REC Silicon ASA (OSTO:RECO) Cash-to-Debt : 0.31 (As of Mar. 2024)

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What is REC Silicon ASA 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. REC Silicon ASA's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.31.

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, REC Silicon ASA couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

OSTO:RECo' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.16 Med: 0.51 Max: 2.91
Current: 0.31

During the past 13 years, REC Silicon ASA's highest Cash to Debt Ratio was 2.91. The lowest was 0.16. And the median was 0.51.

OSTO:RECo's Cash-to-Debt is ranked worse than
83.79% of 993 companies
in the Semiconductors industry
Industry Median: 1.79 vs OSTO:RECo: 0.31

REC Silicon ASA Cash-to-Debt Historical Data

The historical data trend for REC Silicon ASA'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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REC Silicon ASA Cash-to-Debt Chart

REC Silicon ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.16

0.61

0.56

0.57

0.48

REC Silicon ASA Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															0.72	0.22	1.81	0.48	0.31

Competitive Comparison of REC Silicon ASA's Cash-to-Debt

For the Semiconductor Equipment & Materials subindustry, REC Silicon ASA'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.

REC Silicon ASA's Cash-to-Debt Distribution in the Semiconductors Industry

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

* The bar in red indicates where REC Silicon ASA's Cash-to-Debt falls into.

REC Silicon ASA 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.

REC Silicon ASA'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)
	=	1802.892	/	(404.042	+	3327.281)
	=	0.48

REC Silicon ASA's Cash to Debt Ratio for the quarter that ended in Mar. 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)
	=	1072.883	/	(83.836	+	3332.199)
	=	0.31

REC Silicon ASA (OSTO:RECo) 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.

REC Silicon ASA Cash-to-Debt Related Terms

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REC Silicon ASA (OSTO:RECO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » REC Silicon ASA (OSTO:RECo) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

RNWEY:USA RNWEF:USA RECSI:Norway R3Q:Germany

Address

Fornebuveien 84, PO Box 63, Lysaker, NOR, 1324

Website

https://www.recsilicon.com

REC Silicon ASA is a producer of silicon materials, supplying high-purity polysilicon and silicon gases to the solar and electronics industries. The product offered by the group includes Solar grade polysilicon, Electronic grade polysilicon and Silicon gases. It operates in two segments namely Solar Materials and Semiconductor Materials. Majority of the firm's revenue gets generated through Semiconductor Materials segment.

REC Silicon ASA (OSTO:RECO) Headlines

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