Scandinavian Astor Group AB (XSAT:ASTOR) Cash-to-Debt : 0.08 (As of Mar. 2024)

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What is Scandinavian Astor Group 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. Scandinavian Astor Group AB's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.08.

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

XSAT:ASTOR' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.08 Med: 0.2 Max: 0.44
Current: 0.08

During the past 2 years, Scandinavian Astor Group AB's highest Cash to Debt Ratio was 0.44. The lowest was 0.08. And the median was 0.20.

XSAT:ASTOR's Cash-to-Debt is ranked worse than
88.64% of 308 companies
in the Aerospace & Defense industry
Industry Median: 0.68 vs XSAT:ASTOR: 0.08

Scandinavian Astor Group AB Cash-to-Debt Historical Data

The historical data trend for Scandinavian Astor Group 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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Scandinavian Astor Group AB Cash-to-Debt Chart

Scandinavian Astor Group AB Annual Data

Trend

Dec22

Dec23

Cash-to-Debt

0.11

0.44

Scandinavian Astor Group AB Quarterly Data
	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial				0.15	0.33	0.30	0.44	0.08

Competitive Comparison of Scandinavian Astor Group AB's Cash-to-Debt

For the Aerospace & Defense subindustry, Scandinavian Astor Group 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.

Scandinavian Astor Group AB's Cash-to-Debt Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Scandinavian Astor Group AB's Cash-to-Debt distribution charts can be found below:

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

Scandinavian Astor Group 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.

Scandinavian Astor Group 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)
	=	15.603	/	(6.727	+	28.473)
	=	0.44

Scandinavian Astor Group 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)
	=	2.85	/	(8.297	+	26.634)
	=	0.08

Scandinavian Astor Group AB (XSAT:ASTOR) 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.

Scandinavian Astor Group AB Cash-to-Debt Related Terms

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Scandinavian Astor Group AB (XSAT:ASTOR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Scandinavian Astor Group AB (XSAT:ASTOR) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

Y73:Germany

Address

Torshamnsgatan 9, Kista, Stockholm, SWE, 164 40

Website

https://www.astorgroup.se

Scandinavian Astor Group AB is a Swedish industrial and defense group. The company's industrial part manufactures advanced composite solutions on behalf of customers with applications in the marine, aviation, and defense industries. The military part develops, produces, and sells radar jamming systems for training purposes.

Scandinavian Astor Group AB (XSAT:ASTOR) Headlines

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