Glunz & Jensen Holding A/S (OCSE:GJ) Cash-to-Debt : 0.02 (As of Dec. 2023)

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What is Glunz & Jensen Holding A/S 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. Glunz & Jensen Holding A/S's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.02.

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, Glunz & Jensen Holding A/S 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 Glunz & Jensen Holding A/S's Cash-to-Debt or its related term are showing as below:

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

During the past 13 years, Glunz & Jensen Holding A/S's highest Cash to Debt Ratio was 0.04. The lowest was 0.01. And the median was 0.02.

OCSE:GJ's Cash-to-Debt is ranked worse than
98.06% of 2993 companies
in the Industrial Products industry
Industry Median: 1.22 vs OCSE:GJ: 0.02

Glunz & Jensen Holding A/S Cash-to-Debt Historical Data

The historical data trend for Glunz & Jensen Holding A/S'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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Glunz & Jensen Holding A/S Cash-to-Debt Chart

Glunz & Jensen Holding A/S Annual Data

Trend

May13

May14

May15

May16

May17

Mar19

Mar20

Mar21

Mar22

Dec23

Cash-to-Debt

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0.02

0.01

0.02

Glunz & Jensen Holding A/S Semi-Annual Data
	Nov13	May14	Nov14	May15	Nov15	May16	Nov16	May17	Nov17	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															0.01	0.01	0.02	0.02	0.02

Competitive Comparison of Glunz & Jensen Holding A/S's Cash-to-Debt

For the Specialty Industrial Machinery subindustry, Glunz & Jensen Holding A/S'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.

Glunz & Jensen Holding A/S's Cash-to-Debt Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Glunz & Jensen Holding A/S's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Glunz & Jensen Holding A/S's Cash-to-Debt falls into.

Glunz & Jensen Holding A/S 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.

Glunz & Jensen Holding A/S'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)
	=	1.311	/	(20.264	+	56.705)
	=	0.02

Glunz & Jensen Holding A/S'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)
	=	1.311	/	(20.264	+	56.705)
	=	0.02

Glunz & Jensen Holding A/S (OCSE:GJ) 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.

Glunz & Jensen Holding A/S Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Glunz & Jensen Holding A/S's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Glunz & Jensen Holding A/S (OCSE:GJ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Glunz & Jensen Holding A/S (OCSE:GJ) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Selandia Park 1, Ringsted, DNK, DK-4100

Website

https://www.glunz-jensen.com

Glunz & Jensen Holding A/S is active in the press industry. The company sells and develops hardware, where production is controlled from the company's facilities around Europe, the USA, and China. In addition to press services, the company provides aftermarket services and related products, including assembly tables and display units. The company is headquartered in Ringsted. Product area Flexo and Product area Offset, are both part of the Prepress market. All products and services are connected to setters and printing equipment. Geographically, the majority is from the EMEA (Europe, Middle East, Africa).

Glunz & Jensen Holding A/S (OCSE:GJ) Headlines

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