Croma NV (XAMS:EHCS) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is Croma NV 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. Croma NV'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, Croma NV 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 Croma NV's Cash-to-Debt or its related term are showing as below:

XAMS:EHCS' 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, Croma NV's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

XAMS:EHCS's Cash-to-Debt is ranked better than
99.81% of 525 companies
in the Diversified Financial Services industry
Industry Median: 5.39 vs XAMS:EHCS: No Debt

Croma NV Cash-to-Debt Historical Data

The historical data trend for Croma NV'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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Croma NV Cash-to-Debt Chart

Croma NV Annual Data

Trend

Dec21

Dec22

Dec23

Cash-to-Debt

No Debt

Croma NV Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Croma NV's Cash-to-Debt

For the Shell Companies subindustry, Croma NV'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.

Croma NV's Cash-to-Debt Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Croma NV's Cash-to-Debt distribution charts can be found below:

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

Croma NV 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.

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

Croma NV had no debt ⁽¹⁾.

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

Croma NV had no debt ⁽¹⁾.

Croma NV (XAMS:EHCS) 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.

Croma NV Cash-to-Debt Related Terms

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

Croma NV (XAMS:EHCS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Croma NV (XAMS:EHCS) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

QX0:Germany

Address

c/o ALR Treuhand GmbH Theresienhohe 28, Munich, BY, DEU, 80338

Website

https://www.ehc-company.com

European Healthcare Acquisition Growth Co BV is a special purpose acquisition company aimed at acquiring companies with principal operations in Europe in the healthcare sector, with a special focus on the subsectors Biotechnology and Specialty Pharma, Pharma Services, Medical Technology and Medical Devices, Diagnostic and Lab Services, Bioinformatics as well as Life Science Tools.

Croma NV (XAMS:EHCS) Headlines

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Croma NV (XAMS:EHCS) Cash-to-Debt : No Debt (1) (As of Dec. 2023)