Holding Nov Vek AD (XBUL:HNVK) Cash-to-Debt : 0.30 (As of Sep. 2023)

View and export this data going back to 2002. Start your Free Trial

What is Holding Nov Vek AD 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. Holding Nov Vek AD's cash to debt ratio for the quarter that ended in Sep. 2023 was 0.30.

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, Holding Nov Vek AD couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

The historical rank and industry rank for Holding Nov Vek AD's Cash-to-Debt or its related term are showing as below:

XBUL:HNVK' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.04 Med: 0.08 Max: 0.39
Current: 0.3

During the past 13 years, Holding Nov Vek AD's highest Cash to Debt Ratio was 0.39. The lowest was 0.04. And the median was 0.08.

XBUL:HNVK's Cash-to-Debt is ranked worse than
72.05% of 1474 companies
in the Asset Management industry
Industry Median: 5.66 vs XBUL:HNVK: 0.30

Holding Nov Vek AD Cash-to-Debt Historical Data

The historical data trend for Holding Nov Vek AD'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.

* Premium members only.

Holding Nov Vek AD Cash-to-Debt Chart

Holding Nov Vek AD Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

Get a 7-Day Free Trial

0.07

0.08

0.36

Holding Nov Vek AD Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial															0.25	0.36	0.32	0.27	0.30

Competitive Comparison of Holding Nov Vek AD's Cash-to-Debt

For the Asset Management subindustry, Holding Nov Vek AD'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.

Holding Nov Vek AD's Cash-to-Debt Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Holding Nov Vek AD's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Holding Nov Vek AD's Cash-to-Debt falls into.

Holding Nov Vek AD 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.

Holding Nov Vek AD's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 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)
	=	42.169	/	(39.907	+	78.363)
	=	0.36

Holding Nov Vek AD's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	34.145	/	(36.281	+	76.328)
	=	0.30

Holding Nov Vek AD (XBUL:HNVK) 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.

Holding Nov Vek AD Cash-to-Debt Related Terms

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

Holding Nov Vek AD (XBUL:HNVK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Holding Nov Vek AD (XBUL:HNVK) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Gr. 13 Ship Mountain Street, Sofia, BGR

Website

http://www.holdingnovvek.com

Holding Nov Vek AD is engaged in the acquisition, appraisal and managing of shares, bonds, as well as the cession of licenses for patents. Its activities are: securities acquiring, management and sale, evaluation and sale of patent rights.

Holding Nov Vek AD (XBUL:HNVK) Headlines

No Headlines