Grab2Go AS (OTSE:GRB2G) Cash-to-Debt : No Debt ⁽¹⁾ (As of Jun. 2023)

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What is Grab2Go AS 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. Grab2Go AS's cash to debt ratio for the quarter that ended in Jun. 2023 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, Grab2Go AS could pay off its debt using the cash in hand for the quarter that ended in Jun. 2023.

(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 Grab2Go AS's Cash-to-Debt or its related term are showing as below:

OTSE:GRB2G' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.58 Med: 5000.29 Max: No Debt
Current: 0.93

During the past 2 years, Grab2Go AS's highest Cash to Debt Ratio was No Debt. The lowest was 0.58. And the median was 5000.29.

OTSE:GRB2G's Cash-to-Debt is ranked worse than
54.85% of 2926 companies
in the Industrial Products industry
Industry Median: 1.23 vs OTSE:GRB2G: 0.93

Grab2Go AS Cash-to-Debt Historical Data

The historical data trend for Grab2Go AS'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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Grab2Go AS Cash-to-Debt Chart

Grab2Go AS Annual Data

Trend

Dec21

Dec22

Cash-to-Debt

No Debt

0.58

Grab2Go AS Semi-Annual Data
	Jun22	Dec22	Jun23
Cash-to-Debt	N/A	0.58	No Debt

Competitive Comparison of Grab2Go AS's Cash-to-Debt

For the Business Equipment & Supplies subindustry, Grab2Go AS'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.

Grab2Go AS's Cash-to-Debt Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Grab2Go AS's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Grab2Go AS's Cash-to-Debt falls into.

Grab2Go AS 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.

Grab2Go AS's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 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)
	=	0.173	/	(0.3	+	0)
	=	0.58

Grab2Go AS's Cash to Debt Ratio for the quarter that ended in Jun. 2023 is calculated as:

Grab2Go AS had no debt ⁽¹⁾.

Grab2Go AS (OTSE:GRB2G) 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.

Grab2Go AS Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Grab2Go AS's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Grab2Go AS (OTSE:GRB2G) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Grab2Go AS (OTSE:GRB2G) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Veskiposti tn 2-1002, Harju maakond, Tallinn, EST, 10138

Website

https://www.grab2go.eu

Grab2Go AS develops and manufactures autonomous, unmanned and robotic convenience store and pharmacy technology. Its technology and solutions make it possible to achieve a significant increase in efficiency, resource savings and a better consumer experience in the operation of convenience stores, pharmacies and other similar points of sale. The company has developed a completely unique Cloud Platform to remotely manage and operate Its Autonomous Stores in Real-Time. Grab2Go earns revenue from the sale of hardware solutions (machines) (one-time revenue), maintenance of hardware solutions (machines) (periodic payments), licensing of software solutions (periodic payments) and software development.

Grab2Go AS (OTSE:GRB2G) Headlines

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Grab2Go AS (OTSE:GRB2G) Cash-to-Debt : No Debt (1) (As of Jun. 2023)