Bure Equity AB (OSTO:BURE) Cash-to-Debt : No Debt ⁽¹⁾ (As of Mar. 2024)

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What is Bure Equity 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. Bure Equity AB's cash to debt ratio for the quarter that ended in Mar. 2024 was No Debt ⁽¹⁾.

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, Bure Equity AB could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

(1) 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.

The historical rank and industry rank for Bure Equity AB's Cash-to-Debt or its related term are showing as below:

OSTO:BURE' s Cash-to-Debt Range Over the Past 10 Years
Min: 11.8 Med: 523.3 Max: No Debt
Current: 528.67

During the past 13 years, Bure Equity AB's highest Cash to Debt Ratio was No Debt. The lowest was 11.80. And the median was 523.30.

OSTO:BURE's Cash-to-Debt is ranked better than
62.72% of 1451 companies
in the Asset Management industry
Industry Median: 6.06 vs OSTO:BURE: 528.67

Bure Equity AB Cash-to-Debt Historical Data

The historical data trend for Bure Equity 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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Bure Equity AB Cash-to-Debt Chart

Bure Equity AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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23.36

488.00

114.75

177.33

525.33

Bure Equity AB Quarterly Data
	Jun19	Sep19	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															No Debt	No Debt	No Debt	525.33	No Debt

Competitive Comparison of Bure Equity AB's Cash-to-Debt

For the Asset Management subindustry, Bure Equity 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.

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

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

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

Bure Equity 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.

Bure Equity 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)
	=	1576	/	(2	+	1)
	=	525.33

Bure Equity AB's Cash to Debt Ratio for the quarter that ended in Mar. 2024 is calculated as:

Bure Equity AB had no debt ⁽¹⁾.

Bure Equity AB (OSTO:BURE) 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.

Bure Equity AB Cash-to-Debt Related Terms

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Bure Equity AB (OSTO:BURE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Bure Equity AB (OSTO:BURE) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

0N7D:UK

Address

Nybrogatan 6, Stockholm, SWE, SE-114 34

Website

https://www.bure.se

Bure Equity AB is a Sweden-based investment company. The foundation of the company's business model is far-reaching engagement and a strong presence in the portfolio companies. The company specializes in long-term owning, developing, as well as disposing of listed and unlisted operating entities. Bure's objectives are to be a profitable investment for shareholders and to be a competitive investment alternative in the market.

Bure Equity AB (OSTO:BURE) Headlines

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Bure Equity AB (OSTO:BURE) Cash-to-Debt : No Debt (1) (As of Mar. 2024)