ELMO Rent AS (OTSE:ELMO) Cash-to-Debt : 0.01 (As of Jun. 2023)

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What is ELMO Rent 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. ELMO Rent AS's cash to debt ratio for the quarter that ended in Jun. 2023 was 0.01.

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, ELMO Rent AS couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2023.

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

OTSE:ELMO' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.02 Max: 0.09
Current: 0.01

During the past 4 years, ELMO Rent AS's highest Cash to Debt Ratio was 0.09. The lowest was 0.01. And the median was 0.02.

OTSE:ELMO's Cash-to-Debt is ranked worse than
97.84% of 1063 companies
in the Business Services industry
Industry Median: 1.01 vs OTSE:ELMO: 0.01

ELMO Rent AS Cash-to-Debt Historical Data

The historical data trend for ELMO Rent 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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ELMO Rent AS Cash-to-Debt Chart

ELMO Rent AS Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

0.09

0.03

0.01

ELMO Rent AS Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Cash-to-Debt	Get a 7-Day Free Trial			N/A	0.01	0.06	0.01	0.01

Competitive Comparison of ELMO Rent AS's Cash-to-Debt

For the Rental & Leasing Services subindustry, ELMO Rent 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.

ELMO Rent AS's Cash-to-Debt Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, ELMO Rent AS's Cash-to-Debt distribution charts can be found below:

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

ELMO Rent 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.

ELMO Rent AS's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 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)
	=	0.032	/	(0.941	+	1.474)
	=	0.01

ELMO Rent AS's Cash to Debt Ratio for the quarter that ended in Jun. 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)
	=	0.042	/	(0.797	+	2.479)
	=	0.01

ELMO Rent AS (OTSE:ELMO) 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.

ELMO Rent AS Cash-to-Debt Related Terms

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ELMO Rent AS (OTSE:ELMO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » ELMO Rent AS (OTSE:ELMO) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Kivi 12, Laane-Harju, Paldiski, EST, 76805

Website

https://www.elmorent.ee

ELMO Rent AS is engaged in the provision of green vehicle-sharing services and the development, launching, and scaling of related green and innovative technologies, such as a vehicle fleet IT operation system, an automatic controller, and a remotely controlled vehicle.

ELMO Rent AS (OTSE:ELMO) Headlines

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