Q-Free ASA (Q-Free ASA) Cash-to-Debt : 0.30 (As of Sep. 2023)

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What is Q-Free 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. Q-Free ASA's cash to debt ratio for the quarter that ended in Sep. 2023 was 0.30.

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, Q-Free ASA couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

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

QFREF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.07 Med: 0.31 Max: 2.73
Current: 0.3

During the past 13 years, Q-Free ASA's highest Cash to Debt Ratio was 2.73. The lowest was 0.07. And the median was 0.31.

QFREF's Cash-to-Debt is not ranked
in the Construction industry.
Industry Median: 0.63 vs QFREF: 0.30

Q-Free ASA Cash-to-Debt Historical Data

The historical data trend for Q-Free 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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Q-Free ASA Cash-to-Debt Chart

Q-Free ASA Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

Get a 7-Day Free Trial

0.42

0.11

0.22

0.28

0.26

Q-Free ASA Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial															0.23	0.26	0.25	0.21	0.30

Competitive Comparison of Q-Free ASA's Cash-to-Debt

For the Infrastructure Operations subindustry, Q-Free 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.

Q-Free ASA's Cash-to-Debt Distribution in the Construction Industry

For the Construction industry and Industrials sector, Q-Free ASA's Cash-to-Debt distribution charts can be found below:

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

Q-Free 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.

Q-Free ASA'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)
	=	7.731	/	(7.957	+	21.916)
	=	0.26

Q-Free ASA's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	5.734	/	(3.435	+	15.784)
	=	0.30

Q-Free ASA (OTCPK:QFREF) 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.

Q-Free ASA Cash-to-Debt Related Terms

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

Q-Free ASA (Q-Free ASA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Q-Free ASA (OTCPK:QFREF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Strindfjordvegen 1, Ranheim, NOR, 7053

Website

https://www.q-free.com

Q-Free ASA is engaged in the business of supplying products and solutions within Road User Charging (RUC) and Advanced Transportation Management Systems (ATMs). The company has three segments, namely Tolling, Traffic Management, and Assets held for sale. The majority of its revenue comes from the Tolling segment. Its Tolling solutions include Electronic Multi-Lane Free-Flow Toll Collection, Congestion Charging & Low-Emission Zones, Road User Charging, Enforcement, and Truck & Ferry Tolling. Its geographical segments are Europe, APMEA (Asia Pacific/Middle East/Africa), and the Americas.

Q-Free ASA (Q-Free ASA) Headlines

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