VEF AB (OSTO:VEFAB) Cash-to-Debt : 0.38 (As of Mar. 2024)

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What is VEF 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. VEF AB's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.38.

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

OSTO:VEFAB' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.18 Med: 0.46 Max: No Debt
Current: 0.38

During the past 4 years, VEF AB's highest Cash to Debt Ratio was No Debt. The lowest was 0.18. And the median was 0.46.

OSTO:VEFAB's Cash-to-Debt is ranked worse than
69.49% of 1442 companies
in the Asset Management industry
Industry Median: 5.72 vs OSTO:VEFAB: 0.38

VEF AB Cash-to-Debt Historical Data

The historical data trend for VEF 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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VEF AB Cash-to-Debt Chart

VEF AB Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

31.07

176.57

0.18

0.46

VEF AB Quarterly Data
	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											0.18	0.20	No Debt	0.46	0.38

Competitive Comparison of VEF AB's Cash-to-Debt

For the Asset Management subindustry, VEF 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.

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

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

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

VEF 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.

VEF 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)
	=	181.642	/	(0.482	+	398.928)
	=	0.45

VEF 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)
	=	145.373	/	(0	+	382.126)
	=	0.38

VEF AB (OSTO:VEFAB) 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.

VEF AB Cash-to-Debt Related Terms

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VEF AB (OSTO:VEFAB) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

0TX:Germany

Address

Master Samuelsgatan 1, 1st Floor, Stockholm, SWE, SE-111 44

Website

https://www.vef.vc

VEF AB is an investment company. It invests in growth-stage private fintech companies. It focuses on scaling emerging markets and invests across all areas of financial services inclusive of payments, credit, mobile money, and wealth advisors.

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