Jetpak Top Holding AB (publ) (OSTO:JETPAK) Cash-to-Debt : 1.01 (As of Mar. 2024)

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What is Jetpak Top Holding AB (publ) 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. Jetpak Top Holding AB (publ)'s cash to debt ratio for the quarter that ended in Mar. 2024 was 1.01.

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, Jetpak Top Holding AB (publ) could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

The historical rank and industry rank for Jetpak Top Holding AB (publ)'s Cash-to-Debt or its related term are showing as below:

OSTO:JETPAK' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.06 Med: 0.65 Max: 1.12
Current: 1.01

During the past 9 years, Jetpak Top Holding AB (publ)'s highest Cash to Debt Ratio was 1.12. The lowest was 0.06. And the median was 0.65.

OSTO:JETPAK's Cash-to-Debt is ranked better than
65.67% of 967 companies
in the Transportation industry
Industry Median: 0.49 vs OSTO:JETPAK: 1.01

Jetpak Top Holding AB (publ) Cash-to-Debt Historical Data

The historical data trend for Jetpak Top Holding AB (publ)'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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Jetpak Top Holding AB (publ) Cash-to-Debt Chart

Jetpak Top Holding AB (publ) Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.40

0.35

0.52

0.84

1.12

Jetpak Top Holding AB (publ) 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															0.71	0.79	1.07	1.12	1.01

Competitive Comparison of Jetpak Top Holding AB (publ)'s Cash-to-Debt

For the Integrated Freight & Logistics subindustry, Jetpak Top Holding AB (publ)'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.

Jetpak Top Holding AB (publ)'s Cash-to-Debt Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Jetpak Top Holding AB (publ)'s Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Jetpak Top Holding AB (publ)'s Cash-to-Debt falls into.

Jetpak Top Holding AB (publ) 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.

Jetpak Top Holding AB (publ)'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)
	=	227.239	/	(22.938	+	180.759)
	=	1.12

Jetpak Top Holding AB (publ)'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)
	=	204.801	/	(23.637	+	178.437)
	=	1.01

Jetpak Top Holding AB (publ) (OSTO:JETPAK) 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.

Jetpak Top Holding AB (publ) Cash-to-Debt Related Terms

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Jetpak Top Holding AB (publ) (OSTO:JETPAK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Jetpak Top Holding AB (publ) (OSTO:JETPAK) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Tornvägen 17 A, Stockholm, SWE, 19060

Website

https://www.jetpak.com

Jetpak Top Holding AB (publ) is a provider of express logistics services. The company is engaged in time-critical logistics. Its operations are divided into Express Air and Express Road segment. The Express segment consists of the air-based courier/logistics services. The Express Road segment consists of the fully ground-based courier/logistics services;. Services offered by the company include courier express, jetpack direct, jetpack nextday, courier logistics, customer specific and linehaul. It provides express logistics services mainly in the Nordic region (Sweden, Norway, Denmark and Finland) it is also present in the Baltics, Benelux, UK and Poland.

Jetpak Top Holding AB (publ) (OSTO:JETPAK) Headlines

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