Absolent Air Care Group AB (OSTO:ABSO) Cash-to-Debt : 0.44 (As of Jun. 2025)

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What is Absolent Air Care Group 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. Absolent Air Care Group AB's cash to debt ratio for the quarter that ended in Jun. 2025 was 0.44.

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, Absolent Air Care Group AB couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2025.

The historical rank and industry rank for Absolent Air Care Group AB's Cash-to-Debt or its related term are showing as below:

OSTO:ABSO' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.34 Med: 0.68 Max: 767.87
Current: 0.44

During the past 13 years, Absolent Air Care Group AB's highest Cash to Debt Ratio was 767.87. The lowest was 0.34. And the median was 0.68.

OSTO:ABSO's Cash-to-Debt is ranked worse than
69.48% of 3005 companies
in the Industrial Products industry
Industry Median: 1.22 vs OSTO:ABSO: 0.44

Absolent Air Care Group AB Cash-to-Debt Historical Data

The historical data trend for Absolent Air Care Group 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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Absolent Air Care Group AB Cash-to-Debt Chart

Absolent Air Care Group AB Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Cash-to-Debt

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0.68

0.37

0.53

0.50

0.52

Absolent Air Care Group AB Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25
Cash-to-Debt	Get a 7-Day Free Trial															0.48	0.46	0.52	0.51	0.44

Competitive Comparison of Absolent Air Care Group AB's Cash-to-Debt

For the Pollution & Treatment Controls subindustry, Absolent Air Care Group 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.

Absolent Air Care Group AB's Cash-to-Debt Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Absolent Air Care Group AB's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Absolent Air Care Group AB's Cash-to-Debt falls into.

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Absolent Air Care Group 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.

Absolent Air Care Group AB'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)
	=	255.829	/	(31.708	+	465.073)
	=	0.51

Absolent Air Care Group AB's Cash to Debt Ratio for the quarter that ended in Jun. 2025 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)
	=	197.595	/	(32.913	+	419.462)
	=	0.44

Absolent Air Care Group AB (OSTO:ABSO) 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.

Absolent Air Care Group AB Cash-to-Debt Related Terms

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Absolent Air Care Group AB Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Absolent Air Care Group AB (OSTO:ABSO) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

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Address

Vastra Hamngatan 10, Goteborg, SWE, SE-411 17

Website

https://www.absolentgroup.com

Absolent Air Care Group AB manufactures and sells filtration technology for industrial process air. Its products are used in CNC operations, quenching, die casting, and related applications. The company has two segments Industrial and Commercial Kitchen.

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