Aker Carbon Capture ASA (Aker Carbon Capture ASA) Cash-to-Debt : 21.40 (As of Mar. 2024)

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What is Aker Carbon Capture ASA 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. Aker Carbon Capture ASA's cash to debt ratio for the quarter that ended in Mar. 2024 was 21.40.

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, Aker Carbon Capture ASA could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

The historical rank and industry rank for Aker Carbon Capture ASA's Cash-to-Debt or its related term are showing as below:

AKCCF' s Cash-to-Debt Range Over the Past 10 Years
Min: 21.4 Med: 97.81 Max: No Debt
Current: 21.4

During the past 4 years, Aker Carbon Capture ASA's highest Cash to Debt Ratio was No Debt. The lowest was 21.40. And the median was 97.81.

AKCCF's Cash-to-Debt is ranked better than
82.95% of 2926 companies
in the Industrial Products industry
Industry Median: 1.23 vs AKCCF: 21.40

Aker Carbon Capture ASA Cash-to-Debt Historical Data

The historical data trend for Aker Carbon Capture ASA'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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Aker Carbon Capture ASA Cash-to-Debt Chart

Aker Carbon Capture ASA Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

32.27

83.59

172.00

26.88

Aker Carbon Capture ASA Quarterly Data
	Jul20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial										337.76	707.33	No Debt	26.88	21.40

Competitive Comparison of Aker Carbon Capture ASA's Cash-to-Debt

For the Pollution & Treatment Controls subindustry, Aker Carbon Capture ASA'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.

Aker Carbon Capture ASA's Cash-to-Debt Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Aker Carbon Capture ASA's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Aker Carbon Capture ASA's Cash-to-Debt falls into.

Aker Carbon Capture ASA 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.

Aker Carbon Capture ASA'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)
	=	105.395	/	(0.428	+	3.493)
	=	26.88

Aker Carbon Capture ASA'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)
	=	85.009	/	(0.456	+	3.517)
	=	21.40

Aker Carbon Capture ASA (OTCPK:AKCCF) 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.

Aker Carbon Capture ASA Cash-to-Debt Related Terms

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Aker Carbon Capture ASA (Aker Carbon Capture ASA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Aker Carbon Capture ASA (OTCPK:AKCCF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

ACCo:Sweden ACC:Norway 0ZCB:UK 606:Germany

Address

Oksenoyveien 8, Lysaker, Baerum, NOR, 1366

Website

https://www.akercarboncapture.com

Aker Carbon Capture ASA is a carbon capture technology provider. The company's proprietary carbon capture process uses a mixture of water and organic amine solvents to absorb the CO2. This process can be applied to emissions from various sources, from gas, coal, cement, refineries, and waste-to-energy through to hydrogen and other process industries. Its products and services include Just Catch, Offshore Just Catch, Big Catch, Mobile Test Unit - Rental service, CO2 for Enhanced Oil Recovery (EOR), and Storage Practice.