Treasure ASA (OSL:TRE) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2023)

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What is Treasure 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. Treasure ASA's cash to debt ratio for the quarter that ended in Dec. 2023 was No Debt ⁽¹⁾.

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, Treasure ASA could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

(1) 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.

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

OSL:TRE' s Cash-to-Debt Range Over the Past 10 Years
Min: No Debt Med: No Debt Max: No Debt
Current: No Debt

During the past 8 years, Treasure ASA's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

OSL:TRE's Cash-to-Debt is ranked better than
99.93% of 1442 companies
in the Asset Management industry
Industry Median: 5.72 vs OSL:TRE: No Debt

Treasure ASA Cash-to-Debt Historical Data

The historical data trend for Treasure 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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Treasure ASA Cash-to-Debt Chart

Treasure ASA Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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No Debt

Treasure ASA 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											No Debt	No Debt	No Debt	No Debt	No Debt

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

For the Asset Management subindustry, Treasure 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.

Treasure ASA's Cash-to-Debt Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Treasure ASA's Cash-to-Debt distribution charts can be found below:

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

Treasure ASA Cash-to-Debt Calculation

This is the ratio of a company's Balance Sheet Cash And Cash Equivalents 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.

Treasure ASA's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Treasure ASA had no debt ⁽¹⁾.

Treasure ASA's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Treasure ASA had no debt ⁽¹⁾.

Treasure ASA (OSL:TRE) 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.

Treasure ASA Cash-to-Debt Related Terms

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

Treasure ASA (OSL:TRE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Treasure ASA (OSL:TRE) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

TREo:Sweden T1A:Germany

Address

P O Box 33, Lysaker, NOR, NO-1324

Website

https://www.treasureasa.com

Treasure ASA is an investment company. The principal activity of the company is an investment in financial assets and investments in other companies with similar activities. It has one reportable segment is it's investment in Hyundai Glovis.

Treasure ASA (OSL:TRE) Headlines

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Treasure ASA (OSL:TRE) Cash-to-Debt : No Debt (1) (As of Dec. 2023)