Neovici Holding AB (publ) Co (OSTO:NEO B) Cash-to-Debt : 0.20 (As of Mar. 2025)

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What is Neovici Holding AB (publ) Co 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. Neovici Holding AB (publ) Co's cash to debt ratio for the quarter that ended in Mar. 2025 was 0.20.

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, Neovici Holding AB (publ) Co couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2025.

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

OSTO:NEO B' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.2 Med: 0.5 Max: 33.01
Current: 0.2

During the past 3 years, Neovici Holding AB (publ) Co's highest Cash to Debt Ratio was 33.01. The lowest was 0.20. And the median was 0.50.

OSTO:NEO B's Cash-to-Debt is ranked worse than
87.16% of 2811 companies
in the Software industry
Industry Median: 2.69 vs OSTO:NEO B: 0.20

Neovici Holding AB (publ) Co Cash-to-Debt Historical Data

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

Neovici Holding AB (publ) Co Annual Data

Trend

Dec22

Dec23

Dec24

Cash-to-Debt

27.01

0.40

33.01

Neovici Holding AB (publ) Co Quarterly Data
	Dec22	Mar23	Sep23	Dec23	Mar24	Sep24	Dec24	Mar25
Cash-to-Debt	Get a 7-Day Free Trial			0.40	0.58	0.42	33.01	0.20

Competitive Comparison of Neovici Holding AB (publ) Co's Cash-to-Debt

For the Software - Application subindustry, Neovici Holding AB (publ) Co'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.

Neovici Holding AB (publ) Co's Cash-to-Debt Distribution in the Software Industry

For the Software industry and Technology sector, Neovici Holding AB (publ) Co's Cash-to-Debt distribution charts can be found below:

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

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Neovici Holding AB (publ) Co 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.

Neovici Holding AB (publ) Co's Cash to Debt Ratio for the fiscal year that ended in Dec. 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)
	=	11.189	/	(0.12	+	0.219)
	=	33.01

Neovici Holding AB (publ) Co's Cash to Debt Ratio for the quarter that ended in Mar. 2025 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)
	=	1.523	/	(3.25	+	4.396)
	=	0.20

Neovici Holding AB (publ) Co (OSTO:NEO 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.

Neovici Holding AB (publ) Co Cash-to-Debt Related Terms

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Neovici Holding AB (publ) Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Neovici Holding AB (publ) Co (OSTO:NEO B) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Stora Nygatan 27, Stockholm, SWE, 111 27

Website

https://www.neovici.se

Neovici Holding AB (publ) Co is engaged in providing automated financial services through a SaaS model (Software-as-a-Service). It develop, sell and implement a cloud-based platform for financial automation. The company operates in the Nordic region and in Latin America.

Neovici Holding AB (publ) Co Headlines

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