Dug Foodtech AB (OSTO:DUG) Cash-to-Debt : No Debt ⁽¹⁾ (As of Mar. 2024)

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What is Dug Foodtech 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. Dug Foodtech 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, Dug Foodtech 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 Dug Foodtech AB's Cash-to-Debt or its related term are showing as below:

OSTO:DUG' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.25 Med: No Debt Max: No Debt
Current: No Debt

During the past 7 years, Dug Foodtech AB's highest Cash to Debt Ratio was No Debt. The lowest was 0.25. And the median was No Debt.

OSTO:DUG's Cash-to-Debt is ranked better than
99.89% of 1875 companies
in the Consumer Packaged Goods industry
Industry Median: 0.5 vs OSTO:DUG: No Debt

Dug Foodtech AB Cash-to-Debt Historical Data

The historical data trend for Dug Foodtech 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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Dug Foodtech AB Cash-to-Debt Chart

Dug Foodtech AB Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

0.25

No Debt

Dug Foodtech AB Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Dug Foodtech AB's Cash-to-Debt

For the Packaged Foods subindustry, Dug Foodtech 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.

Dug Foodtech AB's Cash-to-Debt Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Dug Foodtech AB's Cash-to-Debt distribution charts can be found below:

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

Dug Foodtech 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.

Dug Foodtech AB's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 is calculated as:

Dug Foodtech AB had no debt ⁽¹⁾.

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

Dug Foodtech AB had no debt ⁽¹⁾.

Dug Foodtech AB (OSTO:DUG) 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.

Dug Foodtech AB Cash-to-Debt Related Terms

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

Dug Foodtech AB Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Dug Foodtech AB (OSTO:DUG) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Scheelevagen 22, Lund, SWE, SE-223 63

Website

https://www.dugdrinks.com

Veg of Lund AB is plant-based goodness from Swedish food innovation. The company develops unique plant-based foods. The company owns patented methods for developing new food categories for plant-based foods. Its products are sold in Europe and Asia under the DUG brand.

Dug Foodtech AB (OSTO:DUG) Cash-to-Debt : No Debt (1) (As of Mar. 2024)