EQT AB (STU:6EQ) Cash-to-Debt : 0.52 (As of Dec. 2023)

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What is EQT 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. EQT AB's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.52.

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

STU:6EQ' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.3 Med: 0.96 Max: 9.84
Current: 0.52

During the past 9 years, EQT AB's highest Cash to Debt Ratio was 9.84. The lowest was 0.30. And the median was 0.96.

STU:6EQ's Cash-to-Debt is ranked worse than
66.08% of 1474 companies
in the Asset Management industry
Industry Median: 5.66 vs STU:6EQ: 0.52

EQT AB Cash-to-Debt Historical Data

The historical data trend for EQT 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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EQT AB Cash-to-Debt Chart

EQT AB Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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9.11

9.84

0.96

0.30

0.52

EQT AB Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial									0.96	0.92	0.30	0.23	0.52

Competitive Comparison of EQT AB's Cash-to-Debt

For the Asset Management subindustry, EQT 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.

EQT AB's Cash-to-Debt Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, EQT AB's Cash-to-Debt distribution charts can be found below:

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

EQT 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.

EQT 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)
	=	1114	/	(34.3	+	2112.1)
	=	0.52

EQT AB'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)
	=	1114	/	(34.3	+	2112.1)
	=	0.52

EQT AB (STU:6EQ) 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.

EQT AB Cash-to-Debt Related Terms

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

EQT AB (STU:6EQ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » EQT AB (STU:6EQ) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

EQBBF:USA EQT:Sweden EQTs:UK 0AAZ:UK

Address

Regeringsgatan 25, Stockholm, SWE, SE-111 53

Website

https://www.eqtgroup.com

EQT AB is an investment management company. The company manages and advises investment funds and other investment units investing worldwide with the goal of creating attractive returns and future-proof companies. It has two business segments namely, Private Capital and Real Assets. It generates maximum revenue from Private Capital segment. Geographically, it has a presence in Germany; Norway; Denmark; Netherlands; Singapore, and other countries.

EQT AB (STU:6EQ) Headlines

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