Hexicon AB (OSTO:HEXI) Cash-to-Debt : 0.06 (As of Sep. 2024)

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What is Hexicon 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. Hexicon AB's cash to debt ratio for the quarter that ended in Sep. 2024 was 0.06.

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

OSTO:HEXI' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.06 Med: 1.48 Max: 935.5
Current: 0.06

During the past 5 years, Hexicon AB's highest Cash to Debt Ratio was 935.50. The lowest was 0.06. And the median was 1.48.

OSTO:HEXI's Cash-to-Debt is ranked worse than
90.7% of 1720 companies
in the Construction industry
Industry Median: 0.62 vs OSTO:HEXI: 0.06

Hexicon AB Cash-to-Debt Historical Data

The historical data trend for Hexicon 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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Hexicon AB Cash-to-Debt Chart

Hexicon AB Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

0.06

143.85

97.80

2.29

0.66

Hexicon AB Quarterly Data
	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														0.22	0.66	0.27	0.08	0.06

Competitive Comparison of Hexicon AB's Cash-to-Debt

For the Engineering & Construction subindustry, Hexicon 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.

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

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

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

Hexicon 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.

Hexicon 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)
	=	256.886	/	(309.366	+	78.339)
	=	0.66

Hexicon 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)
	=	38.2	/	(456.2	+	180.2)
	=	0.06

Hexicon AB (OSTO:HEXI) 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.

Hexicon AB Cash-to-Debt Related Terms

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Hexicon AB Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Hexicon AB (OSTO:HEXI) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

67T:Germany

Address

Ostra Jarnvagsgatan 27, Stockholm, SWE, 111 20

Website

https://www.hexicongroup.com

Hexicon AB is a project developer of floating offshore wind, opening new markets in deep water areas, and a technology provider with a patented floating wind design. The company has projects in the United Kingdom, Sweden, Italy, South Korea, and South Africa along with a prospect in Ireland. The company generates a majority of its revenue from Sweden followed by Asia and other parts of Europe.

Hexicon AB Headlines

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