ExpreS2ion Biotech Holding AB (OSTO:EXPRS2) Cash-to-Debt : 206.88 (As of Mar. 2024)

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What is ExpreS2ion Biotech Holding 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. ExpreS2ion Biotech Holding AB's cash to debt ratio for the quarter that ended in Mar. 2024 was 206.88.

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, ExpreS2ion Biotech Holding AB could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

The historical rank and industry rank for ExpreS2ion Biotech Holding AB's Cash-to-Debt or its related term are showing as below:

OSTO:EXPRS2' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.12 Med: 33.66 Max: No Debt
Current: 206.88

During the past 11 years, ExpreS2ion Biotech Holding AB's highest Cash to Debt Ratio was No Debt. The lowest was 0.12. And the median was 33.66.

OSTO:EXPRS2's Cash-to-Debt is ranked better than
82.84% of 1527 companies
in the Biotechnology industry
Industry Median: 6.39 vs OSTO:EXPRS2: 206.88

ExpreS2ion Biotech Holding AB Cash-to-Debt Historical Data

The historical data trend for ExpreS2ion Biotech Holding 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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ExpreS2ion Biotech Holding AB Cash-to-Debt Chart

ExpreS2ion Biotech Holding AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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2.18

56.56

65.85

59.95

33.66

ExpreS2ion Biotech Holding AB Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															35.88	41.73	37.02	33.66	206.88

Competitive Comparison of ExpreS2ion Biotech Holding AB's Cash-to-Debt

For the Biotechnology subindustry, ExpreS2ion Biotech Holding 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.

ExpreS2ion Biotech Holding AB's Cash-to-Debt Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, ExpreS2ion Biotech Holding AB's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where ExpreS2ion Biotech Holding AB's Cash-to-Debt falls into.

ExpreS2ion Biotech Holding 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.

ExpreS2ion Biotech Holding AB'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)
	=	57.597	/	(0.275	+	1.436)
	=	33.66

ExpreS2ion Biotech Holding AB's Cash to Debt Ratio for the quarter that ended in Mar. 2024 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)
	=	60.203	/	(0.291	+	0)
	=	206.88

ExpreS2ion Biotech Holding AB (OSTO:EXPRS2) 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.

ExpreS2ion Biotech Holding AB Cash-to-Debt Related Terms

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ExpreS2ion Biotech Holding AB (OSTO:EXPRS2) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » ExpreS2ion Biotech Holding AB (OSTO:EXPRS2) » Definitions » Cash-to-Debt

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Traded in Other Exchanges

5JD:Germany

Address

c/o Mindpark, Ronnowsgatan 8c, Helsingborg, SWE, S-252 25

Website

https://www.expres2ionbio.com

ExpreS2ion Biotech Holding AB has developed a technology platform, ExpreS2, for fast and efficient non-clinical development and production of complex proteins for new vaccines and diagnostics. ExpreS2 is regulatorily validated for clinical supply. The platform includes functionally modified glycosylation variants for enhanced immunogenicity and pharmacokinetics. The company has produced more than 500 proteins and virus-like particles (VLPs) in collaboration with research institutions and companies.

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