Kjell Group AB (OSTO:KJELL) Cash-to-Debt : 0.20 (As of Mar. 2024)

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What is Kjell Group 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. Kjell Group AB's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.20.

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, Kjell Group AB couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

OSTO:KJELL' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.04 Med: 0.12 Max: 0.3
Current: 0.2

During the past 6 years, Kjell Group AB's highest Cash to Debt Ratio was 0.30. The lowest was 0.04. And the median was 0.12.

OSTO:KJELL's Cash-to-Debt is ranked worse than
89.08% of 2344 companies
in the Hardware industry
Industry Median: 1.34 vs OSTO:KJELL: 0.20

Kjell Group AB Cash-to-Debt Historical Data

The historical data trend for Kjell Group 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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Kjell Group AB Cash-to-Debt Chart

Kjell Group AB Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.24

0.30

0.23

0.15

0.26

Kjell Group AB Quarterly Data
	Dec18	Dec19	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													0.06	0.04	0.12	0.26	0.20

Competitive Comparison of Kjell Group AB's Cash-to-Debt

For the Consumer Electronics subindustry, Kjell Group 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.

Kjell Group AB's Cash-to-Debt Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Kjell Group AB's Cash-to-Debt distribution charts can be found below:

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

Kjell Group 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.

Kjell Group 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)
	=	196.275	/	(122.876	+	625.996)
	=	0.26

Kjell Group 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)
	=	151.206	/	(124.91	+	617.012)
	=	0.20

Kjell Group AB (OSTO:KJELL) 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.

Kjell Group AB Cash-to-Debt Related Terms

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Kjell Group AB (OSTO:KJELL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Kjell Group AB (OSTO:KJELL) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

Tarnogatan 6, Malmo, SWE, SE-211 24

Website

https://www.kjellgroup.com

Kjell Group AB is engaged in providing consumer electronics accessories. It operates in three segments: Sweden, Norway, and Denmark. The segments encompass sales via service points in Sweden and Norway and online-generated sales in each country. The majority of its revenue is derived from Sweden.

Kjell Group AB (OSTO:KJELL) Headlines

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