Betolar Oyj (OHEL:BETOLAR) Cash-to-Debt : 2.55 (As of Dec. 2023)

View and export this data going back to 2021. Start your Free Trial

What is Betolar Oyj 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. Betolar Oyj's cash to debt ratio for the quarter that ended in Dec. 2023 was 2.55.

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, Betolar Oyj could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

OHEL:BETOLAR' s Cash-to-Debt Range Over the Past 10 Years
Min: 2.55 Med: 8.85 Max: No Debt
Current: 2.55

During the past 5 years, Betolar Oyj's highest Cash to Debt Ratio was No Debt. The lowest was 2.55. And the median was 8.85.

OHEL:BETOLAR's Cash-to-Debt is ranked better than
78.93% of 375 companies
in the Building Materials industry
Industry Median: 0.46 vs OHEL:BETOLAR: 2.55

Betolar Oyj Cash-to-Debt Historical Data

The historical data trend for Betolar Oyj'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.

* Premium members only.

Betolar Oyj Cash-to-Debt Chart

Betolar Oyj Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

No Debt

5.80

83.20

8.85

2.55

Betolar Oyj Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial			83.20	13.64	8.85	6.09	2.55

Competitive Comparison of Betolar Oyj's Cash-to-Debt

For the Building Materials subindustry, Betolar Oyj'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.

Betolar Oyj's Cash-to-Debt Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Betolar Oyj's Cash-to-Debt distribution charts can be found below:

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

Betolar Oyj 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.

Betolar Oyj'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)
	=	14.315	/	(0.201	+	5.405)
	=	2.55

Betolar Oyj'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)
	=	14.315	/	(0.201	+	5.405)
	=	2.55

Betolar Oyj (OHEL:BETOLAR) 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.

Betolar Oyj Cash-to-Debt Related Terms

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

Betolar Oyj (OHEL:BETOLAR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Betolar Oyj (OHEL:BETOLAR) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Mannilantie 9, Kannonkoski, FIN, 43300

Website

https://www.betolar.com

Betolar Oyj is a Finnish materials technology company in the growth stage, whose mission is to enable the green transition of different industries globally, especially in the construction, process, and energy industries, by offering solutions for the utilization of its material technology. With its Geoprime solution, the company offers an alternative for producing sustainable and low-carbon concrete and concrete applications. The solution can be used to convert previously under-used or unused industrial side streams into a substitute for cement used in the production of concrete. Its product offering is divided into four segments: precast small concrete products, building elements, mining, and recycling of untapped side streams.

Betolar Oyj (OHEL:BETOLAR) Headlines

No Headlines