Vaxxa AB (XSAT:VAXXA) Cash-to-Debt : No Debt ⁽¹⁾ (As of Jun. 2024)

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What is Vaxxa 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. Vaxxa AB's cash to debt ratio for the quarter that ended in Jun. 2024 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, Vaxxa AB could pay off its debt using the cash in hand for the quarter that ended in Jun. 2024.

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

XSAT:VAXXA' s Cash-to-Debt Range Over the Past 10 Years
Min: 13.28 Med: No Debt Max: No Debt
Current: 25.11

During the past 8 years, Vaxxa AB's highest Cash to Debt Ratio was No Debt. The lowest was 13.28. And the median was No Debt.

XSAT:VAXXA's Cash-to-Debt is ranked better than
76.76% of 2810 companies
in the Software industry
Industry Median: 2.385 vs XSAT:VAXXA: 25.11

Vaxxa AB Cash-to-Debt Historical Data

The historical data trend for Vaxxa 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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Vaxxa AB Cash-to-Debt Chart

Vaxxa AB Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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No Debt

13.28

Vaxxa AB Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	No Debt	13.28	No Debt	No Debt

Competitive Comparison of Vaxxa AB's Cash-to-Debt

For the Software - Application subindustry, Vaxxa 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.

Vaxxa AB's Cash-to-Debt Distribution in the Software Industry

For the Software industry and Technology sector, Vaxxa AB's Cash-to-Debt distribution charts can be found below:

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

Vaxxa 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.

Vaxxa AB's Cash to Debt Ratio for the fiscal year that ended in Dec. 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)
	=	5.499	/	(0	+	0.414)
	=	13.28

Vaxxa AB's Cash to Debt Ratio for the quarter that ended in Jun. 2024 is calculated as:

Vaxxa AB had no debt ⁽¹⁾.

Vaxxa AB (XSAT:VAXXA) 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.

Vaxxa AB Cash-to-Debt Related Terms

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Vaxxa AB Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Vaxxa AB (XSAT:VAXXA) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Maskinvagen 27, Norrbotten, Lulea, SWE, 972 54

Website

https://www.vaxxa.se

Vaxxa AB is the auction site for those who want to buy and sell objects in vehicles, machinery, construction and industry. The company want to make it more accessible for both private individuals and companies to sell their objects with the motivation to pave the way for a more circular market. Vaxxa is Sweden's only auction platform where exactly the combination of auction broker and self-service is offered.

Vaxxa AB Headlines

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Vaxxa AB (XSAT:VAXXA) Cash-to-Debt : No Debt (1) (As of Jun. 2024)