Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Tomra Systems ASATMRAY -4.73%87 Cash-to-Debt is 0.10 as of Jun. 2026, which is 50% below its 10-year median of 0.20. GuruFocus rates TMRAY with a GF Score™ of 87/100 and a GF Value™ of $15.74 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 246 Waste Management companies, Tomra Systems ASA ranks worse than 82.93% on this metric.
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. Tomra Systems ASA's cash to debt ratio for the quarter that ended in Jun. 2026 was 0.10.
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, Tomra Systems ASAcouldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2026.
The historical rank and industry rank for Tomra Systems ASA's Cash-to-Debt or its related term are showing as below:
TMRAY'
s Cash-to-Debt Range Over the Past 10 Years
Min: 0.1 Med: 0.2 Max: 0.45
Current: 0.1
During the past 13 years, Tomra Systems ASA's highest Cash to Debt Ratio was 0.45. The lowest was 0.10. And the median was 0.20.
TMRAY's Cash-to-Debt is ranked worse than 82.93% of 246
companies
in the Waste Management industry
Industry Median: 0.41
vs TMRAY: 0.10
Tomra Systems ASA (OTCPK:TMRAY) 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.
Tomra Systems ASA Cash-to-Debt Related Terms
Tomra Systems ASA Cash-to-Debt Historical Data
* Premium members only.
The historical data trend for Tomra Systems 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.
For the Waste Management subindustry, Tomra Systems 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.
Tomra Systems ASA Cash-to-Debt vs Waste Management Industry
For the Waste Management industry and Industrials sector, Tomra Systems ASA's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where Tomra Systems ASA's Cash-to-Debt falls into.
* 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.
Tomra Systems ASA (TMRAY) has a Cash-to-Debt of 0.10 as of Jun. 2026. This is 50% below median its historical median of 0.20. Over the past decade, Tomra Systems ASA's Cash-to-Debt has ranged from 0.10 to 0.45. According to the industry distribution chart, Tomra Systems ASA ranks #204 out of 246 companies in the Waste Management industry, placing it in the top 82.9%.
Is Tomra Systems ASA's Cash-to-Debt too high?
Tomra Systems ASA's current Cash-to-Debt of 0.10 is 50% below median its 10-year median of 0.20. Over the past 10 years, this metric has ranged from a low of 0.10 to a high of 0.45. The Waste Management industry median Cash-to-Debt is 0.41. Tomra Systems ASA's value of 0.10 is 75.6% below this industry median. Based on the distribution chart, Tomra Systems ASA ranks #204 out of 246 companies in the Waste Management industry, which is in the bottom quartile relative to peers. Overall, Tomra Systems ASA has a GF Score™ of 87/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Tomra Systems ASA's Cash-to-Debt compare to WM and RSG?
According to the Waste Management industry distribution chart, Tomra Systems ASA ranks #204 out of 246 companies for Cash-to-Debt. This places Tomra Systems ASA in the lower half of its industry. The industry median Cash-to-Debt is 0.41. Tomra Systems ASA's value of 0.10 is 75.6% below this benchmark. Historically, Tomra Systems ASA's own Cash-to-Debt has ranged from 0.10 to 0.45 over the past decade. While the company's 10-year median is 0.20 vs. the industry median of 0.41, Tomra Systems ASA has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cash-to-Debt for a Waste Management company?
The median Cash-to-Debt among Waste Management companies is 0.41, based on 246 companies in the industry. Companies in the top quartile (top 25%) have a Cash-to-Debt significantly above this median, while those in the bottom quartile fall well below. However, Cash-to-Debt should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Tomra Systems ASA's current Cash-to-Debt of 0.10 is 75.6% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cash-to-Debt mean?
A high Cash-to-Debt can signal that a stock is expensive relative to its fundamentals. For the Waste Management industry, the median Cash-to-Debt is 0.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tomra Systems ASA's current Cash-to-Debt is 0.10, which is 50% below median its own 10-year median of 0.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tomra Systems ASA stock overvalued right now?
Based on GuruFocus' analysis, Tomra Systems ASA (TMRAY) is currently considered Significantly Undervalued. The stock's GF Value™ is $15.74, compared to a current price of $10.26 — trading 34.8% below its estimated fair value. The current Cash-to-Debt is 0.10, which is 50% below median its 10-year median of 0.20 and 75.6% below the Waste Management industry median of 0.41. Tomra Systems ASA's overall GF Score™ is 87/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cash-to-Debt calculated?
Cash-to-Debt is calculated from a company's financial statements. For Tomra Systems ASA (TMRAY), the current Cash-to-Debt is 0.10 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Tomra Systems ASA (TMRAY) Overvalued in 2026?
Based on GuruFocus' analysis, Tomra Systems ASA stock appears to be undervalued.
The current stock price of $10.26 is trading 34.8% below its estimated GF Value™ of $15.74.
GuruFocus considers Tomra Systems ASA to be Significantly Undervalued.
Key valuation signals for TMRAY:
Cash-to-Debt: 0.10 (50% below median its 10-year median of 0.20)
GF Value™: $15.74 vs. price of $10.26 (34.8% below fair value)
Industry Position: 75.6% below the Waste Management median (#204 of 246)
No single metric tells the full story. See the TMRAY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tomra Systems ASA provides sorting and recycling solutions to equip customers for handling waste. The company creates and delivers sensor-based solutions that contribute to optimal resource productivity, in packaging, collection, compaction, recycling, ore sorting, and food production. It provides reverse vending machines, sensor-based sorting machines integrated post-harvest solutions, sensors for waste sorting applications, and other related products and solutions. The company's operating segments are; TOMRA Collection which generates key revenue, TOMRA Recycling, TOMRA Horizon, and TOMRA Food. Geographically, the company generates maximum revenue from Europe region followed by America, Asia, and Oceania.
87GF Score
Get the complete analysis for TMRAY
Cash-to-Debt is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TMRAY has been successfully added to your 
