Nordic Paper Holding AB (OSTO:NPAPER) Cash-to-Debt : 0.25 (As of Mar. 2024)

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What is Nordic Paper Holding 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. Nordic Paper Holding AB's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.25.

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, Nordic Paper Holding 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 Nordic Paper Holding AB's Cash-to-Debt or its related term are showing as below:

OSTO:NPAPER' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.12 Med: 0.27 Max: 1.25
Current: 0.25

During the past 7 years, Nordic Paper Holding AB's highest Cash to Debt Ratio was 1.25. The lowest was 0.12. And the median was 0.27.

OSTO:NPAPER's Cash-to-Debt is ranked worse than
55.79% of 285 companies
in the Forest Products industry
Industry Median: 0.32 vs OSTO:NPAPER: 0.25

Nordic Paper Holding AB Cash-to-Debt Historical Data

The historical data trend for Nordic Paper Holding 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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Nordic Paper Holding AB Cash-to-Debt Chart

Nordic Paper Holding AB Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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1.25

0.37

0.22

0.26

0.40

Nordic Paper Holding AB Quarterly Data
	Dec18	Jun19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															0.25	0.19	0.39	0.40	0.25

Competitive Comparison of Nordic Paper Holding AB's Cash-to-Debt

For the Paper & Paper Products subindustry, Nordic Paper Holding 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.

Nordic Paper Holding AB's Cash-to-Debt Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Nordic Paper Holding AB's Cash-to-Debt distribution charts can be found below:

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

Nordic Paper Holding 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.

Nordic Paper Holding 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)
	=	496	/	(270	+	963)
	=	0.40

Nordic Paper Holding 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)
	=	307	/	(287	+	962)
	=	0.25

Nordic Paper Holding AB (OSTO:NPAPER) 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.

Nordic Paper Holding AB Cash-to-Debt Related Terms

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

Nordic Paper Holding AB (OSTO:NPAPER) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Nordic Paper Holding AB (OSTO:NPAPER) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

0ABK:UK

Address

Tullhusgatan 1B, Karlstad, SWE, 652 09

Website

https://www.nordic-paper.com

Nordic Paper Holding AB is a paper company operating in two segments; Kraft paper is used in many end-use applications, such as in products aimed at consumers, including carrier bags and food packaging, in packaging for building materials, and in multiple other industrial applications, and Greaseproof paper is a group of paper types that are characterized by a resistance to oil or grease and is mainly used in the food sector but also have a number of industrial applications. The company offers effective and environmentally responsible products and solutions within the Kraft Paper and Natural Greaseproof segments.

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