Athanase Innovation AB (OSTO:ATIN) Cash-to-Debt : No Debt ⁽¹⁾ (As of Dec. 2020)

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What is Athanase Innovation AB 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. Athanase Innovation AB's cash to debt ratio for the quarter that ended in Dec. 2020 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, Athanase Innovation AB could pay off its debt using the cash in hand for the quarter that ended in Dec. 2020.

(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 Athanase Innovation AB's Cash-to-Debt or its related term are showing as below:

OSTO:ATIN's Cash-to-Debt is not ranked ^*
in the Asset Management industry.
Industry Median: 5.815
* Ranked among companies with meaningful Cash-to-Debt only.

Athanase Innovation AB Cash-to-Debt Historical Data

The historical data trend for Athanase Innovation AB'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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Athanase Innovation AB Cash-to-Debt Chart

Athanase Innovation AB Annual Data

Trend

Jun17

Jun18

Jun19

Cash-to-Debt

0.04

0.05

Athanase Innovation AB Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20
Cash-to-Debt	Get a 7-Day Free Trial			0.05	0.05	0.05	0.04	No Debt

Competitive Comparison of Athanase Innovation AB's Cash-to-Debt

For the Asset Management subindustry, Athanase Innovation AB'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.

Athanase Innovation AB's Cash-to-Debt Distribution in the Asset Management Industry

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

* The bar in red indicates where Athanase Innovation AB's Cash-to-Debt falls into.

Athanase Innovation AB 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.

Athanase Innovation AB's Cash to Debt Ratio for the fiscal year that ended in Jun. 2019 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)
	=	19.229	/	(4.1	+	397.7)
	=	0.05

Athanase Innovation AB's Cash to Debt Ratio for the quarter that ended in Dec. 2020 is calculated as:

Athanase Innovation AB had no debt ⁽¹⁾.

Athanase Innovation AB (OSTO:ATIN) 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.

Athanase Innovation AB Cash-to-Debt Related Terms

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

Athanase Innovation AB (OSTO:ATIN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Athanase Innovation AB (OSTO:ATIN) » Definitions » Cash-to-Debt

Comparable Companies

EVG SMM NHS XTER:L1OA LSE:IGV LSE:ATS ASX:GVF HKSE:01051 MSD LSE:NTN

Traded in Other Exchanges

N/A

Address

Nybrogatan 3, Stockholm, SWE, 114 34

Website

https://www.athanaseinnovation.com

Athanase Innovation AB is an alternative investment firm with exposure to both private and public equity. It invests in innovative companies that benefit from trends such as robotics, digitalization, and automation. The principal revenue stream is initially management fees charged on the external fund capital and investment income of the underlying assets.

Athanase Innovation AB (OSTO:ATIN) Headlines

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Athanase Innovation AB (OSTO:ATIN) Cash-to-Debt : No Debt (1) (As of Dec. 2020)