Arctic Fish Holding AS (OSL:AFISH) Cash-to-Debt : 0.09 (As of Jun. 2023)

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What is Arctic Fish Holding AS 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. Arctic Fish Holding AS's cash to debt ratio for the quarter that ended in Jun. 2023 was 0.09.

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, Arctic Fish Holding AS couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2023.

The historical rank and industry rank for Arctic Fish Holding AS's Cash-to-Debt or its related term are showing as below:

OSL:AFISH' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: 0.07 Max: 0.15
Current: 0.08

During the past 6 years, Arctic Fish Holding AS's highest Cash to Debt Ratio was 0.15. The lowest was 0.02. And the median was 0.07.

OSL:AFISH's Cash-to-Debt is ranked worse than
83.42% of 1815 companies
in the Consumer Packaged Goods industry
Industry Median: 0.52 vs OSL:AFISH: 0.08

Arctic Fish Holding AS Cash-to-Debt Historical Data

The historical data trend for Arctic Fish Holding AS'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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Arctic Fish Holding AS Cash-to-Debt Chart

Arctic Fish Holding AS Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

0.02

0.15

0.05

0.09

0.08

Arctic Fish Holding AS Quarterly Data
	Dec18	Sep19	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial											0.16	0.09	0.09	0.09	0.08

Competitive Comparison of Arctic Fish Holding AS's Cash-to-Debt

For the Farm Products subindustry, Arctic Fish Holding AS'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.

Arctic Fish Holding AS's Cash-to-Debt Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Arctic Fish Holding AS's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Arctic Fish Holding AS's Cash-to-Debt falls into.

Arctic Fish Holding AS 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.

Arctic Fish Holding AS'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)
	=	119.863	/	(1.093	+	1458.728)
	=	0.08

Arctic Fish Holding AS's Cash to Debt Ratio for the quarter that ended in Jun. 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)
	=	101.928	/	(392.916	+	764.673)
	=	0.09

Arctic Fish Holding AS (OSL:AFISH) 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.

Arctic Fish Holding AS Cash-to-Debt Related Terms

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

Arctic Fish Holding AS (OSL:AFISH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Arctic Fish Holding AS (OSL:AFISH) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

6TW:Germany

Address

Sindragata 10, Isafjordur, ISL, 400

Website

https://www.arcticfish.is

Arctic Fish Holding AS is a fish farming company. It is engaged in farming and marketing Atlantic salmon. The fish farming business includes smolt production, salmon farming, harvesting activities, and sales of harvested fish.

Arctic Fish Holding AS (OSL:AFISH) Headlines

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