Kinnevik AB (FRA:IV60) Cash-to-Debt : 1.24 (As of Mar. 2024)

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What is Kinnevik 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. Kinnevik AB's cash to debt ratio for the quarter that ended in Mar. 2024 was 1.24.

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, Kinnevik AB could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

FRA:IV60' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: 0.36 Max: 1.64
Current: 1.24

During the past 13 years, Kinnevik AB's highest Cash to Debt Ratio was 1.64. The lowest was 0.02. And the median was 0.36.

FRA:IV60's Cash-to-Debt is ranked worse than
59.09% of 1452 companies
in the Asset Management industry
Industry Median: 5.72 vs FRA:IV60: 1.24

Kinnevik AB Cash-to-Debt Historical Data

The historical data trend for Kinnevik 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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Kinnevik AB Cash-to-Debt Chart

Kinnevik AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.05

1.28

0.82

0.89

0.68

Kinnevik 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															0.91	0.39	0.23	0.68	1.24

Competitive Comparison of Kinnevik AB's Cash-to-Debt

For the Asset Management subindustry, Kinnevik 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.

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

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

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

Kinnevik AB Cash-to-Debt Calculation

This is the ratio of a company's Balance Sheet Cash And Cash Equivalents 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.

Kinnevik AB's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	211.782	/	(0	+	311.728)
	=	0.68

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

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	388.101	/	(0	+	314.051)
	=	1.24

Kinnevik AB (FRA:IV60) 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.

Kinnevik AB Cash-to-Debt Related Terms

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Kinnevik AB (FRA:IV60) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Kinnevik AB (FRA:IV60) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

KNKBF:USA KINV B:Sweden KINV A:Sweden 0RGZ:UK IV6:Germany

Address

Skeppsbron 18, P.O. Box 2094, Stockholm, SWE, SE-103 13

Website

https://www.kinnevik.com

Kinnevik AB is an operationally oriented investment group with an entrepreneurial focus on building digital brands. It concentrates its growth-style investment efforts on four sectors: TMT, e-commerce and marketplaces, Healthcare and financial services. Nearly all of its capital is committed to the communication and e-commerce and marketplace sectors. The group, through its various subsidiaries, is geographically diversified and operationally present in over 80 countries. Kinnevik's bias is toward investing in emerging markets because of the opportunity afforded by these markets' reliance on legacy products and services. A key component of its strategy is to create consumer choice of solutions in markets where supply may have been previously constrained.

Kinnevik AB (FRA:IV60) Headlines

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