MoveByBike Europe AB (XSAT:MBBAB) Cash-to-Debt : 0.07 (As of Mar. 2024)

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What is MoveByBike Europe 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. MoveByBike Europe AB's cash to debt ratio for the quarter that ended in Mar. 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, MoveByBike Europe AB couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

The historical rank and industry rank for MoveByBike Europe AB's Cash-to-Debt or its related term are showing as below:

XSAT:MBBAB' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: 0.59 Max: No Debt
Current: 0.07

During the past 4 years, MoveByBike Europe AB's highest Cash to Debt Ratio was No Debt. The lowest was 0.02. And the median was 0.59.

XSAT:MBBAB's Cash-to-Debt is ranked worse than
89.14% of 967 companies
in the Transportation industry
Industry Median: 0.49 vs XSAT:MBBAB: 0.07

MoveByBike Europe AB Cash-to-Debt Historical Data

The historical data trend for MoveByBike Europe 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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MoveByBike Europe AB Cash-to-Debt Chart

MoveByBike Europe AB Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

No Debt

0.30

2.53

0.52

MoveByBike Europe AB Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial												0.52	0.78	0.65	0.02	0.07

Competitive Comparison of MoveByBike Europe AB's Cash-to-Debt

For the Integrated Freight & Logistics subindustry, MoveByBike Europe 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.

MoveByBike Europe AB's Cash-to-Debt Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, MoveByBike Europe AB's Cash-to-Debt distribution charts can be found below:

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

MoveByBike Europe 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.

MoveByBike Europe AB'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)
	=	1.026	/	(1.186	+	0.78)
	=	0.52

MoveByBike Europe AB's Cash to Debt Ratio for the quarter that ended in Mar. 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)
	=	0.383	/	(0.72	+	4.743)
	=	0.07

MoveByBike Europe AB (XSAT:MBBAB) 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.

MoveByBike Europe AB Cash-to-Debt Related Terms

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MoveByBike Europe AB (XSAT:MBBAB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » MoveByBike Europe AB (XSAT:MBBAB) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Byggmastaregatan 3, Malmo, SWE, 211 30

Website

https://www.movebybike.se

MoveByBike Europe AB is a Swedish transport and logistics company that offers a completely environmentally friendly delivery and distribution service. The company has developed a complete infrastructure for bicycle logistics with flexible, fast, cost-effective and environmentally friendly transport with deliveries at times and places chosen by the recipient.

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