Amido AB (XSAT:AMIDO) Cash-to-Debt : No Debt ⁽¹⁾ (As of Mar. 2024)

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What is Amido 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. Amido AB's cash to debt ratio for the quarter that ended in Mar. 2024 was No Debt ⁽¹⁾.

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, Amido AB could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

(1) 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.

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

XSAT:AMIDO' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.35 Med: No Debt Max: No Debt
Current: No Debt

During the past 8 years, Amido AB's highest Cash to Debt Ratio was No Debt. The lowest was 1.35. And the median was No Debt.

XSAT:AMIDO's Cash-to-Debt is ranked better than
99.82% of 556 companies
in the Interactive Media industry
Industry Median: 5.155 vs XSAT:AMIDO: No Debt

Amido AB Cash-to-Debt Historical Data

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

Amido AB Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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119.39

73.09

127.78

No Debt

Amido AB Quarterly Data
	Jun19	Sep19	Dec19	Mar20	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															No Debt	No Debt	No Debt	No Debt	No Debt

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

For the Internet Content & Information subindustry, Amido 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.

Amido AB's Cash-to-Debt Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Amido AB's Cash-to-Debt distribution charts can be found below:

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

Amido 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.

Amido AB's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Amido AB had no debt ⁽¹⁾.

Amido AB's Cash to Debt Ratio for the quarter that ended in Mar. 2024 is calculated as:

Amido AB had no debt ⁽¹⁾.

Amido AB (XSAT:AMIDO) 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.

Amido AB Cash-to-Debt Related Terms

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

Amido AB (XSAT:AMIDO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Amido AB (XSAT:AMIDO) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

First Langgatan 19, Gothenburg, SWE, 413 27

Website

https://www.amido.se

Amido AB is a web-based platform where real estate companies can manage their passage systems, laundry bookings and digital key cabinets. It is integrated with several suppliers for inputs, such as RCO, Assa ARX and Aptus, which means that the customer only needs to use a system for handling all their digital tags.

Amido AB (XSAT:AMIDO) Headlines

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Amido AB (XSAT:AMIDO) Cash-to-Debt : No Debt (1) (As of Mar. 2024)