Hemnet Group AB (OSTO:HEM) Cash-to-Debt : 0.25 (As of Sep. 2024)

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What is Hemnet 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. Hemnet Group AB's cash to debt ratio for the quarter that ended in Sep. 2024 was 0.25.

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, Hemnet Group AB couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

The historical rank and industry rank for Hemnet Group AB's Cash-to-Debt or its related term are showing as below:

OSTO:HEM' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.17 Med: 0.31 Max: 0.76
Current: 0.25

During the past 6 years, Hemnet Group AB's highest Cash to Debt Ratio was 0.76. The lowest was 0.17. And the median was 0.31.

OSTO:HEM's Cash-to-Debt is ranked worse than
87.85% of 576 companies
in the Interactive Media industry
Industry Median: 4.95 vs OSTO:HEM: 0.25

Hemnet Group AB Cash-to-Debt Historical Data

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

Hemnet Group AB Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.36

0.40

0.33

0.31

0.19

Hemnet Group AB Quarterly Data
	Dec18	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial															0.29	0.19	0.17	0.21	0.25

Competitive Comparison of Hemnet Group AB's Cash-to-Debt

For the Internet Content & Information subindustry, Hemnet 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.

Hemnet Group AB's Cash-to-Debt Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Hemnet Group AB's Cash-to-Debt distribution charts can be found below:

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

Hemnet 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.

Hemnet 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)
	=	102.6	/	(8.1	+	532.6)
	=	0.19

Hemnet Group AB's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	145.1	/	(8.3	+	574.8)
	=	0.25

Hemnet Group AB (OSTO:HEM) 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.

Hemnet Group AB Cash-to-Debt Related Terms

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

Hemnet Group AB Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Hemnet Group AB (OSTO:HEM) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

HMNTY:USA HEMs:UK 8QV:Germany

Address

Sveavagen 9, Stockholm, SWE, 111 57

Website

https://www.hemnetgroup.se

Hemnet Group AB operates a real estate platform in Sweden. By offering a combination of relevant products, insights, and inspiration, Hemnet has built lasting relationships with buyers, sellers, and agents. It generates revenue by selling housing ads on its platform and value-added services purchased by sellers, realtors, and partners.

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