AS Baltika (OTSE:BLT1T) Cash-to-Debt : 0.02 (As of Mar. 2023)

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What is AS Baltika 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. AS Baltika's cash to debt ratio for the quarter that ended in Mar. 2023 was 0.02.

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, AS Baltika couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2023.

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

OTSE:BLT1T's Cash-to-Debt is not ranked ^*
in the Retail - Cyclical industry.
Industry Median: 0.47
* Ranked among companies with meaningful Cash-to-Debt only.

AS Baltika Cash-to-Debt Historical Data

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

AS Baltika Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

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0.05

0.01

0.13

0.07

0.02

AS Baltika Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Cash-to-Debt	Get a 7-Day Free Trial															0.06	0.04	0.03	0.02	0.02

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

For the Apparel Retail subindustry, AS Baltika'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.

AS Baltika's Cash-to-Debt Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, AS Baltika's Cash-to-Debt distribution charts can be found below:

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

AS Baltika 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.

AS Baltika'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)
	=	0.222	/	(4.909	+	4.296)
	=	0.02

AS Baltika's Cash to Debt Ratio for the quarter that ended in Mar. 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)
	=	0.129	/	(4.768	+	3.908)
	=	0.01

AS Baltika (OTSE:BLT1T) 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.

AS Baltika Cash-to-Debt Related Terms

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AS Baltika (OTSE:BLT1T) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » AS Baltika (OTSE:BLT1T) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Valukoja 10, Tallinn, EST, 11415

Website

https://www.baltikagroup.com

AS Baltika is a fashion retailer and is engaged in designing, manufacturing, distribution, wholesale, retail and supply chain management. It develops and operates fashion brands such as Ivo Nikkolo. Most of its revenue is derived from the sale of goods in retail channels followed by wholesale and franchise channel. Geographically, the company operates its business mainly from Europe. It operates in the business segments; Retail segment, E-commerce segment and All other segments. The retail segment consists of retail operations in Estonia, Latvia, Lithuania and Finland. All other segments consist of the sale of good to wholesale and franchise clients, material and sewing services and e-commerce sales.

AS Baltika (OTSE:BLT1T) Headlines

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