Nordic Financials ASA (STU:82T0) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2024)

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What is Nordic Financials 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. Nordic Financials ASA's cash to debt ratio for the quarter that ended in Dec. 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, Nordic Financials ASA could pay off its debt using the cash in hand for the quarter that ended in Dec. 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 Nordic Financials ASA's Cash-to-Debt or its related term are showing as below:

STU:82T0' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.17 Max: No Debt
Current: 0.01

During the past 13 years, Nordic Financials ASA's highest Cash to Debt Ratio was No Debt. The lowest was 0.01. And the median was 0.17.

STU:82T0's Cash-to-Debt is ranked worse than
96.98% of 431 companies
in the Utilities - Independent Power Producers industry
Industry Median: 0.27 vs STU:82T0: 0.01

Nordic Financials ASA Cash-to-Debt Historical Data

The historical data trend for Nordic Financials 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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Nordic Financials ASA Cash-to-Debt Chart

Nordic Financials ASA Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Cash-to-Debt

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0.89

0.50

0.18

0.15

No Debt

Nordic Financials ASA Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Cash-to-Debt	Get a 7-Day Free Trial															0.15	0.15	0.12	No Debt	No Debt

Competitive Comparison of Nordic Financials ASA's Cash-to-Debt

For the Utilities - Renewable subindustry, Nordic Financials 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.

Nordic Financials ASA's Cash-to-Debt Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Nordic Financials ASA's Cash-to-Debt distribution charts can be found below:

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

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Nordic Financials 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.

Nordic Financials ASA's Cash to Debt Ratio for the fiscal year that ended in Dec. 2024 is calculated as:

Nordic Financials ASA had no debt ⁽¹⁾.

Nordic Financials ASA's Cash to Debt Ratio for the quarter that ended in Dec. 2024 is calculated as:

Nordic Financials ASA had no debt ⁽¹⁾.

Nordic Financials ASA (STU:82T0) 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.

Nordic Financials ASA Cash-to-Debt Related Terms

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

Nordic Financials ASA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Nordic Financials ASA (STU:82T0) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

NOFIN:Norway 82T0:Germany

Address

Thunes vei 2, Oslo, NOR, 0274

Website

https://www.aega.no

Nordic Financials ASA, formerly Aega ASA is a company, which is focused on the renewable energy sector. It is active as a solar utility company that acquires and operates solar power plants. The firm has its operating offices in Oslo, Norway, and Trento, Italy. It owns a portfolio of several individual solar parks in the Umbria, Lazio, Abruzzo, Emilia-Romagna, and Lombardia regions in Italy.

Nordic Financials ASA Headlines

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Nordic Financials ASA (STU:82T0) Cash-to-Debt : No Debt (1) (As of Dec. 2024)