EV Digital Invest INH AKT (FRA:ENGL) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is EV Digital Invest INH AKT 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. EV Digital Invest INH AKT's cash to debt ratio for the quarter that ended in Dec. 2023 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, EV Digital Invest INH AKT could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

(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 EV Digital Invest INH AKT's Cash-to-Debt or its related term are showing as below:

FRA:ENGL' s Cash-to-Debt Range Over the Past 10 Years
Min: No Debt Med: No Debt Max: No Debt
Current: No Debt

During the past 6 years, EV Digital Invest INH AKT's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

FRA:ENGL's Cash-to-Debt is ranked better than
99.6% of 504 companies
in the Credit Services industry
Industry Median: 0.225 vs FRA:ENGL: No Debt

EV Digital Invest INH AKT Cash-to-Debt Historical Data

The historical data trend for EV Digital Invest INH AKT'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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EV Digital Invest INH AKT Cash-to-Debt Chart

EV Digital Invest INH AKT Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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No Debt

EV Digital Invest INH AKT Semi-Annual Data
	Dec18	Dec19	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial			No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of EV Digital Invest INH AKT's Cash-to-Debt

For the Credit Services subindustry, EV Digital Invest INH AKT'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.

EV Digital Invest INH AKT's Cash-to-Debt Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, EV Digital Invest INH AKT's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where EV Digital Invest INH AKT's Cash-to-Debt falls into.

EV Digital Invest INH AKT 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.

EV Digital Invest INH AKT's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

EV Digital Invest INH AKT had no debt ⁽¹⁾.

EV Digital Invest INH AKT's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

EV Digital Invest INH AKT had no debt ⁽¹⁾.

EV Digital Invest INH AKT (FRA:ENGL) 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.

EV Digital Invest INH AKT Cash-to-Debt Related Terms

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EV Digital Invest INH AKT (FRA:ENGL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » EV Digital Invest INH AKT (FRA:ENGL) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

ENGL:Germany

Address

Joachimsthaler Str. 12, Berlin, DEU, 10719

Website

https://www.ev-digitalinvest.de

EV Digital Invest INH AKT provides a digital investment platform for real estate and offers private investors the opportunity to participate in selected real estate projects as co-investors.

EV Digital Invest INH AKT (FRA:ENGL) Headlines

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EV Digital Invest INH AKT (FRA:ENGL) Cash-to-Debt : No Debt (1) (As of Dec. 2023)