Novaturas AB (OVSE:NTU1L) Cash-to-Debt : 1.88 (As of Sep. 2023)

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What is Novaturas 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. Novaturas AB's cash to debt ratio for the quarter that ended in Sep. 2023 was 1.88.

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, Novaturas AB could pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

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

OVSE:NTU1L' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.2 Med: 0.54 Max: No Debt
Current: 1.88

During the past 9 years, Novaturas AB's highest Cash to Debt Ratio was No Debt. The lowest was 0.20. And the median was 0.54.

OVSE:NTU1L's Cash-to-Debt is ranked better than
66.26% of 821 companies
in the Travel & Leisure industry
Industry Median: 0.6 vs OVSE:NTU1L: 1.88

Novaturas AB Cash-to-Debt Historical Data

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

Novaturas AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

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0.43

0.69

0.20

0.75

1.03

Novaturas AB Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial															0.94	1.03	0.42	0.21	1.88

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

For the Travel Services subindustry, Novaturas 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.

Novaturas AB's Cash-to-Debt Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Novaturas AB's Cash-to-Debt distribution charts can be found below:

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

Novaturas 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.

Novaturas AB's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 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)
	=	2.57	/	(2.163	+	0.339)
	=	1.03

Novaturas AB's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	13.581	/	(0.992	+	6.235)
	=	1.88

Novaturas AB (OVSE:NTU1L) 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.

Novaturas AB Cash-to-Debt Related Terms

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Novaturas AB (OVSE:NTU1L) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Novaturas AB (OVSE:NTU1L) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

NTU:Poland

Address

A. Mickeviciaus g. 27, Kaunas, LTU, LT-44245

Website

https://www.novaturasgroup.com

Novaturas AB is an organizer of recreational and sightseeing tours in the Baltic States. Its business segments include Flight package tours, Sightseeing tours by plane, Sightseeing tours by coach, and Others. The company takes care of holiday and sightseeing tours by charter flights, sightseeing tours to far destinations and bus tours. It offers various traveling-related services including flight tickets and hotel bookings.

Novaturas AB (OVSE:NTU1L) Headlines

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