Nordic Unmanned ASA (FRA:8VH) Cash-to-Debt : 0.01 (As of Sep. 2023)

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What is Nordic Unmanned 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. Nordic Unmanned ASA's cash to debt ratio for the quarter that ended in Sep. 2023 was 0.01.

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, Nordic Unmanned ASA couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

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

FRA:8VH' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0.04 Max: 4.16
Current: 0.01

During the past 6 years, Nordic Unmanned ASA's highest Cash to Debt Ratio was 4.16. The lowest was 0.00. And the median was 0.04.

FRA:8VH's Cash-to-Debt is ranked worse than
97.4% of 308 companies
in the Aerospace & Defense industry
Industry Median: 0.725 vs FRA:8VH: 0.01

Nordic Unmanned ASA Cash-to-Debt Historical Data

The historical data trend for Nordic Unmanned 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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Nordic Unmanned ASA Cash-to-Debt Chart

Nordic Unmanned ASA Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

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1.94

0.47

0.03

Nordic Unmanned ASA Quarterly Data
	Dec17	Dec18	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													0.04	0.03	0.03	0.03	0.01

Competitive Comparison of Nordic Unmanned ASA's Cash-to-Debt

For the Aerospace & Defense subindustry, Nordic Unmanned 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.

Nordic Unmanned ASA's Cash-to-Debt Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Nordic Unmanned ASA's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Nordic Unmanned ASA's Cash-to-Debt falls into.

Nordic Unmanned 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.

Nordic Unmanned ASA'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)
	=	0.396	/	(3.043	+	11.05)
	=	0.03

Nordic Unmanned ASA'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)
	=	0.205	/	(20.01	+	0.552)
	=	0.01

Nordic Unmanned ASA (FRA:8VH) 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.

Nordic Unmanned ASA Cash-to-Debt Related Terms

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Nordic Unmanned ASA (FRA:8VH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Nordic Unmanned ASA (FRA:8VH) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

NUMND:Norway

Address

Radhusgata 3, Sandnes, NOR, 4306

Website

https://www.nordicunmanned.com

Nordic Unmanned ASA is a provider of drone systems and services. The products help in emissions monitoring, oil spill monitoring, logistics and robotization, defence and security, power line inspection, and insurance inspections. Also, the company provides software solutions, spare parts, and consulting services.

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