Norconsult ASA (OSL:NORCO) Cash-to-Debt : 0.57 (As of Dec. 2023)

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What is Norconsult 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. Norconsult ASA's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.57.

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

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

OSL:NORCO' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.57 Med: 0.8 Max: 136
Current: 0.57

During the past 5 years, Norconsult ASA's highest Cash to Debt Ratio was 136.00. The lowest was 0.57. And the median was 0.80.

OSL:NORCO's Cash-to-Debt is ranked worse than
52.68% of 1676 companies
in the Construction industry
Industry Median: 0.63 vs OSL:NORCO: 0.57

Norconsult ASA Cash-to-Debt Historical Data

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

Norconsult ASA Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

136.00

0.72

0.80

0.84

0.57

Norconsult ASA Semi-Annual Data
	Dec19	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial			0.80	N/A	0.84	0.76	0.57

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

For the Engineering & Construction subindustry, Norconsult 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.

Norconsult ASA's Cash-to-Debt Distribution in the Construction Industry

For the Construction industry and Industrials sector, Norconsult ASA's Cash-to-Debt distribution charts can be found below:

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

Norconsult 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.

Norconsult 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)
	=	929	/	(354	+	1265)
	=	0.57

Norconsult ASA's Cash to Debt Ratio for the quarter 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)
	=	929	/	(354	+	1265)
	=	0.57

Norconsult ASA (OSL:NORCO) 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.

Norconsult ASA Cash-to-Debt Related Terms

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Norconsult ASA (OSL:NORCO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Norconsult ASA (OSL:NORCO) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

NORCOo:UK

Address

Vestfjordgaten 4, Sandvika, NOR, 1338

Website

https://www.norconsult.com

Norconsult ASA is principally engaged in the provision of planning and consultancy services for all phases of social planning, engineering design and architecture projects. The Group also develops and distributes complete IT solutions for project, building and facility management for infrastructure and property.

Norconsult ASA (OSL:NORCO) Headlines

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