Green Landscaping Group AB (OSTO:GREEN) Cash-to-Debt : 0.68 (As of Mar. 2024)

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What is Green Landscaping 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. Green Landscaping Group AB's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.68.

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

OSTO:GREEN' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.04 Med: 0.78 Max: No Debt
Current: 0.68

During the past 9 years, Green Landscaping Group AB's highest Cash to Debt Ratio was No Debt. The lowest was 0.04. And the median was 0.78.

OSTO:GREEN's Cash-to-Debt is ranked worse than
55.57% of 1069 companies
in the Business Services industry
Industry Median: 0.99 vs OSTO:GREEN: 0.68

Green Landscaping Group AB Cash-to-Debt Historical Data

The historical data trend for Green Landscaping 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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Green Landscaping Group AB Cash-to-Debt Chart

Green Landscaping Group AB Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.06

0.13

0.25

0.21

0.17

Green Landscaping 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															1.20	1.16	0.91	0.17	0.68

Competitive Comparison of Green Landscaping Group AB's Cash-to-Debt

For the Specialty Business Services subindustry, Green Landscaping 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.

Green Landscaping Group AB's Cash-to-Debt Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Green Landscaping Group AB's Cash-to-Debt distribution charts can be found below:

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

Green Landscaping 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.

Green Landscaping 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)
	=	416	/	(270	+	2120)
	=	0.17

Green Landscaping 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)
	=	368	/	(172	+	372)
	=	0.68

Green Landscaping Group AB (OSTO:GREEN) 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.

Green Landscaping Group AB Cash-to-Debt Related Terms

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

Green Landscaping Group AB (OSTO:GREEN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Green Landscaping Group AB (OSTO:GREEN) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

2WN:Germany

Address

Biblioteksgatan 25, Stockholm, SWE, 114 35

Website

https://www.greenlandscapinggroup.se

Green Landscaping Group AB is engaged in maintenance and planning of outdoor environments such as green areas, parks, courtyards, tree care and sports facilities. The service areas it is involved in are landscaping and construction and ground maintenance. During winter, it also offers snow and ice removal. The Group is gathered under six geographic segments: Region South, Region Mid, Region Stockholm, Region North, Region Norway and Region Finland and other.

Green Landscaping Group AB (OSTO:GREEN) Headlines

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