Carasent ASA (OSL:CARA) Cash-to-Debt : 7.67 (As of Mar. 2024)

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What is Carasent 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. Carasent ASA's cash to debt ratio for the quarter that ended in Mar. 2024 was 7.67.

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, Carasent 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 Carasent ASA's Cash-to-Debt or its related term are showing as below:

OSL:CARA' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.15 Med: 5.46 Max: No Debt
Current: 7.67

During the past 13 years, Carasent ASA's highest Cash to Debt Ratio was No Debt. The lowest was 0.15. And the median was 5.46.

OSL:CARA's Cash-to-Debt is ranked better than
80.03% of 661 companies
in the Healthcare Providers & Services industry
Industry Median: 0.69 vs OSL:CARA: 7.67

Carasent ASA Cash-to-Debt Historical Data

The historical data trend for Carasent 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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Carasent ASA Cash-to-Debt Chart

Carasent ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.58

11.90

54.04

17.87

7.41

Carasent ASA Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															17.74	18.54	12.22	7.41	7.67

Competitive Comparison of Carasent ASA's Cash-to-Debt

For the Health Information Services subindustry, Carasent 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.

Carasent ASA's Cash-to-Debt Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Carasent ASA's Cash-to-Debt distribution charts can be found below:

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

Carasent 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.

Carasent 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)
	=	371.521	/	(12.535	+	37.635)
	=	7.41

Carasent 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)
	=	373.913	/	(11.64	+	37.121)
	=	7.67

Carasent ASA (OSL:CARA) 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.

Carasent ASA Cash-to-Debt Related Terms

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Carasent ASA (OSL:CARA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Carasent ASA (OSL:CARA) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

APPO:Sweden C34:Germany

Address

Ovre Slottsgate 2B, Oslo, NOR, 0157

Website

https://www.carasent.com

Carasent ASA is an investment management company that provides services to businesses that develop entrepreneurial and e-health solutions. The company has a system called 'Webdoc' a cloud-based medical record system with integrated add-on services for the private and public health care industry.