Raisio Oyj (OHEL:RAIVV) Cash-to-Debt : No Debt ⁽¹⁾ (As of Mar. 2024)

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What is Raisio 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. Raisio Oyj's cash to debt ratio for the quarter that ended in Mar. 2024 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, Raisio Oyj could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

(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 Raisio Oyj's Cash-to-Debt or its related term are showing as below:

OHEL:RAIVV' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.28 Med: 3.13 Max: No Debt
Current: 3.63

During the past 13 years, Raisio Oyj's highest Cash to Debt Ratio was No Debt. The lowest was 0.28. And the median was 3.13.

OHEL:RAIVV's Cash-to-Debt is ranked better than
76.87% of 1855 companies
in the Consumer Packaged Goods industry
Industry Median: 0.53 vs OHEL:RAIVV: 3.63

Raisio Oyj Cash-to-Debt Historical Data

The historical data trend for Raisio 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.

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Raisio Oyj Cash-to-Debt Chart

Raisio Oyj Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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90.64

9.23

3.06

2.64

3.30

Raisio Oyj Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															2.94	2.45	3.95	3.30	No Debt

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

For the Packaged Foods subindustry, Raisio 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.

Raisio Oyj's Cash-to-Debt Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Raisio Oyj's Cash-to-Debt distribution charts can be found below:

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

Raisio 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.

Raisio 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)
	=	81.2	/	(6.2	+	18.4)
	=	3.30

Raisio Oyj's Cash to Debt Ratio for the quarter that ended in Mar. 2024 is calculated as:

Raisio Oyj had no debt ⁽¹⁾.

Raisio Oyj (OHEL:RAIVV) 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.

Raisio Oyj Cash-to-Debt Related Terms

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

Raisio Oyj (OHEL:RAIVV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Raisio Oyj (OHEL:RAIVV) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

RAIKV:Finland RATV:Germany

Address

Raisionkaari 55, P.O. Box 101, Raisio, FIN, 21201

Website

https://www.raisio.com

Raisio Oyj is engaged in the food processing industry with a focus on healthy. The company's international brand profile includes Benecol and Elovena. The operating segments of the company are healthy food, healthy ingredients, and other operations. The healthy food segment focuses on the company's consumer product businesses and has its operations in Northern Europe, Eastern and Central Europe, and Western Europe. The healthy ingredient segment includes the sale of fish feeds, Benecol product ingredients, and the sale of grain-based foods and their ingredients to industrial and catering companies. Majority of net sales come from Finland, and the healthy food segment contributes the highest net sales.

Raisio Oyj (OHEL:RAIVV) Headlines

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Raisio Oyj (OHEL:RAIVV) Cash-to-Debt : No Debt (1) (As of Mar. 2024)