Horisont Energi AS (STU:9GJ) Cash-to-Debt : 36.80 (As of Dec. 2024)

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What is Horisont Energi 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. Horisont Energi AS's cash to debt ratio for the quarter that ended in Dec. 2024 was 36.80.

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, Horisont Energi AS could pay off its debt using the cash in hand for the quarter that ended in Dec. 2024.

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

STU:9GJ' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.02 Med: 29.99 Max: No Debt
Current: 36.74

During the past 6 years, Horisont Energi AS's highest Cash to Debt Ratio was No Debt. The lowest was 1.02. And the median was 29.99.

STU:9GJ's Cash-to-Debt is ranked better than
85.1% of 3007 companies
in the Industrial Products industry
Industry Median: 1.24 vs STU:9GJ: 36.74

Horisont Energi AS Cash-to-Debt Historical Data

The historical data trend for Horisont Energi 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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Horisont Energi AS Cash-to-Debt Chart

Horisont Energi AS Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Cash-to-Debt

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1.01

20.00

35.32

24.65

36.80

Horisont Energi AS Quarterly Data
	Dec19	Sep20	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Cash-to-Debt	Get a 7-Day Free Trial													24.65	24.01	21.53	19.00	36.80

Competitive Comparison of Horisont Energi AS's Cash-to-Debt

For the Pollution & Treatment Controls subindustry, Horisont Energi 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.

Horisont Energi AS's Cash-to-Debt Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Horisont Energi AS's Cash-to-Debt distribution charts can be found below:

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

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Horisont Energi 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.

Horisont Energi AS's Cash to Debt Ratio for the fiscal year that ended in Dec. 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)
	=	6.771	/	(0.127	+	0.057)
	=	36.80

Horisont Energi AS's Cash to Debt Ratio for the quarter that ended in Dec. 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)
	=	6.771	/	(0.127	+	0.057)
	=	36.80

Horisont Energi AS (STU:9GJ) 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.

Horisont Energi AS Cash-to-Debt Related Terms

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

Horisont Energi AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Horisont Energi AS (STU:9GJ) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

HRGI:Norway 9GJ:Germany

Address

Grenseveien 21, Sandnes, NOR, 4313

Website

https://www.horisontenergi.no

Horisont Energi AS is a Norwegian clean energy, carbon infrastructure, and storage company. It is developing blue hydrogen, blue ammonia, and carbon storage solutions, providing clean energy and carbon transport, and storage services. The company transforms gas, water, and renewable energy into clean ammonia and hydrogen and offers CO2 transportation and storage services using proprietary technology. Its Project includes the Gismarvik CO2 hub, the Polaris carbon storage project, and the Barents Blue project for the production of clean ammonia, featuring a low carbon footprint.

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