Airthings ASA (OSL:AIRX) Cash-to-Debt : 3.59 (As of Mar. 2024)

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What is Airthings ASA 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. Airthings ASA's cash to debt ratio for the quarter that ended in Mar. 2024 was 3.59.

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, Airthings ASA could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

The historical rank and industry rank for Airthings ASA's Cash-to-Debt or its related term are showing as below:

OSL:AIRX' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.16 Med: 3.51 Max: 11
Current: 3.25

During the past 7 years, Airthings ASA's highest Cash to Debt Ratio was 11.00. The lowest was 1.16. And the median was 3.51.

OSL:AIRX's Cash-to-Debt is ranked better than
66.51% of 3007 companies
in the Industrial Products industry
Industry Median: 1.18 vs OSL:AIRX: 3.25

Airthings ASA Cash-to-Debt Historical Data

The historical data trend for Airthings ASA'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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Airthings ASA Cash-to-Debt Chart

Airthings ASA Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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1.16

11.00

9.13

3.51

3.25

Airthings ASA Quarterly Data
	Dec18	Jun19	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															4.73	4.05	3.71	3.25	3.59

Competitive Comparison of Airthings ASA's Cash-to-Debt

For the Electrical Equipment & Parts subindustry, Airthings ASA'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.

Airthings ASA's Cash-to-Debt Distribution in the Industrial Products Industry

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

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

Airthings ASA 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.

Airthings ASA'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)
	=	142.733	/	(9.336	+	34.591)
	=	3.25

Airthings ASA's Cash to Debt Ratio for the quarter that ended in Mar. 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)
	=	140.409	/	(8.543	+	30.573)
	=	3.59

Airthings ASA (OSL:AIRX) 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.

Airthings ASA Cash-to-Debt Related Terms

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

Airthings ASA (OSL:AIRX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Airthings ASA (OSL:AIRX) » Definitions » Cash-to-Debt

Traded in Other Exchanges

64J:Germany

Address

Wergelandsveien 7, Oslo, NOR, 0167

Website

https://www.airthings.com

Airthings ASA is a hardware-enabled software company that develops products and systems for monitoring indoor air quality, radon, and energy efficiency. The company's solutions resolve issues related to air quality and air containment and enable a reduced CO2 footprint by optimizing energy consumption for buildings. It is engaged in three business segments which include Airthings for Consumer (Consumer), Airthings for Business (AfB), and Airthings for Professionals (Pro). The majority of the revenue comes from the Airthings for Consumer segment, which uses software solutions to monitor air quality and create and maintain a healthy living environment.

Airthings ASA (OSL:AIRX) Headlines

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