Concejo AB (OSTO:CNCJO B) Cash-to-Debt : 3.79 (As of Dec. 2023)

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What is Concejo AB 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. Concejo AB's cash to debt ratio for the quarter that ended in Dec. 2023 was 3.79.

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, Concejo AB could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

OSTO:CNCJO B' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.27 Max: 48.34
Current: 3.79

During the past 13 years, Concejo AB's highest Cash to Debt Ratio was 48.34. The lowest was 0.01. And the median was 0.27.

OSTO:CNCJO B's Cash-to-Debt is ranked better than
69.14% of 1063 companies
in the Business Services industry
Industry Median: 1 vs OSTO:CNCJO B: 3.79

Concejo AB Cash-to-Debt Historical Data

The historical data trend for Concejo AB'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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Concejo AB Cash-to-Debt Chart

Concejo AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

0.01

48.34

2.74

2.96

3.79

Concejo AB Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															2.96	2.69	2.45	2.66	3.79

Competitive Comparison of Concejo AB's Cash-to-Debt

For the Security & Protection Services subindustry, Concejo AB'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.

Concejo AB's Cash-to-Debt Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Concejo AB's Cash-to-Debt distribution charts can be found below:

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

Concejo AB 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.

Concejo AB'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)
	=	321.7	/	(40.3	+	44.7)
	=	3.78

Concejo AB'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)
	=	321.7	/	(40.3	+	44.7)
	=	3.78

Concejo AB (OSTO:CNCJO B) 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.

Concejo AB Cash-to-Debt Related Terms

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

Concejo AB (OSTO:CNCJO B) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Concejo AB (OSTO:CNCJO B) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Vastra Finnbodavagen 2-4, P.O. Box 5028, Nacka, SWE, 131 05

Website

https://www.concejo.se

Concejo AB is a mixed investment company with operations conducted in three business areas. Concejo Industrier, SBF Fonder, and Concejo Ventures. The company's segments include Concejo Industrier - Industrial operations, SBF Funder - Fund operations, and Ventures Council - The investment business. It derives revenue from Concejo Industrier which further includes Firenor Internationa, Optronics Technology, ACAF Systems, and SAL Navigation; which offer security systems for firefighting, provides optical gas detectors for various industrial applications.

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