RanMarine Technology BV (RanMarine Technology BV) Cash-to-Debt : 0.06 (As of Jun. 2023)

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What is RanMarine Technology BV 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. RanMarine Technology BV's cash to debt ratio for the quarter that ended in Jun. 2023 was 0.06.

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, RanMarine Technology BV couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2023.

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

RAN's Cash-to-Debt is not ranked ^*
in the Industrial Products industry.
Industry Median: 1.235
* Ranked among companies with meaningful Cash-to-Debt only.

RanMarine Technology BV Cash-to-Debt Historical Data

The historical data trend for RanMarine Technology BV'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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RanMarine Technology BV Cash-to-Debt Chart

RanMarine Technology BV Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

1.29

0.27

RanMarine Technology BV Quarterly Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Cash-to-Debt	Get a 7-Day Free Trial			N/A	0.27	0.04	-	0.06

Competitive Comparison of RanMarine Technology BV's Cash-to-Debt

For the Pollution & Treatment Controls subindustry, RanMarine Technology BV'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.

RanMarine Technology BV's Cash-to-Debt Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, RanMarine Technology BV's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where RanMarine Technology BV's Cash-to-Debt falls into.

RanMarine Technology BV 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.

RanMarine Technology BV'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	/	(1.436	+	0.142)
	=	0.00

RanMarine Technology BV's Cash to Debt Ratio for the quarter that ended in Jun. 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)
	=	0.2	/	(3.41	+	0.109)
	=	0.06

RanMarine Technology BV (NAS:RAN) 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.

RanMarine Technology BV Cash-to-Debt Related Terms

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RanMarine Technology BV (RanMarine Technology BV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » RanMarine Technology BV (NAS:RAN) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

https://www.ranmarine.io

RanMarine Technology BV is a pioneering company specializing in the design and development of advanced technologies, including autonomous surface vessels (ASVs) for the efficient cleanup of pollution, bio-waste, and debris in various aquatic environments and waterways.

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