Fiskars Oyj (OHEL:FSKRS) Cash-to-Debt : 0.10 (As of Mar. 2024)

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What is Fiskars Oyj 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. Fiskars Oyj's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.10.

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

OHEL:FSKRS' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.03 Med: 0.37 Max: 4.99
Current: 0.1

During the past 13 years, Fiskars Oyj's highest Cash to Debt Ratio was 4.99. The lowest was 0.03. And the median was 0.37.

OHEL:FSKRS's Cash-to-Debt is ranked worse than
82.86% of 1103 companies
in the Retail - Cyclical industry
Industry Median: 0.47 vs OHEL:FSKRS: 0.10

Fiskars Oyj Cash-to-Debt Historical Data

The historical data trend for Fiskars Oyj'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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Fiskars Oyj Cash-to-Debt Chart

Fiskars Oyj Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.04

0.30

0.18

0.26

0.22

Fiskars Oyj 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															0.17	0.11	0.36	0.22	0.10

Competitive Comparison of Fiskars Oyj's Cash-to-Debt

For the Home Improvement Retail subindustry, Fiskars Oyj'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.

Fiskars Oyj's Cash-to-Debt Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Fiskars Oyj's Cash-to-Debt distribution charts can be found below:

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

Fiskars Oyj 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.

Fiskars Oyj'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)
	=	127.3	/	(125.7	+	448.1)
	=	0.22

Fiskars Oyj'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)
	=	53.7	/	(118.4	+	445.4)
	=	0.10

Fiskars Oyj (OHEL:FSKRS) 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.

Fiskars Oyj Cash-to-Debt Related Terms

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

Fiskars Oyj (OHEL:FSKRS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Fiskars Oyj (OHEL:FSKRS) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

FKRAF:USA A8X:Germany

Address

Keilaniementie 10, P.O. Box 91, Espoo, FIN, FI-02151

Website

https://www.fiskarsgroup.com

Fiskars Oyj is a Finnish company that supplies consumer products for home, garden, and outdoor use. The company operates in Europe, the Americas, and the Asia-Pacific region. Fiskar's business areas are functional products, which offer household tools; living products, which offer tabletop and interior decoration products; and outdoor products, which offer gear for recreational and professional use. The major brands of the company include Fiskars, Waterford, Wedgwood, Iittala, Gerber, and Royal Copenhagen. The firm derives the majority of its revenue from sales in Europe and the Americas, with overall sales fairly evenly split between the two. Revenue is also fairly evenly split between the functional products and living products segments, stemming mostly from the Fiskars brand.

Fiskars Oyj (OHEL:FSKRS) Headlines

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