Airobot Technologies AS (OTSE:AIR) Cash-to-Debt : 2.32 (As of Dec. 2023)

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What is Airobot Technologies AS 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. Airobot Technologies AS's cash to debt ratio for the quarter that ended in Dec. 2023 was 2.32.

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, Airobot Technologies AS could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for Airobot Technologies AS's Cash-to-Debt or its related term are showing as below:

OTSE:AIR' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.06 Med: 0.37 Max: 2.83
Current: 2.32

During the past 5 years, Airobot Technologies AS's highest Cash to Debt Ratio was 2.83. The lowest was 0.06. And the median was 0.37.

OTSE:AIR's Cash-to-Debt is ranked better than
60.38% of 2337 companies
in the Hardware industry
Industry Median: 1.34 vs OTSE:AIR: 2.32

Airobot Technologies AS Cash-to-Debt Historical Data

The historical data trend for Airobot Technologies AS'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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Airobot Technologies AS Cash-to-Debt Chart

Airobot Technologies AS Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

0.14

0.37

0.06

2.83

2.32

Airobot Technologies AS Semi-Annual Data
	Dec19	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial			0.06	3.50	2.83	1.92	2.32

Competitive Comparison of Airobot Technologies AS's Cash-to-Debt

For the Consumer Electronics subindustry, Airobot Technologies AS'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.

Airobot Technologies AS's Cash-to-Debt Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Airobot Technologies AS's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Airobot Technologies AS's Cash-to-Debt falls into.

Airobot Technologies AS 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.

Airobot Technologies AS'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)
	=	0.318	/	(0.137	+	0)
	=	2.32

Airobot Technologies AS'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)
	=	0.318	/	(0.137	+	0)
	=	2.32

Airobot Technologies AS (OTSE:AIR) 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.

Airobot Technologies AS Cash-to-Debt Related Terms

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Airobot Technologies AS (OTSE:AIR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Airobot Technologies AS (OTSE:AIR) » Definitions » Cash-to-Debt

Traded in Other Exchanges

N/A

Address

Suur-sojamae 37a, Rae Vald, EST, 75322

Website

https://www.airobothome.com

Airobot Technologies AS is an indoor climate technology and production company, which is characterized by strong software and air analysis. The company's main product is innovative ventilation equipment with a demand-based control algorithm, which has been developed in cooperation with researchers from the University of Tartu and TalTech.