NetEnt AB (OSTO:NET IL B.PFD) Cash-to-Debt : 0.16 (As of Sep. 2020)

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What is NetEnt 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. NetEnt AB's cash to debt ratio for the quarter that ended in Sep. 2020 was 0.16.

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, NetEnt AB couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2020.

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

OSTO:NET IL B.PFD' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.11 Med: No Debt Max: No Debt
Current: 0.16

During the past 13 years, NetEnt AB's highest Cash to Debt Ratio was No Debt. The lowest was 0.11. And the median was No Debt.

OSTO:NET IL B.PFD's Cash-to-Debt is not ranked
in the Interactive Media industry.
Industry Median: 5.03 vs OSTO:NET IL B.PFD: 0.16

NetEnt AB Cash-to-Debt Historical Data

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

NetEnt AB Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Cash-to-Debt

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No Debt

0.11

NetEnt AB Quarterly Data
	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20
Cash-to-Debt	Get a 7-Day Free Trial															0.12	0.11	0.11	0.11	0.16

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

For the Electronic Gaming & Multimedia subindustry, NetEnt 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.

NetEnt AB's Cash-to-Debt Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, NetEnt AB's Cash-to-Debt distribution charts can be found below:

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

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NetEnt 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.

NetEnt AB's Cash to Debt Ratio for the fiscal year that ended in Dec. 2019 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)
	=	265.458	/	(300.773	+	2153.022)
	=	0.11

NetEnt AB's Cash to Debt Ratio for the quarter that ended in Sep. 2020 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)
	=	337.309	/	(302.913	+	1852.758)
	=	0.16

NetEnt AB (OSTO:NET IL B.PFD) 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.

NetEnt AB Cash-to-Debt Related Terms

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NetEnt AB Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » NetEnt AB (OSTO:NET IL B.PFD) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

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Address

Vasagatan 16, Stockholm, SWE, SE-111 20

Website

http://www.netent.com

NetEnt AB is a Swedish company that is involved in the entertainment business and primarily develops and sells casino systems and game applications. The company's gaming portfolio comprises various game categories, including video slots, the firm's most popular category; branded games; live casino; table games; video poker; lottery and other; mini games; and pooled jackpot games. NetEnt and its customers, which are casino operators, work according to a partnership model where gaming operators pay a monthly license fee to NetEnt calculated as a percentage of the game win generated by NetEnt's games. Outside Sweden, the firm has expanded across Europe, namely in Spain and the United Kingdom, as well as New Jersey in the United States.

NetEnt AB Headlines

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