Mandatum (OHEL:MANTA) Cash-to-Debt : 1.96 (As of Dec. 2022)

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What is Mandatum 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. Mandatum's cash to debt ratio for the quarter that ended in Dec. 2022 was 1.96.

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, Mandatum could pay off its debt using the cash in hand for the quarter that ended in Dec. 2022.

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

OHEL:MANTA' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.68 Med: 1.96 Max: 2.71
Current: 2.71

During the past 3 years, Mandatum's highest Cash to Debt Ratio was 2.71. The lowest was 1.68. And the median was 1.96.

OHEL:MANTA's Cash-to-Debt is ranked worse than
50.63% of 553 companies
in the Diversified Financial Services industry
Industry Median: 3.34 vs OHEL:MANTA: 2.71

Mandatum Cash-to-Debt Historical Data

The historical data trend for Mandatum'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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Mandatum Cash-to-Debt Chart

Mandatum Annual Data

Trend

Dec21

Dec22

Dec23

Cash-to-Debt

1.68

1.96

2.71

Mandatum Quarterly Data
	Dec22	Dec23
Cash-to-Debt	1.96	2.71

Competitive Comparison of Mandatum's Cash-to-Debt

For the Financial Conglomerates subindustry, Mandatum'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.

Mandatum's Cash-to-Debt Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Mandatum's Cash-to-Debt distribution charts can be found below:

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

Mandatum 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.

Mandatum'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)
	=	738.4	/	(0	+	272.8)
	=	2.71

Mandatum's Cash to Debt Ratio for the quarter that ended in Dec. 2022 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)
	=	724.6	/	(0	+	370.6)
	=	1.96

Mandatum (OHEL:MANTA) 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.

Mandatum Cash-to-Debt Related Terms

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Mandatum (OHEL:MANTA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Mandatum PLC (OHEL:MANTA) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

MANDF:USA 0MAN:UK N2S:Germany

Address

Bulevardi 56, Helsinki, FIN, 00120

Website

Mandatum PLC is a financial services provider offering a wide array of services covering asset and wealth management, savings and investment, compensation and rewards, complimentary pension plans and personal risk insurance to corporates, retail customers as well as institutional and wealth management customers. Mandatum serves a network of 20,000 Finnish corporates through its highly skilled sales force and customer relationship personnel, which gives opportunity to cross sell products from its broad offering.

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