Ericsson Nikola Tesla DD (ZAG:ERNT) Cash-to-Debt : 4.28 (As of Dec. 2024)

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What is Ericsson Nikola Tesla DD 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. Ericsson Nikola Tesla DD's cash to debt ratio for the quarter that ended in Dec. 2024 was 4.28.

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, Ericsson Nikola Tesla DD could pay off its debt using the cash in hand for the quarter that ended in Dec. 2024.

The historical rank and industry rank for Ericsson Nikola Tesla DD's Cash-to-Debt or its related term are showing as below:

ZAG:ERNT' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.7 Med: 7.66 Max: 9394.75
Current: 4.28

During the past 13 years, Ericsson Nikola Tesla DD's highest Cash to Debt Ratio was 9394.75. The lowest was 1.70. And the median was 7.66.

ZAG:ERNT's Cash-to-Debt is ranked better than
82.13% of 375 companies
in the Telecommunication Services industry
Industry Median: 0.31 vs ZAG:ERNT: 4.28

Ericsson Nikola Tesla DD Cash-to-Debt Historical Data

The historical data trend for Ericsson Nikola Tesla DD'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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Ericsson Nikola Tesla DD Cash-to-Debt Chart

Ericsson Nikola Tesla DD Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Cash-to-Debt

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3.15

6.11

9.21

4.84

4.28

Ericsson Nikola Tesla DD Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Cash-to-Debt	Get a 7-Day Free Trial															4.84	4.92	4.49	3.63	4.28

Competitive Comparison of Ericsson Nikola Tesla DD's Cash-to-Debt

For the Telecom Services subindustry, Ericsson Nikola Tesla DD'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.

Ericsson Nikola Tesla DD's Cash-to-Debt Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Ericsson Nikola Tesla DD's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Ericsson Nikola Tesla DD's Cash-to-Debt falls into.

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Ericsson Nikola Tesla DD 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.

Ericsson Nikola Tesla DD's Cash to Debt Ratio for the fiscal year that ended in Dec. 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)
	=	63.126	/	(2.122	+	12.616)
	=	4.28

Ericsson Nikola Tesla DD's Cash to Debt Ratio for the quarter that ended in Dec. 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)
	=	63.126	/	(2.122	+	12.616)
	=	4.28

Ericsson Nikola Tesla DD (ZAG:ERNT) 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.

Ericsson Nikola Tesla DD Cash-to-Debt Related Terms

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Ericsson Nikola Tesla DD Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Ericsson Nikola Tesla DD (ZAG:ERNT) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Krapinska 45, PO Box 93, Zagreb, HRV, 10002

Website

https://www.ericsson.hr

Ericsson Nikola Tesla DD is a provider of communication products and services and ICT solutions related to healthcare, national and public safety, state administration, transport, utilities, and multimedia communication. The company's principal activities include research and development of telecommunications software and services, design, testing, and integration of total communications solutions, managed services, supply, and maintenance of communications solutions and ICT solutions, towards customers within the Ericsson Group, customers in the Republic of Croatia, and Bosnia and Herzegovina, and several customers in Central and Eastern Europe. It operates in four segments Networks, Digital Services, Managed Services, and Others.

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