Humble Group AB (OSTO:HUMBLE) Cash-to-Debt : 0.21 (As of Mar. 2024)

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What is Humble Group 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. Humble Group AB's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.21.

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, Humble Group AB 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 Humble Group AB's Cash-to-Debt or its related term are showing as below:

OSTO:HUMBLE' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.04 Med: 0.6 Max: 19.04
Current: 0.21

During the past 12 years, Humble Group AB's highest Cash to Debt Ratio was 19.04. The lowest was 0.04. And the median was 0.60.

OSTO:HUMBLE's Cash-to-Debt is ranked worse than
68.46% of 1861 companies
in the Consumer Packaged Goods industry
Industry Median: 0.52 vs OSTO:HUMBLE: 0.21

Humble Group AB Cash-to-Debt Historical Data

The historical data trend for Humble Group 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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Humble Group AB Cash-to-Debt Chart

Humble Group AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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2.00

2.59

0.22

0.13

0.23

Humble Group AB 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															0.16	0.41	0.21	0.23	0.21

Competitive Comparison of Humble Group AB's Cash-to-Debt

For the Packaged Foods subindustry, Humble Group 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.

Humble Group AB's Cash-to-Debt Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Humble Group AB's Cash-to-Debt distribution charts can be found below:

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

Humble Group 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.

Humble Group 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)
	=	401	/	(320	+	1455)
	=	0.23

Humble Group AB'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)
	=	356	/	(269	+	1466)
	=	0.21

Humble Group AB (OSTO:HUMBLE) 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.

Humble Group AB Cash-to-Debt Related Terms

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Humble Group AB (OSTO:HUMBLE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Humble Group AB (OSTO:HUMBLE) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

B39:Germany

Address

Nytorgsgatan 17A, Stockholm, SWE, 116 22

Website

https://www.humblegroup.se

Humble Group AB is a Swedish foodtech and FMCG group. Humble targets the foodtech, eco, sustainability and vegan segments to drive organic growth and acquisitions in the various business units: brands, distribution, manufacturing and ingredients, and R&D. Its technical solutions facilitate new formulations and recipes that improve the taste and consistency of the next generation of sugar-reduced, sustainable, and vegan products.

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