Vas AG (WBO:VAS) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is Vas AG 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. Vas AG's cash to debt ratio for the quarter that ended in Dec. 2023 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, Vas AG could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

(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 Vas AG's Cash-to-Debt or its related term are showing as below:

WBO:VAS' s Cash-to-Debt Range Over the Past 10 Years
Min: No Debt Med: No Debt Max: No Debt
Current: No Debt

During the past 3 years, Vas AG's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

WBO:VAS's Cash-to-Debt is ranked better than
99.54% of 434 companies
in the Utilities - Independent Power Producers industry
Industry Median: 0.23 vs WBO:VAS: No Debt

Vas AG Cash-to-Debt Historical Data

The historical data trend for Vas AG'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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Vas AG Cash-to-Debt Chart

Vas AG Annual Data

Trend

Dec21

Dec22

Dec23

Cash-to-Debt

No Debt

Vas AG Semi-Annual Data
	Dec21	Dec22	Dec23
Cash-to-Debt	No Debt	No Debt	No Debt

Competitive Comparison of Vas AG's Cash-to-Debt

For the Utilities - Independent Power Producers subindustry, Vas AG'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.

Vas AG's Cash-to-Debt Distribution in the Utilities - Independent Power Producers Industry

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

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

Vas AG 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.

Vas AG's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Vas AG had no debt ⁽¹⁾.

Vas AG's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Vas AG had no debt ⁽¹⁾.

Vas AG (WBO:VAS) 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.

Vas AG Cash-to-Debt Related Terms

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

Vas AG (WBO:VAS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Vas AG (WBO:VAS) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lagerhausstraße 6, Wals-Siezenheim, Salzburg, AUT, 5071

Website

https://www.vas.co.at

Vas AG is a one-stop provider of solid fuel combustion plants for generating heat and electricity. It engages in the development, planning, construction, and maintenance of hot water systems, thermal oil systems and steam plants.

Vas AG (WBO:VAS) Headlines

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Vas AG (WBO:VAS) Cash-to-Debt : No Debt (1) (As of Dec. 2023)