Vilniaus Baldai AB (OVSE:VBL1L) Cash-to-Debt : 0.06 (As of Feb. 2024)

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What is Vilniaus Baldai 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. Vilniaus Baldai AB's cash to debt ratio for the quarter that ended in Feb. 2024 was 0.06.

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, Vilniaus Baldai AB couldn't pay off its debt using the cash in hand for the quarter that ended in Feb. 2024.

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

OVSE:VBL1L' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0.05 Max: 8.93
Current: 0.06

During the past 13 years, Vilniaus Baldai AB's highest Cash to Debt Ratio was 8.93. The lowest was 0.00. And the median was 0.05.

OVSE:VBL1L's Cash-to-Debt is ranked worse than
90.71% of 420 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 0.94 vs OVSE:VBL1L: 0.06

Vilniaus Baldai AB Cash-to-Debt Historical Data

The historical data trend for Vilniaus Baldai 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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Vilniaus Baldai AB Cash-to-Debt Chart

Vilniaus Baldai AB Annual Data

Trend

Dec13

Dec14

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Cash-to-Debt

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0.08

0.12

0.03

0.09

Vilniaus Baldai AB Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Cash-to-Debt	Get a 7-Day Free Trial															-	0.03	0.09	0.08	0.06

Competitive Comparison of Vilniaus Baldai AB's Cash-to-Debt

For the Furnishings, Fixtures & Appliances subindustry, Vilniaus Baldai 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.

Vilniaus Baldai AB's Cash-to-Debt Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Vilniaus Baldai AB's Cash-to-Debt distribution charts can be found below:

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

Vilniaus Baldai 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.

Vilniaus Baldai AB's Cash to Debt Ratio for the fiscal year that ended in Aug. 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)
	=	3.481	/	(6.678	+	34.076)
	=	0.09

Vilniaus Baldai AB's Cash to Debt Ratio for the quarter that ended in Feb. 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)
	=	2.129	/	(3.868	+	33.963)
	=	0.06

Vilniaus Baldai AB (OVSE:VBL1L) 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.

Vilniaus Baldai AB Cash-to-Debt Related Terms

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

Vilniaus Baldai AB (OVSE:VBL1L) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Vilniaus Baldai AB (OVSE:VBL1L) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Pramones street 23, Guopstu k., Traku r., Vilnius, LTU, 21148

Website

https://www.vilniausbaldai.lt

Vilniaus Baldai AB is a Lithuania-based manufacturer of lightweight construction cabinet furniture. It operates in one segment that is furniture which includes sales of raw materials and finished production. It derives the majority of its revenue from the sale of furniture in the European Union countries followed by non-European Union countries and Lithuania.

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