Troax Group AB (OSTO:TROAX) Cash-to-Debt : No Debt ⁽¹⁾ (As of Mar. 2024)

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What is Troax Group 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. Troax Group AB's cash to debt ratio for the quarter that ended in Mar. 2024 was No Debt ⁽¹⁾.

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, Troax Group AB could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

(1) 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.

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

OSTO:TROAX' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.14 Med: No Debt Max: No Debt
Current: 0.38

During the past 13 years, Troax Group AB's highest Cash to Debt Ratio was No Debt. The lowest was 0.14. And the median was No Debt.

OSTO:TROAX's Cash-to-Debt is ranked worse than
73.1% of 2996 companies
in the Industrial Products industry
Industry Median: 1.18 vs OSTO:TROAX: 0.38

Troax Group AB Cash-to-Debt Historical Data

The historical data trend for Troax Group 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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Troax Group AB Cash-to-Debt Chart

Troax Group AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.38

0.43

0.52

0.40

Troax Group AB 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															No Debt	No Debt	No Debt	0.40	No Debt

Competitive Comparison of Troax Group AB's Cash-to-Debt

For the Specialty Industrial Machinery subindustry, Troax Group 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.

Troax Group AB's Cash-to-Debt Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Troax Group AB's Cash-to-Debt distribution charts can be found below:

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

Troax Group 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.

Troax Group 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)
	=	370.985	/	(0	+	919.962)
	=	0.40

Troax Group AB's Cash to Debt Ratio for the quarter that ended in Mar. 2024 is calculated as:

Troax Group AB had no debt ⁽¹⁾.

Troax Group AB (OSTO:TROAX) 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.

Troax Group AB Cash-to-Debt Related Terms

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

Troax Group AB (OSTO:TROAX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Troax Group AB (OSTO:TROAX) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

5TO:Germany

Address

P.O. Box 89, Hillerstorp, SWE, SE-335 04

Website

https://www.troax.com

Troax Group AB focuses on three business areas namely Property Protection; Machine Guarding and Warehouse Partitioning. It generates maximum revenue from the Machine Guarding business. The Group's net sales are divided into the following five geographical areas: The Nordic region, the UK, Continental Europe, North America, and New markets, it derives a majority of revenue from the Continental Europe region. Sales and installation mainly take place via own sales companies in Europe, the USA, and China, & via a small number of agents. Machine Guarding comprises Troax's standardised protection solutions for robot cells and automation solutions. The solutions comprise everything from individual mesh panels to complete installations of safety doors and locks equipped with circuit breakers.

Troax Group AB (OSTO:TROAX) Headlines

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Troax Group AB (OSTO:TROAX) Cash-to-Debt : No Debt (1) (As of Mar. 2024)