Midsummer AB (OSTO:MIDS) Cash-to-Debt : 0.15 (As of Sep. 2024)

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What is Midsummer 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. Midsummer AB's cash to debt ratio for the quarter that ended in Sep. 2024 was 0.15.

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

OSTO:MIDS' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.55 Max: 50.04
Current: 0.15

During the past 8 years, Midsummer AB's highest Cash to Debt Ratio was 50.04. The lowest was 0.01. And the median was 0.55.

OSTO:MIDS's Cash-to-Debt is ranked worse than
91.76% of 1007 companies
in the Semiconductors industry
Industry Median: 1.69 vs OSTO:MIDS: 0.15

Midsummer AB Cash-to-Debt Historical Data

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

Midsummer AB Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.50

1.01

0.74

0.01

0.09

Midsummer AB Quarterly Data
	Dec19	Mar20	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	0.09	0.06	0.38	0.15

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

For the Solar subindustry, Midsummer 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.

Midsummer AB's Cash-to-Debt Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Midsummer AB's Cash-to-Debt distribution charts can be found below:

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

Midsummer 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.

Midsummer 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)
	=	20.523	/	(16.657	+	219.849)
	=	0.09

Midsummer 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)
	=	38.689	/	(11.168	+	240.996)
	=	0.15

Midsummer AB (OSTO:MIDS) 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.

Midsummer AB Cash-to-Debt Related Terms

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Midsummer AB Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Midsummer AB (OSTO:MIDS) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

5UX:Germany

Address

Elektronikhojden 6, Jarfalla, SWE, 175 43

Website

http://www.midsummer.se

Midsummer AB is a supplier of equipment for cost-effective manufacturing of CIGS thin film solar cells. The company manufactures solar panels which can be attached on any type of surfaces, such as, membrane roofs, portable power plants, marine installations, vehicle usage, landfill covers or other infrastructure projects.

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