Avidly Oyj (OHEL:AVIDLY) Cash-to-Debt : No Debt ⁽¹⁾ (As of Jun. 2022)

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What is Avidly 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. Avidly Oyj's cash to debt ratio for the quarter that ended in Jun. 2022 was No Debt ⁽¹⁾.

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, Avidly Oyj could pay off its debt using the cash in hand for the quarter that ended in Jun. 2022.

(1) 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.

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

OHEL:AVIDLY's Cash-to-Debt is not ranked ^*
in the Media - Diversified industry.
Industry Median: 1.25
* Ranked among companies with meaningful Cash-to-Debt only.

Avidly Oyj Cash-to-Debt Historical Data

The historical data trend for Avidly 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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Avidly Oyj Cash-to-Debt Chart

Avidly Oyj Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

2.28

0.22

0.81

0.88

Avidly Oyj Semi-Annual Data
	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	0.81	No Debt	0.88	No Debt

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

For the Advertising Agencies subindustry, Avidly 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.

Avidly Oyj's Cash-to-Debt Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Avidly Oyj's Cash-to-Debt distribution charts can be found below:

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

Avidly 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.

Avidly Oyj's Cash to Debt Ratio for the fiscal year that ended in Dec. 2021 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)
	=	5.034	/	(2.789	+	2.907)
	=	0.88

Avidly Oyj's Cash to Debt Ratio for the quarter that ended in Jun. 2022 is calculated as:

Avidly Oyj had no debt ⁽¹⁾.

Avidly Oyj (OHEL:AVIDLY) 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.

Avidly Oyj Cash-to-Debt Related Terms

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

Avidly Oyj (OHEL:AVIDLY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Avidly Oyj (OHEL:AVIDLY) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Konepajankuja 1, Helsinki, FIN, 00510

Website

https://www.avidlyagency.com

Avidly Oyj provides marketing services in Finland. The company offers advisory services, branding services, customer understanding services, graphic design services, international and inbound marketing, crisis communication, media planning, content marketing, among others. Its operating segment includes Marketing Services and Inbound Marketing. The company generates maximum revenue from the Marketing Services segment.

Avidly Oyj (OHEL:AVIDLY) Headlines

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Avidly Oyj (OHEL:AVIDLY) Cash-to-Debt : No Debt (1) (As of Jun. 2022)