Beerenberg AS (OSL:BBERG) Cash-to-Debt : 0.35 (As of Dec. 2023)

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What is Beerenberg AS 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. Beerenberg AS's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.35.

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

OSL:BBERG' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.16 Med: 0.22 Max: 0.35
Current: 0.35

During the past 4 years, Beerenberg AS's highest Cash to Debt Ratio was 0.35. The lowest was 0.16. And the median was 0.22.

OSL:BBERG's Cash-to-Debt is ranked worse than
57.31% of 1026 companies
in the Oil & Gas industry
Industry Median: 0.495 vs OSL:BBERG: 0.35

Beerenberg AS Cash-to-Debt Historical Data

The historical data trend for Beerenberg AS'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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Beerenberg AS Cash-to-Debt Chart

Beerenberg AS Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

0.19

0.26

0.16

0.35

Beerenberg AS Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial			0.26	N/A	0.16	0.25	0.35

Competitive Comparison of Beerenberg AS's Cash-to-Debt

For the Oil & Gas Equipment & Services subindustry, Beerenberg AS'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.

Beerenberg AS's Cash-to-Debt Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Beerenberg AS's Cash-to-Debt distribution charts can be found below:

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

Beerenberg AS 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.

Beerenberg AS'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)
	=	164.702	/	(64.055	+	412.32)
	=	0.35

Beerenberg AS'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)
	=	164.702	/	(64.055	+	412.32)
	=	0.35

Beerenberg AS (OSL:BBERG) 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.

Beerenberg AS Cash-to-Debt Related Terms

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Beerenberg AS (OSL:BBERG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Beerenberg AS (OSL:BBERG) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

ZA9:Germany

Address

Kokstaddalen 33, P.O.Box 273, Slåtthaug, Bergen, NOR, N-5851

Website

https://www.beerenberg.com

Beerenberg AS is a company engaged in contract work, production, industrial maintenance, trading, agency and commission work, and to take interests in other enterprises engaged in similar activities. Its Business activities include innovative service solutions for the oil and gas industry, covering the entire life cycle from field studies and newbuilds to maintenance, modifications, and lifetime extensions. The business area Services include Beerenberg´s core ISS disciplines Insulation, Scaffolding and Surface treatment, as well as passive fire protection, technical cleaning, rope access techniques, robotic surface treatment, architectural outfitting services.

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