Olgeroin Egill Skallagrimsson hf (OISE:OLGERD) Cash-to-Debt : 0.22 (As of Feb. 2024)

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What is Olgeroin Egill Skallagrimsson 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. Olgeroin Egill Skallagrimsson hf's cash to debt ratio for the quarter that ended in Feb. 2024 was 0.22.

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, Olgeroin Egill Skallagrimsson hf couldn't pay off its debt using the cash in hand for the quarter that ended in Feb. 2024.

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

OISE:OLGERD' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.03 Med: 0.09 Max: 0.22
Current: 0.22

During the past 6 years, Olgeroin Egill Skallagrimsson hf's highest Cash to Debt Ratio was 0.22. The lowest was 0.03. And the median was 0.09.

OISE:OLGERD's Cash-to-Debt is ranked worse than
61.35% of 207 companies
in the Beverages - Alcoholic industry
Industry Median: 0.5 vs OISE:OLGERD: 0.22

Olgeroin Egill Skallagrimsson hf Cash-to-Debt Historical Data

The historical data trend for Olgeroin Egill Skallagrimsson 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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Olgeroin Egill Skallagrimsson hf Cash-to-Debt Chart

Olgeroin Egill Skallagrimsson hf Annual Data

Trend

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Cash-to-Debt

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0.03

0.09

0.08

0.14

0.22

Olgeroin Egill Skallagrimsson hf Quarterly Data
	Feb19	Feb20	Feb21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Cash-to-Debt	Get a 7-Day Free Trial									0.14	0.16	0.16	0.16	0.22

Competitive Comparison of Olgeroin Egill Skallagrimsson hf's Cash-to-Debt

For the Beverages - Brewers subindustry, Olgeroin Egill Skallagrimsson 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.

Olgeroin Egill Skallagrimsson hf's Cash-to-Debt Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Olgeroin Egill Skallagrimsson hf's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Olgeroin Egill Skallagrimsson hf's Cash-to-Debt falls into.

Olgeroin Egill Skallagrimsson 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.

Olgeroin Egill Skallagrimsson hf's Cash to Debt Ratio for the fiscal year that ended in Feb. 2024 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)
	=	1615.123	/	(2716.735	+	4562.275)
	=	0.22

Olgeroin Egill Skallagrimsson hf's Cash to Debt Ratio for the quarter that ended in Feb. 2024 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)
	=	1615.123	/	(2716.735	+	4562.275)
	=	0.22

Olgeroin Egill Skallagrimsson hf (OISE:OLGERD) 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.

Olgeroin Egill Skallagrimsson hf Cash-to-Debt Related Terms

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Olgeroin Egill Skallagrimsson hf (OISE:OLGERD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Olgeroin Egill Skallagrimsson hf (OISE:OLGERD) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Grjothals 7-11, Reykjavík, ISL, 110

Website

https://www.olgerdin.is

Olgeroin Egill Skallagrimsson hf produces, imports, distributes and sells beverages and food all over the country.

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