Viafin Service Oyj (OHEL:VIAFIN) Cash-to-Debt : 88.13 (As of Dec. 2023)

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What is Viafin Service 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. Viafin Service Oyj's cash to debt ratio for the quarter that ended in Dec. 2023 was 88.13.

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

OHEL:VIAFIN' s Cash-to-Debt Range Over the Past 10 Years
Min: 16.23 Med: 59.36 Max: No Debt
Current: 88.13

During the past 6 years, Viafin Service Oyj's highest Cash to Debt Ratio was No Debt. The lowest was 16.23. And the median was 59.36.

OHEL:VIAFIN's Cash-to-Debt is ranked better than
89.02% of 3005 companies
in the Industrial Products industry
Industry Median: 1.18 vs OHEL:VIAFIN: 88.13

Viafin Service Oyj Cash-to-Debt Historical Data

The historical data trend for Viafin Service 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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Viafin Service Oyj Cash-to-Debt Chart

Viafin Service Oyj Annual Data

Trend

Jul17

Jul18

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

16.23

24.15

30.60

88.13

Viafin Service Oyj Semi-Annual Data
	Jul17	Jul18	Jan19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial						24.15	23.77	30.60	41.74	88.13

Competitive Comparison of Viafin Service Oyj's Cash-to-Debt

For the Specialty Industrial Machinery subindustry, Viafin Service 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.

Viafin Service Oyj's Cash-to-Debt Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Viafin Service Oyj's Cash-to-Debt distribution charts can be found below:

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

Viafin Service 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.

Viafin Service 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)
	=	17.186	/	(0.189	+	0.006)
	=	88.13

Viafin Service 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)
	=	17.186	/	(0.189	+	0.006)
	=	88.13

Viafin Service Oyj (OHEL:VIAFIN) 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.

Viafin Service Oyj Cash-to-Debt Related Terms

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

Viafin Service Oyj (OHEL:VIAFIN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Viafin Service Oyj (OHEL:VIAFIN) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Kullervonkatu 15, Tampere, FIN, 33500

Website

http://www.viafinservice.fi

Viafin Service Oyj is specialized in industrial maintenance services, installation, and maintenance of industrial piping, equipment, and gas-based systems. It offers wide range of services includes maintenance and system supply of LNG and biogas systems, gas grids, and gas filling stations. The company's business is mainly in Finland and its clientele consists of several major companies in the pulp, energy, chemical, and metal industry.

Viafin Service Oyj (OHEL:VIAFIN) Headlines

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