Skogsfond Baltikum AB (publ) (NGM:SKOGA) Cash-to-Debt : 0.06 (As of Dec. 2023)

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What is Skogsfond Baltikum AB (publ) 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. Skogsfond Baltikum AB (publ)'s cash to debt ratio for the quarter that ended in Dec. 2023 was 0.06.

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, Skogsfond Baltikum AB (publ) 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 Skogsfond Baltikum AB (publ)'s Cash-to-Debt or its related term are showing as below:

NGM:SKOGA' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.06 Med: 0.23 Max: 7879.2
Current: 0.06

During the past 5 years, Skogsfond Baltikum AB (publ)'s highest Cash to Debt Ratio was 7879.20. The lowest was 0.06. And the median was 0.23.

NGM:SKOGA's Cash-to-Debt is ranked worse than
88.28% of 1450 companies
in the Asset Management industry
Industry Median: 5.72 vs NGM:SKOGA: 0.06

Skogsfond Baltikum AB (publ) Cash-to-Debt Historical Data

The historical data trend for Skogsfond Baltikum AB (publ)'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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Skogsfond Baltikum AB (publ) Cash-to-Debt Chart

Skogsfond Baltikum AB (publ) Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

7,879.20

0.38

0.22

0.23

0.06

Skogsfond Baltikum AB (publ) Semi-Annual Data
	Dec19	Dec20	Dec21	Dec22	Dec23
Cash-to-Debt	7,879.20	0.38	0.22	0.23	0.06

Competitive Comparison of Skogsfond Baltikum AB (publ)'s Cash-to-Debt

For the Asset Management subindustry, Skogsfond Baltikum AB (publ)'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.

Skogsfond Baltikum AB (publ)'s Cash-to-Debt Distribution in the Asset Management Industry

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

* The bar in red indicates where Skogsfond Baltikum AB (publ)'s Cash-to-Debt falls into.

Skogsfond Baltikum AB (publ) 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.

Skogsfond Baltikum AB (publ)'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)
	=	7.249	/	(0	+	117.297)
	=	0.06

Skogsfond Baltikum AB (publ)'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)
	=	7.249	/	(0	+	117.297)
	=	0.06

Skogsfond Baltikum AB (publ) (NGM:SKOGA) 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.

Skogsfond Baltikum AB (publ) Cash-to-Debt Related Terms

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Skogsfond Baltikum AB (publ) (NGM:SKOGA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Skogsfond Baltikum AB (publ) (NGM:SKOGA) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Kungsgatan 3, Stockholm, SWE, 111 43

Website

https://www.skogsfondbaltikum.se

Skogsfond Baltikum AB (publ) is a Swedish alternative investment fund. It is focused on investments in forest assets in the three Baltic countries Estonia, Latvia, and Lithuania.

Skogsfond Baltikum AB (publ) (NGM:SKOGA) Headlines

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