Biofish Holding AS (OSL:BFISH) Cash-to-Debt : 0.35 (As of Mar. 2024)

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What is Biofish Holding 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. Biofish Holding AS's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.35.

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, Biofish Holding AS couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

OSL:BFISH' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.35 Max: No Debt
Current: 0.35

During the past 7 years, Biofish Holding AS's highest Cash to Debt Ratio was No Debt. The lowest was 0.01. And the median was 0.35.

OSL:BFISH's Cash-to-Debt is ranked worse than
57.96% of 1815 companies
in the Consumer Packaged Goods industry
Industry Median: 0.52 vs OSL:BFISH: 0.35

Biofish Holding AS Cash-to-Debt Historical Data

The historical data trend for Biofish Holding 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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Biofish Holding AS Cash-to-Debt Chart

Biofish Holding AS Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.12

0.01

0.84

0.05

0.03

Biofish Holding AS Quarterly Data
	Dec17	Dec18	Dec19	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial										0.89	0.46	0.53	0.03	0.35

Competitive Comparison of Biofish Holding AS's Cash-to-Debt

For the Farm Products subindustry, Biofish Holding 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.

Biofish Holding AS's Cash-to-Debt Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Biofish Holding AS's Cash-to-Debt distribution charts can be found below:

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

Biofish Holding 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.

Biofish Holding AS'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)
	=	1.281	/	(0	+	52)
	=	0.02

Biofish Holding AS'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)
	=	17.884	/	(4	+	47)
	=	0.35

Biofish Holding AS (OSL:BFISH) 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.

Biofish Holding AS Cash-to-Debt Related Terms

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Biofish Holding AS (OSL:BFISH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Biofish Holding AS (OSL:BFISH) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Tangavegen 19, Torvikbygd, NOR, 5620

Website

https://www.biofish.no

Biofish Holding AS is a independent smolt producer located in Torvikbygd.

Biofish Holding AS (OSL:BFISH) Headlines

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