Heliospectra AB (OSTO:HELIO) Cash-to-Debt : No Debt ⁽¹⁾ (As of Mar. 2024)

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What is Heliospectra 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. Heliospectra AB's cash to debt ratio for the quarter that ended in Mar. 2024 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, Heliospectra AB could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

(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 Heliospectra AB's Cash-to-Debt or its related term are showing as below:

OSTO:HELIO' s Cash-to-Debt Range Over the Past 10 Years
Min: No Debt Med: No Debt Max: No Debt
Current: No Debt

During the past 12 years, Heliospectra AB's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

OSTO:HELIO's Cash-to-Debt is ranked better than
99.83% of 3005 companies
in the Industrial Products industry
Industry Median: 1.18 vs OSTO:HELIO: No Debt

Heliospectra AB Cash-to-Debt Historical Data

The historical data trend for Heliospectra 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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Heliospectra AB Cash-to-Debt Chart

Heliospectra AB Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

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No Debt

Heliospectra AB Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	No Debt	No Debt	No Debt	No Debt

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

For the Electrical Equipment & Parts subindustry, Heliospectra 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.

Heliospectra AB's Cash-to-Debt Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Heliospectra AB's Cash-to-Debt distribution charts can be found below:

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

Heliospectra 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.

Heliospectra AB's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 is calculated as:

Heliospectra AB had no debt ⁽¹⁾.

Heliospectra AB's Cash to Debt Ratio for the quarter that ended in Mar. 2024 is calculated as:

Heliospectra AB had no debt ⁽¹⁾.

Heliospectra AB (OSTO:HELIO) 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.

Heliospectra AB Cash-to-Debt Related Terms

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

Heliospectra AB (OSTO:HELIO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Heliospectra AB (OSTO:HELIO) » Definitions » Cash-to-Debt

Traded in Other Exchanges

H00:Germany

Address

Fiskhamnsgatan 2, Gothenburg, SWE, 414 58

Website

https://www.heliospectra.com

Heliospectra AB is engaged in the development of lighting systems for controlled environments using light-emitting diode technology. The company's offering is targeted at greenhouses and indoor growers of medicinal plants, foodstuffs, herbs and microgreens, and academic and agtech researchers. The offering consists of total solutions that rest on three pillars: Lighting, control systems marketed under the brand name helioCORE, and services marketed under the brand name helioCARE.

Heliospectra AB (OSTO:HELIO) Headlines

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Heliospectra AB (OSTO:HELIO) Cash-to-Debt : No Debt (1) (As of Mar. 2024)