Karnell Group AB (OSTO:KARNEL B) Cash-to-Debt : 0.43 (As of Sep. 2024)

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What is Karnell 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. Karnell Group AB's cash to debt ratio for the quarter that ended in Sep. 2024 was 0.43.

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

OSTO:KARNEL B' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.35 Med: 0.54 Max: 0.97
Current: 0.43

During the past 3 years, Karnell Group AB's highest Cash to Debt Ratio was 0.97. The lowest was 0.35. And the median was 0.54.

OSTO:KARNEL B's Cash-to-Debt is ranked worse than
68.2% of 1453 companies
in the Asset Management industry
Industry Median: 5.48 vs OSTO:KARNEL B: 0.43

Karnell Group AB Cash-to-Debt Historical Data

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

Karnell Group AB Annual Data

Trend

Dec21

Dec22

Dec23

Cash-to-Debt

0.97

0.35

0.43

Karnell Group AB Quarterly Data
	Dec21	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial				N/A	0.43	0.70	0.65	0.43

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

For the Asset Management subindustry, Karnell 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.

Karnell Group AB's Cash-to-Debt Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Karnell Group AB's Cash-to-Debt distribution charts can be found below:

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

Karnell 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.

Karnell 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)
	=	190.416	/	(118.79	+	325.347)
	=	0.43

Karnell 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)
	=	241.3	/	(123.1	+	444.5)
	=	0.43

Karnell Group AB (OSTO:KARNEL 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.

Karnell Group AB Cash-to-Debt Related Terms

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Karnell Group AB Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Karnell Group AB (OSTO:KARNEL B) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

O4X:Germany

Address

Riddargatan 13D, Stockholm, SWE, 114 51

Website

https://www.karnell.se

Karnell Group AB is a company that is an active owner of industrial technology companies. The Company's business concept is to use a systematic and proactive acquisition strategy to identify and invest in industrial technology companies where Karnell believes there is development potential and thus an opportunity for value creation with Karnell as a long-term owner. It consists of twelve directly owned group companies, with subsidiaries, divided into two business areas that includes Product companies and Niched manufacturers. The business area Product companies consists of companies that wholly or predominantly base their business on proprietary products, which may include various rights such as trademarks, patents, etc.

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