Sparebanken More (OSL:MORG) Cash-to-Debt : 0.01 (As of Dec. 2023)

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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. Sparebanken More's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.01.

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, Sparebanken More couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

OSL:MORG' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0.02 Max: 0.04
Current: 0.01

During the past 13 years, Sparebanken More's highest Cash to Debt Ratio was 0.04. The lowest was 0.00. And the median was 0.02.

OSL:MORG's Cash-to-Debt is ranked worse than
98.89% of 1440 companies
in the Banks industry
Industry Median: 1.235 vs OSL:MORG: 0.01

Sparebanken More Cash-to-Debt Historical Data

The historical data trend for Sparebanken More'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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Sparebanken More Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.04

0.02

0.01

Sparebanken More Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															0.01	0.02	0.02	0.01	0.01

Competitive Comparison

For the Banks - Regional subindustry, Sparebanken More'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.

Sparebanken More Cash-to-Debt Distribution

For the Banks industry and Financial Services sector, Sparebanken More's Cash-to-Debt distribution charts can be found below:

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

Sparebanken More Cash-to-Debt Calculation

This is the ratio of a company's Balance Sheet Cash And Cash Equivalents 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.

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

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	266	/	(0	+	38754)
	=	0.01

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

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	266	/	(0	+	38754)
	=	0.01

Sparebanken More (OSL:MORG) 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.

Sparebanken More Cash-to-Debt Related Terms

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

Sparebanken More (OSL:MORG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Sparebanken More (OSL:MORG) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

MORGo:UK

Address

Kipervikgata 6, Ålesund, NOR, 6003

Website

https://www.sbm.no

Sparebanken Møre is a Norway-based banking corporation. It engaged in providing retail and commercial banking services to its customers. Products and services provided by the company include deposits, saving accounts, asset management, financial advisory services, payment transfers, foreign exchange and interest trading, insurance, and real estate brokerage. In addition, the company also provides real estate brokerage services for both residential homes and commercial properties. It mainly concentrates on maritime, offshore and supply, real estate, trade, and services as well as insurance industries. It firm manages its business into three segments Corporate, Retail, and Real estate brokerage. The revenue of the company comprises interest, fees, commission, and other income.

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