Vow Green Metals AS (OSL:VGM) Cash-to-Debt : 0.80 (As of Dec. 2023)

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What is Vow Green Metals 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. Vow Green Metals AS's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.80.

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

OSL:VGM' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.8 Med: 265.83 Max: No Debt
Current: 0.8

During the past 4 years, Vow Green Metals AS's highest Cash to Debt Ratio was No Debt. The lowest was 0.80. And the median was 265.83.

OSL:VGM's Cash-to-Debt is ranked better than
68.78% of 237 companies
in the Waste Management industry
Industry Median: 0.34 vs OSL:VGM: 0.80

Vow Green Metals AS Cash-to-Debt Historical Data

The historical data trend for Vow Green Metals 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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Vow Green Metals AS Cash-to-Debt Chart

Vow Green Metals AS Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

No Debt

442.41

89.25

0.80

Vow Green Metals AS Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial			442.41	0.11	89.25	0.03	0.80

Competitive Comparison of Vow Green Metals AS's Cash-to-Debt

For the Waste Management subindustry, Vow Green Metals 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.

Vow Green Metals AS's Cash-to-Debt Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Vow Green Metals AS's Cash-to-Debt distribution charts can be found below:

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

Vow Green Metals 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.

Vow Green Metals 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)
	=	40.58	/	(0.231	+	50.575)
	=	0.80

Vow Green Metals 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)
	=	40.58	/	(0.231	+	50.575)
	=	0.80

Vow Green Metals AS (OSL:VGM) 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.

Vow Green Metals AS Cash-to-Debt Related Terms

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

Vow Green Metals AS (OSL:VGM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Vow Green Metals AS (OSL:VGM) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

9G5:Germany

Address

Lysaker Torg 12, Lysaker, NOR, 1366

Website

https://www.vowasa.com

Vow Green Metals AS is engaged in preventing pollution. The solutions of the company convert biomass and waste into valuable resources and generate clean energy for a wide range of industries.

Vow Green Metals AS (OSL:VGM) Headlines

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