Netel Holding AB (OSTO:NETEL) Cash-to-Debt : 0.25 (As of Sep. 2024)

View and export this data going back to 2021. Start your Free Trial

What is Netel Holding 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. Netel Holding AB's cash to debt ratio for the quarter that ended in Sep. 2024 was 0.25.

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

OSTO:NETEL' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.14 Med: 0.25 Max: 0.46
Current: 0.25

During the past 6 years, Netel Holding AB's highest Cash to Debt Ratio was 0.46. The lowest was 0.14. And the median was 0.25.

OSTO:NETEL's Cash-to-Debt is ranked worse than
69.73% of 1718 companies
in the Construction industry
Industry Median: 0.61 vs OSTO:NETEL: 0.25

Netel Holding AB Cash-to-Debt Historical Data

The historical data trend for Netel Holding 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.

* Premium members only.

Netel Holding AB Cash-to-Debt Chart

Netel Holding AB Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

0.19

0.23

0.46

0.34

0.42

Netel Holding AB Quarterly Data
	Dec18	Dec19	Jun20	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														0.26	0.42	0.27	0.26	0.25

Competitive Comparison of Netel Holding AB's Cash-to-Debt

For the Engineering & Construction subindustry, Netel Holding 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.

Netel Holding AB's Cash-to-Debt Distribution in the Construction Industry

For the Construction industry and Industrials sector, Netel Holding AB's Cash-to-Debt distribution charts can be found below:

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

Netel Holding 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.

Netel Holding 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)
	=	446	/	(53	+	1003)
	=	0.42

Netel Holding 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)
	=	249	/	(50	+	955)
	=	0.25

Netel Holding AB (OSTO:NETEL) 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.

Netel Holding AB Cash-to-Debt Related Terms

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

Netel Holding AB Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Netel Holding AB (OSTO:NETEL) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

0AAB:UK 2CR:Germany

Address

Fagelviksvagen 9, 7th Floor, Stockholm, SWE, SE-145 84

Website

https://www.netelgroup.com

Netel Holding AB is a specialist in critical infrastructure projects and services. It offers customers efficient, high-quality infrastructure projects and services through its extensive experience, broad geographical presence, and decentralized organization. It caters to industry players in power, telecommunications, and heating as well as water and sewage in carrying out projects as well as services and maintenance. It undertakes projects like planning, building, and maintaining electricity distribution networks, carrying out projects within street lighting, electric car charges, and building and maintaining both fibre and mobile networks among others. The company has five operating segments: Sweden which generates key revenue, Norway, Finland, Germany, and the United Kingdom.

Netel Holding AB Headlines

No Headlines