YIT Oyj (YIT Oyj) Cash-to-Debt : 0.13 (As of Dec. 2023)

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What is YIT Oyj 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. YIT Oyj's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.13.

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, YIT Oyj 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 YIT Oyj's Cash-to-Debt or its related term are showing as below:

YITYF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.1 Med: 0.21 Max: 0.52
Current: 0.13

During the past 13 years, YIT Oyj's highest Cash to Debt Ratio was 0.52. The lowest was 0.10. And the median was 0.21.

YITYF's Cash-to-Debt is ranked worse than
84.25% of 1664 companies
in the Construction industry
Industry Median: 0.64 vs YITYF: 0.13

YIT Oyj Cash-to-Debt Historical Data

The historical data trend for YIT Oyj'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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YIT Oyj Cash-to-Debt Chart

YIT Oyj Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.13

0.38

0.52

0.23

0.13

YIT Oyj 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															0.23	0.08	0.10	0.10	0.13

Competitive Comparison of YIT Oyj's Cash-to-Debt

For the Engineering & Construction subindustry, YIT Oyj'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.

YIT Oyj's Cash-to-Debt Distribution in the Construction Industry

For the Construction industry and Industrials sector, YIT Oyj's Cash-to-Debt distribution charts can be found below:

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

YIT Oyj 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.

YIT Oyj'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)
	=	139.586	/	(470.011	+	619.411)
	=	0.13

YIT Oyj's Cash to Debt Ratio for the quarter 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)
	=	139.586	/	(470.011	+	619.411)
	=	0.13

YIT Oyj (GREY:YITYF) 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.

YIT Oyj Cash-to-Debt Related Terms

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

YIT Oyj (YIT Oyj) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » YIT Oyj (GREY:YITYF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

YITYY:USA YITh:UK 0GKA:UK YIT:Finland YIT:Germany

Address

Panuntie 11, P.O. Box 36, Helsinki, FIN, 00620

Website

https://www.yitgroup.com

YIT Oyj is a Finnish construction service provider. YIT develops and builds apartments and living services, business premises and entire areas. The company has four reportable segments: 1) Housing segment which comprises the development and construction of apartments, entire residential areas and leisure-time residences; 2) Business Premises segment engages in contracting in business premises construction as well as residential construction. 3) Infrastructure segment includes railway and traffic route construction and maintenance, green construction, bridge building and repairing, foundation construction and other earthworks, shoreline and waterworks construction, etc; 4) Property Development segment develops business premises and hybrid projects as well as wind farms.

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