JLT Mobile Computers AB (OSTO:JLT) Cash-to-Debt : No Debt ⁽¹⁾ (As of Mar. 2024)

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What is JLT Mobile Computers 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. JLT Mobile Computers AB's cash to debt ratio for the quarter that ended in Mar. 2024 was No Debt ⁽¹⁾.

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, JLT Mobile Computers AB could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

(1) 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.

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

OSTO:JLT' s Cash-to-Debt Range Over the Past 10 Years
Min: No Debt Med: No Debt Max: No Debt
Current: No Debt

During the past 13 years, JLT Mobile Computers AB's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

OSTO:JLT's Cash-to-Debt is ranked better than
99.76% of 2479 companies
in the Hardware industry
Industry Median: 1.32 vs OSTO:JLT: No Debt

JLT Mobile Computers AB Cash-to-Debt Historical Data

The historical data trend for JLT Mobile Computers 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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JLT Mobile Computers AB Cash-to-Debt Chart

JLT Mobile Computers AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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No Debt

JLT Mobile Computers 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															No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of JLT Mobile Computers AB's Cash-to-Debt

For the Computer Hardware subindustry, JLT Mobile Computers 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.

JLT Mobile Computers AB's Cash-to-Debt Distribution in the Hardware Industry

For the Hardware industry and Technology sector, JLT Mobile Computers AB's Cash-to-Debt distribution charts can be found below:

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

JLT Mobile Computers 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.

JLT Mobile Computers AB's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

JLT Mobile Computers AB had no debt ⁽¹⁾.

JLT Mobile Computers AB's Cash to Debt Ratio for the quarter that ended in Mar. 2024 is calculated as:

JLT Mobile Computers AB had no debt ⁽¹⁾.

JLT Mobile Computers AB (OSTO:JLT) 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.

JLT Mobile Computers AB Cash-to-Debt Related Terms

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

JLT Mobile Computers AB (OSTO:JLT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » JLT Mobile Computers AB (OSTO:JLT) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

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Address

Isbjornsvagen 3, Vaxjo, SWE, SE-352 45

Website

https://www.jltmobile.com

JLT Mobile Computers AB is a Sweden based company engaged in the manufacturing of rugged mobile computers. It is engaged in the development, manufacture, and marketing of rugged vehicle-mounted computers and mobile handheld tablet computers. The computers are manufactured to withstand environmental conditions like moisture, dust, vibrations, electromagnetic fields or extreme temperatures. The company's products are used in many industries, including warehousing, ports, agriculture, and mining. The company conducts sales in three geographic regions: the Nordics, EMEA (Europe excluding the Nordics, plus the Middle East and Africa) and the Americas (North and South America).

JLT Mobile Computers AB (OSTO:JLT) Headlines

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JLT Mobile Computers AB (OSTO:JLT) Cash-to-Debt : No Debt (1) (As of Mar. 2024)