CNI Nordic 5 AB (NGM:CNI5 PREF P2) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is CNI Nordic 5 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. CNI Nordic 5 AB'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, CNI Nordic 5 AB 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 CNI Nordic 5 AB's Cash-to-Debt or its related term are showing as below:

NGM:CNI5 PREF P2' s Cash-to-Debt Range Over the Past 10 Years
Min: 14.5 Med: 5380.1 Max: No Debt
Current: No Debt

During the past 6 years, CNI Nordic 5 AB's highest Cash to Debt Ratio was No Debt. The lowest was 14.50. And the median was 5380.10.

NGM:CNI5 PREF P2's Cash-to-Debt is ranked better than
99.93% of 1451 companies
in the Asset Management industry
Industry Median: 5.79 vs NGM:CNI5 PREF P2: No Debt

CNI Nordic 5 AB Cash-to-Debt Historical Data

The historical data trend for CNI Nordic 5 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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CNI Nordic 5 AB Cash-to-Debt Chart

CNI Nordic 5 AB Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

14.50

760.19

No Debt

CNI Nordic 5 AB Semi-Annual Data
	Dec18	Dec19	Dec20	Dec21	Dec22	Dec23
Cash-to-Debt	Get a 7-Day Free Trial			14.50	760.19	No Debt	No Debt	No Debt

Competitive Comparison of CNI Nordic 5 AB's Cash-to-Debt

For the Asset Management subindustry, CNI Nordic 5 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.

CNI Nordic 5 AB's Cash-to-Debt Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, CNI Nordic 5 AB's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where CNI Nordic 5 AB's Cash-to-Debt falls into.

CNI Nordic 5 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.

CNI Nordic 5 AB's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

CNI Nordic 5 AB had no debt ⁽¹⁾.

CNI Nordic 5 AB's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

CNI Nordic 5 AB had no debt ⁽¹⁾.

CNI Nordic 5 AB (NGM:CNI5 PREF P2) 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.

CNI Nordic 5 AB Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of CNI Nordic 5 AB's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

CNI Nordic 5 AB (NGM:CNI5 PREF P2) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » CNI Nordic 5 AB (NGM:CNI5 PREF P2) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Sveavagen 24, Stockholm, SWE, 111 57

Website

https://www.coeli.se

CNI Nordic 5 AB is an asset management company. It offers shareholders an investment opportunity in a portfolio concept based on investments in unlisted growth companies that are normally not available to smaller investors. The geographical focus of investment activities is Sweden and Northern Europe.

CNI Nordic 5 AB (NGM:CNI5 PREF P2) Headlines

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CNI Nordic 5 AB (NGM:CNI5 PREF P2) Cash-to-Debt : No Debt (1) (As of Dec. 2023)