Grieg Seafood ASA (OSL:GSF) Cash-to-Debt : 0.04 (As of Dec. 2023)

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What is Grieg Seafood 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. Grieg Seafood ASA's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.04.

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, Grieg Seafood ASA 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 Grieg Seafood ASA's Cash-to-Debt or its related term are showing as below:

OSL:GSF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.04 Med: 0.11 Max: 0.43
Current: 0.04

During the past 13 years, Grieg Seafood ASA's highest Cash to Debt Ratio was 0.43. The lowest was 0.04. And the median was 0.11.

OSL:GSF's Cash-to-Debt is ranked worse than
89.71% of 1856 companies
in the Consumer Packaged Goods industry
Industry Median: 0.53 vs OSL:GSF: 0.04

Grieg Seafood ASA Cash-to-Debt Historical Data

The historical data trend for Grieg Seafood 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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Grieg Seafood ASA Cash-to-Debt Chart

Grieg Seafood ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.08

0.06

0.28

0.43

0.04

Grieg Seafood ASA Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															0.43	0.33	0.41	0.12	0.04

Competitive Comparison of Grieg Seafood ASA's Cash-to-Debt

For the Farm Products subindustry, Grieg Seafood 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.

Grieg Seafood ASA's Cash-to-Debt Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Grieg Seafood ASA's Cash-to-Debt distribution charts can be found below:

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

Grieg Seafood 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.

Grieg Seafood 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)
	=	215.318	/	(507.961	+	4603.029)
	=	0.04

Grieg Seafood ASA'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)
	=	215.318	/	(507.961	+	4603.029)
	=	0.04

Grieg Seafood ASA (OSL:GSF) 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.

Grieg Seafood ASA Cash-to-Debt Related Terms

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

Grieg Seafood ASA (OSL:GSF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Grieg Seafood ASA (OSL:GSF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

GSFO:Sweden GSFo:UK 0GW8:UK GR8:Germany

Address

C. Sundtsgate 17/19, Grieg-Gaarden, Bergen, NOR, 5004

Website

https://griegseafood.com

Grieg Seafood ASA is an integrated Norwegian seafood company engaged in farming Atlantic salmon. The company's facilities are located in Finnmark and Rogaland in Norway and British Columbia and Newfoundland in Canada. Its product portfolio includes fresh whole fish, freshly processed fish, frozen processed fish, frozen whole fish, and other products.

Grieg Seafood ASA (OSL:GSF) Headlines

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