DSV AS (OCSE:DSV) Cash-to-Debt : 0.15 (As of Mar. 2024)

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What is DSV 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. DSV AS's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.15.

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

OCSE:DSV' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.04 Med: 0.17 Max: 1.06
Current: 0.15

During the past 13 years, DSV AS's highest Cash to Debt Ratio was 1.06. The lowest was 0.04. And the median was 0.17.

OCSE:DSV's Cash-to-Debt is ranked worse than
76.81% of 966 companies
in the Transportation industry
Industry Median: 0.49 vs OCSE:DSV: 0.15

DSV AS Cash-to-Debt Historical Data

The historical data trend for DSV 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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DSV AS Cash-to-Debt Chart

DSV AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.10

0.19

0.23

0.22

0.11

DSV AS 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															0.30	0.25	0.22	0.11	0.15

Competitive Comparison of DSV AS's Cash-to-Debt

For the Integrated Freight & Logistics subindustry, DSV 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.

DSV AS's Cash-to-Debt Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, DSV AS's Cash-to-Debt distribution charts can be found below:

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

DSV 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.

DSV AS'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)
	=	4534	/	(5947	+	34143)
	=	0.11

DSV AS'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)
	=	6514	/	(7856	+	35599)
	=	0.15

DSV AS (OCSE:DSV) 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.

DSV AS Cash-to-Debt Related Terms

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

DSV AS (OCSE:DSV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » DSV AS (OCSE:DSV) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

DSDVY:USA DSDVF:USA 0JN9:Mexico DSVc:UK 0JN9:UK DS81:Germany

Address

Hovedgaden 630, Hedehusene, DNK, 2640

Website

https://www.dsv.com

DSV is a Danish-listed transport and logistics company, offering transport services worldwide by road, air, sea, and train, with the bulk of its activities coming from its European trucking network and airfreight and sea freight forwarding businesses. Since its founding in 1976, the company has grown rapidly, mainly via acquisitions. The company has been active in the mergers and acquisitions segment, most recently acquiring peer GIL in 2021. This acquisition further diversifies its revenue base away from European road freight and adds scale in key regions such as the Middle East. It also moves DSV into third spot among the largest 3PL firms globally.

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