Hitech & Development Wireless Sweden Holding AB (OSTO:HDW B) Cash-to-Debt : 1.76 (As of Sep. 2023)

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What is Hitech & Development Wireless Sweden Holding 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. Hitech & Development Wireless Sweden Holding AB's cash to debt ratio for the quarter that ended in Sep. 2023 was 1.76.

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, Hitech & Development Wireless Sweden Holding AB could pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

The historical rank and industry rank for Hitech & Development Wireless Sweden Holding AB's Cash-to-Debt or its related term are showing as below:

OSTO:HDW B' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.05 Med: 1.36 Max: No Debt
Current: 1.76

During the past 8 years, Hitech & Development Wireless Sweden Holding AB's highest Cash to Debt Ratio was No Debt. The lowest was 0.05. And the median was 1.36.

OSTO:HDW B's Cash-to-Debt is ranked better than
55.77% of 2471 companies
in the Hardware industry
Industry Median: 1.35 vs OSTO:HDW B: 1.76

Hitech & Development Wireless Sweden Holding AB Cash-to-Debt Historical Data

The historical data trend for Hitech & Development Wireless Sweden Holding 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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Hitech & Development Wireless Sweden Holding AB Cash-to-Debt Chart

Hitech & Development Wireless Sweden Holding AB Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

0.91

3.92

0.34

1.15

Hitech & Development Wireless Sweden Holding AB Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Jun23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial															0.38	2.34	1.15	0.44	1.76

Competitive Comparison of Hitech & Development Wireless Sweden Holding AB's Cash-to-Debt

For the Communication Equipment subindustry, Hitech & Development Wireless Sweden Holding 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.

Hitech & Development Wireless Sweden Holding AB's Cash-to-Debt Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Hitech & Development Wireless Sweden Holding AB's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Hitech & Development Wireless Sweden Holding AB's Cash-to-Debt falls into.

Hitech & Development Wireless Sweden Holding 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.

Hitech & Development Wireless Sweden Holding AB's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 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)
	=	4.673	/	(1.954	+	2.105)
	=	1.15

Hitech & Development Wireless Sweden Holding AB's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	6.785	/	(0.565	+	3.299)
	=	1.76

Hitech & Development Wireless Sweden Holding AB (OSTO:HDW 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.

Hitech & Development Wireless Sweden Holding AB Cash-to-Debt Related Terms

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Hitech & Development Wireless Sweden Holding AB (OSTO:HDW B) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Hitech & Development Wireless Sweden Holding AB (OSTO:HDW B) » Definitions » Cash-to-Debt

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Traded in Other Exchanges

858:Germany

Address

Kista Science Tower, Farogatan 33, Kista, SWE, 164 51

Website

http://www.hd-wireless.se

Hitech & Development Wireless Sweden Holding AB is engaged in the development, manufacturiing, sale of electronics and computer equipment in specialized disability utilities, automotive electronics, radio communications and sensor technology. It provides connectivity modules for IoT, Industrial and Digital media markets.

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