Photocat AS (OSTO:PCAT) Cash-to-Debt : 0.13 (As of Jun. 2024)

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What is Photocat AS 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. Photocat AS's cash to debt ratio for the quarter that ended in Jun. 2024 was 0.13.

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, Photocat AS couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2024.

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

OSTO:PCAT' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.7 Max: No Debt
Current: 0.13

During the past 11 years, Photocat AS's highest Cash to Debt Ratio was No Debt. The lowest was 0.01. And the median was 0.70.

OSTO:PCAT's Cash-to-Debt is ranked worse than
84.49% of 1547 companies
in the Chemicals industry
Industry Median: 0.69 vs OSTO:PCAT: 0.13

Photocat AS Cash-to-Debt Historical Data

The historical data trend for Photocat AS'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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Photocat AS Cash-to-Debt Chart

Photocat AS Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

Get a 7-Day Free Trial

0.03

No Debt

0.58

0.03

Photocat AS Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Jun24
Cash-to-Debt	Get a 7-Day Free Trial															0.58	0.32	0.03	0.08	0.13

Competitive Comparison of Photocat AS's Cash-to-Debt

For the Specialty Chemicals subindustry, Photocat AS'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.

Photocat AS's Cash-to-Debt Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Photocat AS's Cash-to-Debt distribution charts can be found below:

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

Photocat AS 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.

Photocat AS's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 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)
	=	0.133	/	(1.846	+	2.933)
	=	0.03

Photocat AS's Cash to Debt Ratio for the quarter that ended in Jun. 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)
	=	0.336	/	(2.606	+	0)
	=	0.13

Photocat AS (OSTO:PCAT) 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.

Photocat AS Cash-to-Debt Related Terms

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

Photocat AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Photocat AS (OSTO:PCAT) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Langebjerg 4, Roskilde, DNK, 4000

Website

https://www.photocat.net

Photocat AS is an environmental technology company. Its products include NOxOFF an air cleaning product; ACTi Floor for flooring, wall panel, ceiling panel or related applications; ShineOn, a self-cleaning product; and Photocat Garden a sealing product. The company's solutions are developed for surface integration on a wide variety of materials generally used in urban open spaces and on normal cladding materials in residential properties. The products are marketed under the brands NOxOFF, ACTIFLOOR, SHINE-ON, and Photocat Garden. The Company produce photocatalytic fluids for building materials and asphalt, which reduces harmful matters caused by air pollution.

Photocat AS Headlines

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