Klappir Graenar Lausnir hf (OISE:KLAPP B) Cash-to-Debt : 0.88 (As of Dec. 2023)

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What is Klappir Graenar Lausnir hf 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. Klappir Graenar Lausnir hf's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.88.

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, Klappir Graenar Lausnir hf 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 Klappir Graenar Lausnir hf's Cash-to-Debt or its related term are showing as below:

OISE:KLAPP B' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.07 Med: 1.06 Max: No Debt
Current: 0.88

During the past 8 years, Klappir Graenar Lausnir hf's highest Cash to Debt Ratio was No Debt. The lowest was 0.07. And the median was 1.06.

OISE:KLAPP B's Cash-to-Debt is ranked worse than
66.7% of 2700 companies
in the Software industry
Industry Median: 2.43 vs OISE:KLAPP B: 0.88

Klappir Graenar Lausnir hf Cash-to-Debt Historical Data

The historical data trend for Klappir Graenar Lausnir hf'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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Klappir Graenar Lausnir hf Cash-to-Debt Chart

Klappir Graenar Lausnir hf Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.93

No Debt

11.85

1.06

0.88

Klappir Graenar Lausnir hf Semi-Annual Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial											11.85	0.75	1.06	No Debt	0.88

Competitive Comparison of Klappir Graenar Lausnir hf's Cash-to-Debt

For the Software - Application subindustry, Klappir Graenar Lausnir hf'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.

Klappir Graenar Lausnir hf's Cash-to-Debt Distribution in the Software Industry

For the Software industry and Technology sector, Klappir Graenar Lausnir hf's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Klappir Graenar Lausnir hf's Cash-to-Debt falls into.

Klappir Graenar Lausnir hf 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.

Klappir Graenar Lausnir hf'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)
	=	274.292	/	(0	+	313.122)
	=	0.88

Klappir Graenar Lausnir hf'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)
	=	274.292	/	(0	+	313.122)
	=	0.88

Klappir Graenar Lausnir hf (OISE:KLAPP B) 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.

Klappir Graenar Lausnir hf Cash-to-Debt Related Terms

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

Klappir Graenar Lausnir hf (OISE:KLAPP B) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Klappir Graenar Lausnir hf (OISE:KLAPP B) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Austurstraeti 17, Reykjavik, ISL, 101

Website

http://www.klappir.com

Klappir Graenar Lausnir hf develops, sells and implements software in the environmental field. The company's methodology and software solutions enable companies, municipalities and government to set measurable targets to reduce greenhouse gas emissions. Its software focuses on distribution of environmental information and carries out environmental analysis for organizations in all sectors, local authorities and government departments.

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