Inin Group AS (FRA:72G) Cash-to-Debt : 1.47 (As of Jun. 2023)

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What is Inin Group 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. Inin Group AS's cash to debt ratio for the quarter that ended in Jun. 2023 was 1.47.

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, Inin Group AS could pay off its debt using the cash in hand for the quarter that ended in Jun. 2023.

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

FRA:72G' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.26 Med: 3.7 Max: 9.4
Current: 1.47

During the past 6 years, Inin Group AS's highest Cash to Debt Ratio was 9.40. The lowest was 0.26. And the median was 3.70.

FRA:72G's Cash-to-Debt is ranked better than
51.96% of 2471 companies
in the Hardware industry
Industry Median: 1.35 vs FRA:72G: 1.47

Inin Group AS Cash-to-Debt Historical Data

The historical data trend for Inin Group 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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Inin Group AS Cash-to-Debt Chart

Inin Group AS Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

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1.12

9.39

5.19

3.24

Inin Group AS Semi-Annual Data
	Dec17	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Cash-to-Debt	Get a 7-Day Free Trial					4.66	5.19	4.15	3.24	1.47

Competitive Comparison of Inin Group AS's Cash-to-Debt

For the Scientific & Technical Instruments subindustry, Inin Group 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.

Inin Group AS's Cash-to-Debt Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Inin Group AS's Cash-to-Debt distribution charts can be found below:

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

Inin Group 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.

Inin Group AS'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)
	=	8.771	/	(0.745	+	1.963)
	=	3.24

Inin Group AS's Cash to Debt Ratio for the quarter that ended in Jun. 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)
	=	4.868	/	(0.814	+	2.495)
	=	1.47

Inin Group AS (FRA:72G) 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.

Inin Group AS Cash-to-Debt Related Terms

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Inin Group AS (FRA:72G) Business Description

Industry

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ININ:Norway

Address

Henrik Ibsens gt 100, Oslo, NOR, 0255

Website

https://www.inin.no

Inin Group AS is a Norwegian holding company, with its three main segment activities organized through Nordic Infrastructure Group AS consisting of rail-focused construction and maintenance competence and service supply, including electrotechnical services for rail, power supply, and infrastructure projects. Hadeland Elektro AS delivers complete electrotechnical solutions for construction and infrastructure projects, including the energy, rail, and road sectors and Elop Technology AS develops tools and digital solutions to inspect, monitor and manage infrastructure worldwide using patented ultrasound technology.

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