Coeli Fastighet I AB (NGM:CF1PREFP2) Cash-to-Debt : 0.41 (As of Dec. 2023)

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What is Coeli Fastighet I 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. Coeli Fastighet I AB's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.41.

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, Coeli Fastighet I AB couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

NGM:CF1PREFP2' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.06 Med: 0.11 Max: 0.88
Current: 0.41

During the past 6 years, Coeli Fastighet I AB's highest Cash to Debt Ratio was 0.88. The lowest was 0.06. And the median was 0.11.

NGM:CF1PREFP2's Cash-to-Debt is ranked worse than
68.37% of 1448 companies
in the Asset Management industry
Industry Median: 5.72 vs NGM:CF1PREFP2: 0.41

Coeli Fastighet I AB Cash-to-Debt Historical Data

The historical data trend for Coeli Fastighet I 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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Coeli Fastighet I AB Cash-to-Debt Chart

Coeli Fastighet I AB Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.12

0.10

0.08

0.06

0.41

Coeli Fastighet I AB Semi-Annual Data
	Dec18	Dec19	Dec20	Dec21	Dec22	Dec23
Cash-to-Debt	Get a 7-Day Free Trial			0.12	0.10	0.08	0.06	0.41

Competitive Comparison of Coeli Fastighet I AB's Cash-to-Debt

For the Asset Management subindustry, Coeli Fastighet I 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.

Coeli Fastighet I AB's Cash-to-Debt Distribution in the Asset Management Industry

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

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

Coeli Fastighet I 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.

Coeli Fastighet I 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)
	=	53.976	/	(0	+	132.505)
	=	0.41

Coeli Fastighet I AB's Cash to Debt Ratio for the quarter 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)
	=	53.976	/	(0	+	132.505)
	=	0.41

Coeli Fastighet I AB (NGM:CF1PREFP2) 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.

Coeli Fastighet I AB Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Coeli Fastighet I AB's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Coeli Fastighet I AB (NGM:CF1PREFP2) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Coeli Fastighet I AB (NGM:CF1PREFP2) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Sveavagen 24-26, Stockholm, SWE, 111 57

Website

https://www.coeli.se

Coeli Fastighet I AB is an asset management firm. The company specializes in actively managed funds in equities, interest rates, hedge, real estate, and private equity.

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