Freja eID Group AB (OSTO:FREJA) Cash-to-Debt : 0.35 (As of Mar. 2024)

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What is Freja eID 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. Freja eID Group AB's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.35.

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

OSTO:FREJA' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.06 Med: 4.01 Max: No Debt
Current: 0.35

During the past 12 years, Freja eID Group AB's highest Cash to Debt Ratio was No Debt. The lowest was 0.06. And the median was 4.01.

OSTO:FREJA's Cash-to-Debt is ranked worse than
80.43% of 2805 companies
in the Software industry
Industry Median: 2.57 vs OSTO:FREJA: 0.35

Freja eID Group AB Cash-to-Debt Historical Data

The historical data trend for Freja eID 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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Freja eID Group AB Cash-to-Debt Chart

Freja eID Group AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.62

4.01

2.08

0.36

0.28

Freja eID Group 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															0.18	0.18	0.06	0.28	0.35

Competitive Comparison of Freja eID Group AB's Cash-to-Debt

For the Software - Infrastructure subindustry, Freja eID 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.

Freja eID Group AB's Cash-to-Debt Distribution in the Software Industry

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

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

Freja eID 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.

Freja eID 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)
	=	5.444	/	(14.496	+	5.001)
	=	0.28

Freja eID Group 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)
	=	9.031	/	(16.659	+	9.366)
	=	0.35

Freja eID Group AB (OSTO:FREJA) 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.

Freja eID Group AB Cash-to-Debt Related Terms

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Freja eID Group AB (OSTO:FREJA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Freja eID Group AB (OSTO:FREJA) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Vasagatan 40, Box 3328, Stockholm, SWE, 103 66

Website

https://www.frejaeid.com

Freja eID Group AB is a Swedish tech company. The company offers an ID platform that gives the user control over their digital identity and data. Through the platform, the user can interact with companies and authorities but also with private individuals. The functions include e-identification, electronic signatures, sign-up, check-out, physical identification, and e-service identification. Its business is based on the Swedish market and the platform is built for international scalability.

Freja eID Group AB (OSTO:FREJA) Headlines

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