Solwers Oyj (OHEL:SOLWERS) Cash-to-Debt : 0.67 (As of Dec. 2023)

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What is Solwers 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. Solwers Oyj's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.67.

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

OHEL:SOLWERS' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.31 Med: 0.52 Max: 0.82
Current: 0.67

During the past 6 years, Solwers Oyj's highest Cash to Debt Ratio was 0.82. The lowest was 0.31. And the median was 0.52.

OHEL:SOLWERS's Cash-to-Debt is ranked better than
51.54% of 1655 companies
in the Construction industry
Industry Median: 0.62 vs OHEL:SOLWERS: 0.67

Solwers Oyj Cash-to-Debt Historical Data

The historical data trend for Solwers 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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Solwers Oyj Cash-to-Debt Chart

Solwers Oyj Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

0.31

0.39

0.66

0.82

0.67

Solwers Oyj Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial					0.66	No Debt	0.82	No Debt	0.67

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

For the Engineering & Construction subindustry, Solwers 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.

Solwers Oyj's Cash-to-Debt Distribution in the Construction Industry

For the Construction industry and Industrials sector, Solwers Oyj's Cash-to-Debt distribution charts can be found below:

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

Solwers 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.

Solwers 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)
	=	16.838	/	(4.611	+	20.642)
	=	0.67

Solwers 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)
	=	16.838	/	(4.611	+	20.642)
	=	0.67

Solwers Oyj (OHEL:SOLWERS) 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.

Solwers Oyj Cash-to-Debt Related Terms

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Solwers Oyj (OHEL:SOLWERS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Solwers Oyj (OHEL:SOLWERS) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

0ST:Germany

Address

Kappelikuja 6 B, 2nd Floor, Espoo, FIN, 02200

Website

https://www.solwers.fi

Solwers Oyj is engaged in providing architecture, technical consulting, environmental monitoring, project management, circular economy, and digital solutions. It offers a wide range of design and project management solutions for building individual and sustainable environments in Finland and Sweden. In addition, its two subsidiaries offer financial services.

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