Hoi Publishing AB (NGM:HOI B) Cash-to-Debt : 0.01 (As of Dec. 2023)

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What is Hoi Publishing 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. Hoi Publishing AB's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.01.

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, Hoi Publishing 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 Hoi Publishing AB's Cash-to-Debt or its related term are showing as below:

NGM:HOI B' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.03 Max: 0.15
Current: 0.01

During the past 4 years, Hoi Publishing AB's highest Cash to Debt Ratio was 0.15. The lowest was 0.01. And the median was 0.03.

NGM:HOI B's Cash-to-Debt is ranked worse than
97.88% of 990 companies
in the Media - Diversified industry
Industry Median: 1.215 vs NGM:HOI B: 0.01

Hoi Publishing AB Cash-to-Debt Historical Data

The historical data trend for Hoi Publishing 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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Hoi Publishing AB Cash-to-Debt Chart

Hoi Publishing AB Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

0.15

0.01

0.04

0.01

Hoi Publishing AB Quarterly Data
	Dec20	Mar21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial							0.04	0.01	-	0.02	0.01

Competitive Comparison of Hoi Publishing AB's Cash-to-Debt

For the Publishing subindustry, Hoi Publishing 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.

Hoi Publishing AB's Cash-to-Debt Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Hoi Publishing AB's Cash-to-Debt distribution charts can be found below:

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

Hoi Publishing 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.

Hoi Publishing 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)
	=	0.049	/	(4.281	+	0.848)
	=	0.01

Hoi Publishing AB's Cash to Debt Ratio for the quarter 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)
	=	0.049	/	(4.281	+	0.848)
	=	0.01

Hoi Publishing AB (NGM:HOI B) 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.

Hoi Publishing AB Cash-to-Debt Related Terms

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Hoi Publishing AB (NGM:HOI B) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Hoi Publishing AB (NGM:HOI B) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

Johannesgrand 1, Stockholm, SWE, 111 30

Website

https://www.hoi.se

Hoi Publishing AB operates as a publishing company. The company publishes books and periodicals.

Hoi Publishing AB (NGM:HOI B) Headlines

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