TLTZY (Tele2 AB) Cash-to-Debt : 0.07 (As of Sep. 2024)

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What is Tele2 AB 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. Tele2 AB's cash to debt ratio for the quarter that ended in Sep. 2024 was 0.07.

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, Tele2 AB 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 Tele2 AB's Cash-to-Debt or its related term are showing as below:

TLTZY' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.05 Max: 0.46
Current: 0.07

During the past 13 years, Tele2 AB's highest Cash to Debt Ratio was 0.46. The lowest was 0.01. And the median was 0.05.

TLTZY's Cash-to-Debt is ranked worse than
79.52% of 376 companies
in the Telecommunication Services industry
Industry Median: 0.28 vs TLTZY: 0.07

Tele2 AB Cash-to-Debt Historical Data

The historical data trend for Tele2 AB'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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Tele2 AB Cash-to-Debt Chart

Tele2 AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.02

0.03

0.04

0.05

Tele2 AB 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															0.12	0.05	0.13	0.04	0.07

Competitive Comparison of Tele2 AB's Cash-to-Debt

For the Telecom Services subindustry, Tele2 AB'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.

Tele2 AB's Cash-to-Debt Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Tele2 AB's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Tele2 AB's Cash-to-Debt falls into.

Tele2 AB 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.

Tele2 AB'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)
	=	160.271	/	(539.21	+	2480.405)
	=	0.05

Tele2 AB'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)
	=	194.74	/	(527.813	+	2453.612)
	=	0.07

Tele2 AB (OTCPK:TLTZY) 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.

Tele2 AB Cash-to-Debt Related Terms

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Tele2 AB Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Tele2 AB (OTCPK:TLTZY) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

TLTZF:USA TEL2 B:Sweden TEL2 A:Sweden TEL2Bs:UK 0QE6:UK NCY:Germany

Address

Torshamnsgatan 17, P.O. Box 462, Kista, Stockholm, SWE, 16494

Website

https://www.tele2.com

Tele2 is the number two telecom operator by market share in Sweden, after Telia. Tele2 was a pure mobile operator until 2018 when it acquired Com Hem, Sweden's largest cable company. Tele2 is also present in the Baltic markets, where it runs a pure mobile business. During the past decade, Tele2 has shown very good cost discipline and a healthy dividend policy, which we expect to remain.