data

The historical data trend for Eastnine 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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Eastnine AB Cash-to-Debt Chart

Eastnine AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.27

0.14

0.12

0.06

0.45

Eastnine AB Quarterly Data
	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Dec17	Dec18	Dec19	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															0.06	0.09	0.52	0.45	0.45

Competitive Comparison of Eastnine AB's Cash-to-Debt

For the Real Estate Services subindustry, Eastnine 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.

Eastnine AB's Cash-to-Debt Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Eastnine AB's Cash-to-Debt distribution charts can be found below:

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

Eastnine AB Cash-to-Debt Calculation

This is the ratio of a company's Balance Sheet Cash And Cash Equivalents 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.

Eastnine AB's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	1438.749	/	(0	+	3204.074)
	=	0.45

Eastnine AB's Cash to Debt Ratio for the quarter that ended in Mar. 2024 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	1451.448	/	(0	+	3224.097)
	=	0.45

Eastnine AB (OSTO:EAST) 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.

Eastnine AB Cash-to-Debt Related Terms

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Eastnine AB (OSTO:EAST) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Eastnine AB (OSTO:EAST) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

O06:Germany

Address

Kungsgatan 30, Box 7214, Stockholm, SWE, 103 88

Website

https://www.eastnine.com

Eastnine AB is a Swedish real estate company focused on modern and sustainable office and logistics properties in the Baltics and Poland. Its tenants comprise, mainly, large Nordic group companies that operate internationally. The company operates through four segments namely Properties in Lithuania, Properties in Latvia, Properties in Poland and Other investments. The firm generates revenue from Rental income.