Balco Group AB (FRA:B9C) Cash-to-Debt : 0.12 (As of Mar. 2024)

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What is Balco Group 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. Balco Group AB's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.12.

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, Balco Group AB couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

FRA:B9C' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.25 Max: 0.83
Current: 0.12

During the past 10 years, Balco Group AB's highest Cash to Debt Ratio was 0.83. The lowest was 0.01. And the median was 0.25.

FRA:B9C's Cash-to-Debt is ranked worse than
82.52% of 103 companies
in the Homebuilding & Construction industry
Industry Median: 0.54 vs FRA:B9C: 0.12

Balco Group AB Cash-to-Debt Historical Data

The historical data trend for Balco Group 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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Balco Group AB Cash-to-Debt Chart

Balco Group AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.42

0.83

0.55

0.33

0.01

Balco Group 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															0.08	0.11	0.09	0.01	0.12

Competitive Comparison of Balco Group AB's Cash-to-Debt

For the Residential Construction subindustry, Balco Group 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.

Balco Group AB's Cash-to-Debt Distribution in the Homebuilding & Construction Industry

For the Homebuilding & Construction industry and Consumer Cyclical sector, Balco Group AB's Cash-to-Debt distribution charts can be found below:

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

Balco Group 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.

Balco Group 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)
	=	0.251	/	(1.7	+	20.151)
	=	0.01

Balco Group AB's Cash to Debt Ratio for the quarter that ended in Mar. 2024 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)
	=	4.339	/	(2.916	+	34.719)
	=	0.12

Balco Group AB (FRA:B9C) 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.

Balco Group AB Cash-to-Debt Related Terms

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Balco Group AB (FRA:B9C) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » Balco Group AB (FRA:B9C) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

BALCO:Sweden

Address

Algvagen 4, Vaxjo, SWE, 352 45

Website

https://www.balcogroup.se

Balco Group AB provides expertise in supplying glazed balconies and balcony solutions. It offers customer-adapted and balcony solutions to tenant-owner associations, the public housing sector, private landlords, and construction companies. Its operating segment includes Renovation, New Build, and others. It generates maximum revenue from the Renovation segment. Geographically, it derives a majority of its revenue from Sweden and also has a presence in Germany, Norway, Denmark the United Kingdom, Netherlands, Finland, and Switzerland.

Balco Group AB (FRA:B9C) Headlines

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