Eolus Vind AB (OSTO:EOLU B) Cash-to-Debt : 0.87 (As of Mar. 2024)

View and export this data going back to 2009. Start your Free Trial

What is Eolus Vind 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. Eolus Vind AB's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.87.

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

OSTO:EOLU B' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.07 Med: 2.01 Max: 6.1
Current: 0.87

During the past 13 years, Eolus Vind AB's highest Cash to Debt Ratio was 6.10. The lowest was 0.07. And the median was 2.01.

OSTO:EOLU B's Cash-to-Debt is ranked better than
57.05% of 1653 companies
in the Construction industry
Industry Median: 0.62 vs OSTO:EOLU B: 0.87

Eolus Vind AB Cash-to-Debt Historical Data

The historical data trend for Eolus Vind 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.

Eolus Vind AB Cash-to-Debt Chart

Eolus Vind AB Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

3.64

2.01

3.36

1.83

0.83

Eolus Vind AB Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															1.13	2.82	1.44	0.83	0.87

Competitive Comparison of Eolus Vind AB's Cash-to-Debt

For the Engineering & Construction subindustry, Eolus Vind 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.

Eolus Vind AB's Cash-to-Debt Distribution in the Construction Industry

For the Construction industry and Industrials sector, Eolus Vind AB's Cash-to-Debt distribution charts can be found below:

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

Eolus Vind 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.

Eolus Vind 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)
	=	575	/	(164	+	528)
	=	0.83

Eolus Vind 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)
	=	725	/	(295	+	541)
	=	0.87

Eolus Vind AB (OSTO:EOLU 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.

Eolus Vind AB Cash-to-Debt Related Terms

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

Eolus Vind AB (OSTO:EOLU B) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Eolus Vind AB (OSTO:EOLU B) » Definitions » Cash-to-Debt

Traded in Other Exchanges

7EVB:Germany

Address

Tredje Avenyen 3, Box 95, Hassleholm, SWE, 281 21

Website

https://www.eolusvind.com

Eolus Vind AB is a wind power contractor in Sweden. The company is engaged in the development and construction of wind turbines for divestment or proprietary management. It is also engaged in project development activity which includes pre-study, project development, establishment, and sale of wind power facilities. Its project portfolio includes onshore wind, offshore wind, solar power, storage, and sea-based wind. The majority of its revenue comes from the project planning segment.

Eolus Vind AB (OSTO:EOLU B) Headlines

No Headlines