Enea AB (OSTO:ENEA) Cash-to-Debt : 0.91 (As of Mar. 2024)

View and export this data going back to 1994. Start your Free Trial

What is Enea 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. Enea AB's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.91.

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

OSTO:ENEA' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.12 Med: 0.58 Max: No Debt
Current: 0.91

During the past 13 years, Enea AB's highest Cash to Debt Ratio was No Debt. The lowest was 0.12. And the median was 0.58.

OSTO:ENEA's Cash-to-Debt is ranked worse than
66.06% of 2708 companies
in the Software industry
Industry Median: 2.47 vs OSTO:ENEA: 0.91

Enea AB Cash-to-Debt Historical Data

The historical data trend for Enea 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.

* Premium members only.

Enea AB Cash-to-Debt Chart

Enea AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

0.37

0.41

0.27

0.39

0.51

Enea AB 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															0.29	0.53	0.64	0.51	0.91

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

For the Software - Infrastructure subindustry, Enea 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.

Enea AB's Cash-to-Debt Distribution in the Software Industry

For the Software industry and Technology sector, Enea AB's Cash-to-Debt distribution charts can be found below:

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

Enea 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.

Enea 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)
	=	261.791	/	(44.361	+	465.074)
	=	0.51

Enea AB'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)
	=	328.1	/	(332.2	+	30.3)
	=	0.91

Enea AB (OSTO:ENEA) 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.

Enea AB Cash-to-Debt Related Terms

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

Enea AB (OSTO:ENEA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Enea AB (OSTO:ENEA) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

0RP6:UK

Address

Kista, P.O Box 1033, Stockholm, SWE, SE-164 21

Website

https://www.enea.com

Enea AB is a supplier of advance software components for telecommunications and cybersecurity. The firm's focus areas are cloud-native, 5G-ready products for the mobile core, network virtualization, and traffic intelligence. More than 4.5 billion people rely on Enea technologies in their daily lives when they use mobile phones and connect to the internet. Enea also has a global services organization that develops software on assignments from customers that have operations in industries with strict requirements on performance and reliability. The company earns revenue by rendering services like Licensesing service, Support & maintenance services and Professional services. Geographical presence in Sweden, America, EMEA and Asia.

Enea AB (OSTO:ENEA) Headlines

No Headlines