Elvictor Group (Elvictor Group) Cash-to-Debt : 2.51 (As of Dec. 2023)

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What is Elvictor Group 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. Elvictor Group's cash to debt ratio for the quarter that ended in Dec. 2023 was 2.51.

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

ELVG' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.72 Med: 13.86 Max: No Debt
Current: 2.51

During the past 7 years, Elvictor Group's highest Cash to Debt Ratio was No Debt. The lowest was 0.72. And the median was 13.86.

ELVG's Cash-to-Debt is ranked better than
64.6% of 1065 companies
in the Business Services industry
Industry Median: 0.99 vs ELVG: 2.51

Elvictor Group Cash-to-Debt Historical Data

The historical data trend for Elvictor Group'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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Elvictor Group Cash-to-Debt Chart

Elvictor Group Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

0.72

3.72

24.00

2.51

Elvictor Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															24.00	1.50	0.58	0.55	2.51

Competitive Comparison of Elvictor Group's Cash-to-Debt

For the Specialty Business Services subindustry, Elvictor Group'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.

Elvictor Group's Cash-to-Debt Distribution in the Business Services Industry

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

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

Elvictor Group 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.

Elvictor Group'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)
	=	0.699	/	(0.043	+	0.236)
	=	2.51

Elvictor Group'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)
	=	0.699	/	(0.043	+	0.236)
	=	2.51

Elvictor Group (OTCPK:ELVG) 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.

Elvictor Group Cash-to-Debt Related Terms

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

Elvictor Group (Elvictor Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Elvictor Group Inc (OTCPK:ELVG) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Vassileos Constantinou 79, Vari, Athens, GRC, 16672

Website

https://www.elvictorgroup.com

Elvictor Group Inc is engaged in the business of providing shipping crew management services. It provides crew management, crew manning, and crew training and development services.

Executives

Stavros Galanakis	director, 10 percent owner, officer: CHAIRMAN & VICE PRESIDENT	78 PAPAFOTI STR, VARI-VARKIZA J3 16672
Christodoulos Tzoutzakis	officer: CHIEF OPERATING OFFICER	24 THEMISTOKLEOUS STR., VOULA ATTIKIS J3 16673
Panagiotis Tolis	director, 10 percent owner, officer: CIRO	PERICLEOUS 50 STREET, ATHENS J3 15232
Panagiotis Nikolaos Lazaretos	10 percent owner	103M1 MARKOU BOTSARI STR, KIFISSIA, ATTICA J3 14561
Konstantinos Galanakis	director, 10 percent owner, officer: CEO	38 MOUTOUSI K STREET, VARI-VARKIZA J3 16672
Eleftherios Kontos	10 percent owner	THOUKIDIDOY 15, VOLOS J3 38333

Elvictor Group (Elvictor Group) Headlines

From GuruFocus

Elvictor Group Inc. Engages US-Based Investor Relations Advisory Firm

By PRNewswire PRNewswire • 11-29-2021