NNIT AS (STU:5NN) Cash-to-Debt : 0.31 (As of Jun. 2024)

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What is NNIT AS 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. NNIT AS's cash to debt ratio for the quarter that ended in Jun. 2024 was 0.31.

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, NNIT AS couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2024.

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

STU:5NN' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.13 Med: 0.29 Max: No Debt
Current: 0.31

During the past 12 years, NNIT AS's highest Cash to Debt Ratio was No Debt. The lowest was 0.13. And the median was 0.29.

STU:5NN's Cash-to-Debt is ranked worse than
80.76% of 2796 companies
in the Software industry
Industry Median: 2.33 vs STU:5NN: 0.31

NNIT AS Cash-to-Debt Historical Data

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

NNIT AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.21

0.25

0.33

0.21

0.77

NNIT AS Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Cash-to-Debt	Get a 7-Day Free Trial															0.20	0.21	0.64	0.77	0.31

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

For the Information Technology Services subindustry, NNIT AS'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.

NNIT AS's Cash-to-Debt Distribution in the Software Industry

For the Software industry and Technology sector, NNIT AS's Cash-to-Debt distribution charts can be found below:

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

NNIT AS 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.

NNIT AS'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)
	=	34.078	/	(6.842	+	37.567)
	=	0.77

NNIT AS's Cash to Debt Ratio for the quarter that ended in Jun. 2024 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)
	=	21.706	/	(31.085	+	40.196)
	=	0.30

NNIT AS (STU:5NN) 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.

NNIT AS Cash-to-Debt Related Terms

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NNIT AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » NNIT AS (STU:5NN) » Definitions » Cash-to-Debt

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Traded in Other Exchanges

0R5Z:UK NNIT:Denmark

Address

Oestmarken 3A, Soeborg, DNK, 2860

Website

https://www.nnit.com

NNIT AS is a Denmark-based company that offers consultancy services in IT (Information Technology) development, implementation, and operations. The services provided by the company include advising, building, implementing, managing, and supporting IT solutions and operating IT systems for customers. The company's reporting segment comprises of Region Denmark; Region Europe; Region US, and Region Asia out of which Region Denmark derives the majority of revenue.

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