Solar AS (STU:ZVR) Cash-to-Debt : 0.14 (As of Sep. 2024)

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What is Solar 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. Solar AS's cash to debt ratio for the quarter that ended in Sep. 2024 was 0.14.

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

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

STU:ZVR' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: 0.14 Max: 1.43
Current: 0.14

During the past 13 years, Solar AS's highest Cash to Debt Ratio was 1.43. The lowest was 0.02. And the median was 0.14.

STU:ZVR's Cash-to-Debt is ranked worse than
91.12% of 2454 companies
in the Hardware industry
Industry Median: 1.285 vs STU:ZVR: 0.14

Solar AS Cash-to-Debt Historical Data

The historical data trend for Solar 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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Solar AS Cash-to-Debt Chart

Solar AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.06

0.76

1.08

0.13

0.28

Solar AS Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial															0.14	0.28	0.19	0.22	0.14

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

For the Electronics & Computer Distribution subindustry, Solar 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.

Solar AS's Cash-to-Debt Distribution in the Hardware Industry

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

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

Solar 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.

Solar 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)
	=	59.167	/	(113.102	+	101.161)
	=	0.28

Solar AS's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	35.943	/	(161.745	+	94.955)
	=	0.14

Solar AS (STU:ZVR) 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.

Solar AS Cash-to-Debt Related Terms

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Solar AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Solar AS (STU:ZVR) » Definitions » Cash-to-Debt

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Traded in Other Exchanges

0G33:UK SOLAR B:Denmark

Address

Industrivej Vest 43, Vejen, DNK, 6600

Website

https://www.solar.eu

Solar AS is an sourcing and services company mainly within electrical, heating & plumbing and climate & energy solutions. Its core business centres on product sourcing, value-adding services and optimisation of customer's businesses. It has three business segment; Installation, Industry and Trade. Installation covers installation of electrical, and heating and plumbing products, while industry covers industry, offshore and marine, and utility and infrastructure, trade covers other small areas. Key revenue is generated from Installation segment.

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