NIBE Industrier AB (OSTO:NIBE B) Cash-to-Debt : 0.19 (As of Dec. 2023)

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What is NIBE Industrier 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. NIBE Industrier AB's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.19.

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, NIBE Industrier AB 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 NIBE Industrier AB's Cash-to-Debt or its related term are showing as below:

OSTO:NIBE B' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.19 Med: 0.38 Max: 0.49
Current: 0.19

During the past 13 years, NIBE Industrier AB's highest Cash to Debt Ratio was 0.49. The lowest was 0.19. And the median was 0.38.

OSTO:NIBE B's Cash-to-Debt is ranked worse than
77% of 1674 companies
in the Construction industry
Industry Median: 0.62 vs OSTO:NIBE B: 0.19

NIBE Industrier AB Cash-to-Debt Historical Data

The historical data trend for NIBE Industrier 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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NIBE Industrier AB Cash-to-Debt Chart

NIBE Industrier AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.42

0.48

0.49

0.43

0.19

NIBE Industrier AB Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															0.43	0.35	0.28	0.19	0.19

Competitive Comparison of NIBE Industrier AB's Cash-to-Debt

For the Building Products & Equipment subindustry, NIBE Industrier 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.

NIBE Industrier AB's Cash-to-Debt Distribution in the Construction Industry

For the Construction industry and Industrials sector, NIBE Industrier AB's Cash-to-Debt distribution charts can be found below:

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

NIBE Industrier 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.

NIBE Industrier 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)
	=	4283	/	(5849	+	16621)
	=	0.19

NIBE Industrier AB'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)
	=	4283	/	(5849	+	16621)
	=	0.19

NIBE Industrier AB (OSTO:NIBE B) 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.

NIBE Industrier AB Cash-to-Debt Related Terms

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

NIBE Industrier AB (OSTO:NIBE B) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » NIBE Industrier AB (OSTO:NIBE B) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

NIABY:USA NDRBF:USA NIBEBs:UK 0RH0:UK NJB:Germany NIBEB:Switzerland

Address

Hannabadsvagen 5, Box 14, Markaryd, SWE, SE- 285 21

Website

https://www.nibe.com

NIBE Industrier AB manufactures and sells energy-efficient products for industrial and consumer use. The firm is organized into three segments by product type. The climate solutions segment, which generates the majority of revenue, sells HVAC systems and hot water heaters to homes, apartment buildings, and other large properties. The elements segment sells components and elements to multiple industries, including appliance manufacturers, home remodelers, energy, and automotive. The stoves segment sells energy-efficient stoves and chimney systems to residential and commercial customers. The vast majority of revenue comes from Europe.

NIBE Industrier AB (OSTO:NIBE B) Headlines

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